Ordinance 2098-95 - Laserfiche WebLink

"Purchase Contract" means the contract for the sale of the Bonds between the City and Seattle-Northwest Securities Corporation approved pursuant to Section 17 of this ordinance. "Rebate Amount" means the amount, if any, determined to be payable with respect to the Bonds by the City to the United States of America in accordance with Section 148(f) of the Code. "Refunded Lease Obligations" means all principal installments of Lease Obligation payments due hereafter and interest thereon. "Refunded Obligations" means the 1990A Refunded Bonds and the Refunded Lease Obligations. "Refunding Trustee" means the bank or trust company appointed by the Finance Director pursuant to Section 13 hereof. "Rule" means the Commission's Rule 15c2-12 under the Securities and Exchange Act of 1934, as the same may be amended from time to time. "SID" means a state information depository for the State of Washington (if one is created). "Trustee" means Seattle-First National Bank, or its successor in interest, acting as trustee with respect to the Lease Obligations. SECTION 2. Purpose, Authorization and Description of Bonds. A. Purpose and Authorization of Bonds. The City shall now issue and sell the Bonds in the aggregate principal amount of not to exceed $18,500,000 for the purpose of refunding the 1990A Bonds and the Lease Obligations and paying the expenses incidental to such refunding and to the issuance of the Bonds. B. Description. The Bonds shall be designated "City of Everett, Washington, Limited Tax General Obligation Refunding Bonds, 1995." The Bonds shall be dated October 1, 1995, shall be fully registered as to both principal and interest, shall be in the denomination of$5,000 each or any integral multiple thereof(but no Bond shall represent more than one maturity), shall be numbered separately in such manner and with any additional designation as the Bond Registrar deems necessary for purposes of identification. -4- J:IFW W WMOMEW3N3CXDOC