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Resolution 2532
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Resolution 2532
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Last modified
8/1/2017 9:49:11 AM
Creation date
8/1/2017 9:49:08 AM
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Resolutions
Resolution Number
2532
Date
1/30/1985
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080384/45311 <br /> such restrictions , if any, provided in the resolution authoriz- <br /> ing the issuance of the Bonds or in the trust indenture secur- <br /> ing the Bonds . If the proceeds of the Bonds exceed the cost of <br /> the Project , the surplus shall be deposited to the credit of <br /> the debt service fund for the Bonds or used to purchase Bonds <br /> in the open market . <br /> 7 . Costs to be Financed. The costs of the Project may <br /> include those costs enumerated in the Act as "Project costs . " <br /> 8 . Fees and Expenses of Issuer . The Company shall reim- <br /> burse the Issuer upon receipt of an invoice from the Issuer for <br /> all reasonable direct and indirect expenses incurred in connec- <br /> tion with this Agreement or in issuing the Bonds , including but <br /> not limited to : (a) $750 in the form of a non-refundable <br /> application fee; (b) Issuer ' s counsel ' s reasonable fees and <br /> expenses; (c) reasonable staff time and travel expenses, if <br /> required; and (d) all other reasonable fees or expenses incur- <br /> red. Such expenses and fees shall be payable whether or not <br /> the Bonds are issued. Upon issuance of the Bonds , the Company <br /> shall pay the Issuer an administration fee consisting of the <br /> issuance fee and the annual service fee calculated in accor- <br /> dance with the terms of the application furnished to the <br /> Company. <br /> 9 . Bond Counsel . The Company and the Issuer agree that <br /> the Issuer will appoint Perkins , Coie, Stone, Olsen & Williams , <br /> a nationally recognized bond counsel firm, as bond counsel in <br /> —7— <br />
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