ORDINANCES & RESOLUTIONS 1981 - Laserfiche WebLink

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with Trustee, after which the Series 1981 Bonds shall no longer be secured by or entitled to the benefits of the Indenture, except for the purposes of registration and exchange of Series 1981 Bonds and of any such payment from such Governmental Obligations. The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of Company and Issuer and the rights of holders of the Bonds of all series at any time by Issuer with the consent of Company and two of the three bondholders (or the holder or holders of 51% of the aggregate principal amount of the Bonds outstanding should there be more than or less than 3 Bondholders) as defined in the Indenture. Any such consent or waiver by the holder of this Series 1981 Bond shall be conclusive and binding upon such holder and upon all future holders of this Series 1981 Bond and of any Series 1981 Bond issued upon the transfer or exchange of this Series 1981 Bond whether or not notation of such consent or waiver is made upon this Series 1981 Bond. The Indenture also contains provisions permitting Trustee to waive certain past defaults under the Indenture and their consequences. It is hereby certified, recited and declared that all acts, conditions and things required to exist, happen and be performed precedent to and in the exe- cution and delivery of the Indenture and the issuance of this Series 1981 Bond do exist, have happened and have been performed in due time, form and manner as required by law; that the issuance of this Series 1981 Bond and the issue of which it forms a part, together with all other obligations of Issuer, do not exceed or violate any constitutional or stautory limitation; and that the revenues pledged to the payment of the principal of, premium, if any, and interest on this Series 1981 Bond and the issue of which it forms a part, as the same become due, will be sufficient in amount for that purpose. This Series 1981 Bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Indenture until the certificate of authentication hereon shall have been signed by Trustee. IN WITNESS WHEREOF, the Town of Mooresville, Indiana, has caused this Series 1981 Bond to be executed in its name by the manual or facsimile signature of the President of the Town Board and its seal to be hereunto impressed o! imprinted hereon and