Ordinance 2557-01 - Laserfiche WebLink

Favorable Opinion of Bond Counsel means, with respect to any action, a written legal opinion of Bond Counsel, to the effect that such action is permitted under the laws of the State and this ordinance and will not impair the exclusion of interest on a Bond from gross income for federal income tax purposes (subject to any exceptions contained in the opinion delivered upon original issuance of such Bond). Finance Director-Treasurer means the duly, qualified, appointed and acting Finance Director-Treasurer of the City or any other officer who succeeds to the duties now delegated to that office. Fiscal Agency Agreement means the agreement of that name dated February 1, 1997, among the State of Washington and The Bank of New York and Wells Fargo Bank, National Association, and any amendments and supplements thereto and replacements thereof. Fitch means Fitch, Inc., and its successors and assigns, except that if such corporation shall be dissolved or liquidated or shall no longer perform the functions of a securities rating agency, then the term Fitch shall be deemed to refer to any other nationally recognized securities rating agency(other than Moody's or S&P) selected by the Finance Director-Treasurer. Fixed Mode means the Mode in which the Bonds bear interest at a Fixed Rate or Fixed Rates to the Maturity Date or Maturity Dates. Fixed Rate means a per annum interest rate on any Bond to the maturity thereof determined pursuant to Section 2.09. Fixed Rate Conversion Date means the date the Weekly Mode terminates and the Fixed Mode begins. -6- P\CMW\CMW4ZL 11/20/01