ORDINANCES & RESOLUTIONS 1981 - Laserfiche WebLink

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trust ("Trustee"), and interest on this Series 1981 Bond being payable by check or draft mailed or delivered to the registered owner at the address of such owner as it appears on the Bond Register. The holder hereof hereby waives any and all interest accrued from the date hereof through July 8, 1981. This Series 1981 Bond is one of an authorized issue of Economic Development First Mortgage Revenue Bonds, Series 1981 (Nice-Pak Products, Inc.) ("Series 1981 Bonds") limited, except as provided with respect to Additional Bonds in a Mortgage and Indenture of Trust dated as of July 1, 1981 (which document as from time to time amended and supplemented, is hereinafter referred to as the "Indenture"), in aggregate principal amount of $3,035,000 issued for the purpose of refunding certain prior bonds and financing certain economic development facilities ("Project"), in the Town of Mooresville, for Nice-pak Products, Inc., a New York corporation qualified to do business in Indiana ("Company"), and paying necessary expenses incidental thereto so as to promote diversification of economic development and job opportunities in and near the Town of Mooresville, Indiana. The proceeds of the Series 1981 Bonds will be loaned by Issuer to Company ("Loan") under the terms of a Loan Agreement for the Project dated as of July 1, 1981 (which agreement as from time to time amended and supplemented is hereinafter referred to as the "Agreement"), and Company has issued Series 1981 Promissory Notes dated as of July 1, 1981 ("Series 1980 Notes"), to evidence its obligation to repay the Loan. The Series 1981 Bonds are all issued under and are equally and ratably secured by and entitled to the protection of the Indenture, duly executed and delivered by Issuer and Company to Trustee, which Indenture is recorded in the office of the Recorder of Morgan County, Indiana. It is provided in the Indenture that Issuer may hereafter issue Additional Bonds from time to time under certain terms and conditions contained therein; and if issued, such Additional Bonds will rank pari passu with this issue of Series 1981 Bonds. (The Series 1981 Bonds and any Additional Bonds hereafter issued shall be referred to as the "Bonds.") Reference is made to the Indenture for a description of the property mortgaged, and interests pledged and assigned, the provisions, among others, with respect to the nature and extent of the security, the rights, duties and obligations of Issuer, Company, Trustee and the holders of the Series 1981 Bonds and terms upon which the Series 1981 Bonds are issued and secured and the terms and conditions upon which the