Laserfiche WebLink
ARTICLE I. <br /> DEFINITIONS; INTERPRETATION <br /> Section 1.01. Definitions. As used in this ordinance, the following words shall have the <br /> following meanings, unless a different meaning clearly appears from the context: <br /> Alternate Credit Facility means a policy of municipal bond insurance, a letter of credit, <br /> surety bond, line of credit, guarantee or other financial instrument or any combination of the <br /> foregoing, which obligates a third party to make payment or provide funds for the scheduled <br /> payments of principal of and interest on Bonds and for the Purchase Price of any Bonds. <br /> Arbitrage and Tax Certification means the certificate executed by the Finance Director- <br /> Treasurer of the City pertaining to the calculation of any Rebate Amount with respect to the <br /> Bonds. <br /> Authorized Denominations means: <br /> (a) with respect to Bonds in a Weekly Mode, $100,000 and any integral <br /> multiple of$5,000 in excess thereof, <br /> (b) with respect to Bonds in the Fixed Mode, $5,000 and any integral multiple <br /> thereof within a maturity, and <br /> (c) with respect to Bank Bonds, any amount (but only during the period that <br /> such Bonds are Bank Bonds). <br /> Bank means, initially, Bank of America, N.A., and thereafter, the provider of any <br /> Alternate Credit Facility. <br /> Bank Bonds shall have the meaning assigned to such term in Section 4.04 hereof. <br /> -2- P\CMW\CMW4ZL 11/20/01 <br />