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Ordinance 2311-98
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Ordinance 2311-98
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3/18/2014 3:13:43 PM
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Ordinances
Ordinance Number
2311-98
Date
7/22/1998
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the within bond and does hereby irrevocably constitute and appoint <br /> as attorney-in-fact to transfer <br /> said bond on the books kept for registration thereof with full power of substitution in the <br /> premises. <br /> DATED: <br /> SIGNATURE GUARANTEED: <br /> NOTICE: Signature(s)must be <br /> guaranteed pursuant to law. <br /> NOTE: The signature on this Assignment <br /> must correspond with the name of the <br /> Registered Owner as it appears upon the <br /> face of the within bond in every particular, <br /> without alteration or enlargement or any <br /> change whatever. <br /> Section 9. Bond Fund. There is hereby authorized and directed to be created in the <br /> office of the Finance Director a special fund to be drawn upon for the purpose of paying the <br /> principal of and interest on the Bonds to be known as the "Limited Tax General Obligation Bond <br /> Redemption Fund, 1998" (the "Bond Fund"). The Bond Fund shall be drawn upon for the sole <br /> purpose of paying the principal of and interest on the Bonds. The taxes hereafter levied for the <br /> purpose of paying principal of and interest on the Bonds and other funds to be used to pay the <br /> Bonds shall be deposited in the Bond Fund no later than the date such funds are required for the <br /> payment of principal of and interest on the Bonds. Money in the Bond Fund not needed to pay <br /> the interest or principal next coming due may temporarily be deposited in such institutions or <br /> invested in such obligations as may be lawful for the investment of City funds. Any interest or <br /> profit from the investment of such money shall be deposited in the Bond Fund. <br /> -18- scot a ooc <br />
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