Ordinance 1982-770 - Laserfiche WebLink

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payment date but not to exceed an interest rate of 24%. Addi- tional amounts of interest on this Bond will become due upon a Determination of axability, pursuant to subparagraphs 8.2(b) and ( c) of the Loan A reement. All of he agreements, conditions, covenants, provisions and stipulations ontained in the Ordinance authorizing this Bond and in the Loan greement, Assignment, Bond Purchase Agreement, and Deed of Trust are hereby made a part of this Bond to the same extent and with t e same force and effect as if they were fully set forth herein. in events, on the conditions, in the manner and with set forth in the Ordinance, the principal -, of this Bond may ecome or may be declared due and payable before the stated matu ity thereof, together w{th interest accrued thereon. d and the interest hereon do not constitute a debt or genera obligation of the City, within the -mean ing of any constitutiona or statutory limitation and do not constitute or give rise to pecuniary liability of the City or a charge against its gene al credit or taxing powers. None of the of- ficers, employees or agents of the City shall have any liability in an individual capacity with respect to the Bond. This Bond and the interest thereon are special obligations payable solely from the revenues derived from the Project pursuant to the Loan Agreement, the pa ents under which will be sufficient to pay the principal of, interest on, and certain fees and expenses in connection with t is Bond as the same become due and payable. The Bondholder shall thE~ right to enforce payment hereof against any prope ty of the Ci t.y except its interest in the Loan -Agreement, and t is Bond does not constitute a charge, lien or encumbrance, lega or equitable' , upon any property of the City, and the agreeme t of the City to perform or cause the per- formance of the c venants and other provisions herein referred to shall be subject at all times to the availability of revenues of - 15 - - - ,- ------.-.. _._----_._~_..-....__._--_.-.--- ------ _____.__ ____ - ________.____~______.__._____ 0-- - ---~--._---_...._-