ORDINANCES & RESOLUTIONS 1981 - Laserfiche WebLink

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economic development and job opportunities in and near the Town of Mooresvil1e, 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 Series 1981 Bonds will be deemed to be paid at or prior to maturity or redemption of the Series 1981 Bonds, upon the making of provision for the payment thereof in the manner set forth in the Indenture, and to all the provisions of which the holder hereof by the acceptance of this Series 1981 Bond assents. The Series 1981 Bonds are issuable in the form of registered Series 1981 Bonds without coupons in the denomination of $5,000 or any multiple thereof. This Series 1981 Bond is transferable by the registered holder hereof in person or by his attorney duly authorized in writing at the principal office of the Trustee in the City of Indianapolis, Indiana, but only in the manner, subject to the limitations and upon payment of the charges provided in the Indenture, and upon surrender of this Series 1981 Bond. upon such transfer a new registered Series 1981 Bond or Bonds without coupons of authorized denomination or denominations, for the same aggregate principal amount will be issued to the transferee in exchange