Ordinance 2003-1426 - Laserfiche WebLink

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ORDINANCE NO. 1426 SERIES OF 2003 AN ORDINANCE AUTHORIZING THE ISSUANCE OF CITY OF LOUISVILLE, COLORADO SALES TAX REFUNDING REVENUE BONDS, SERIES 2003. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. Definitions. As used herein, unless the context requires otherwise, the capitalized terms below shall have the following meanings: Bond or Bonds: the City's Sales Tax Refunding Revenue Bonds, Series 2003, dated as of October 1, 2003, as authorized by this Ordinance. Bond Account: the "City of Louisville, Colorado, Sales Tax Revenue Bonds Account," created in the Refunded Bond Ordinance as a special account of the Capital Improvement Fund for the purpose of paying the principal of, premium, if any, and interest on the Bonds. Bond Insurance Policy: the financial guaranty insurance policy issued by the Bond Insurer that guarantees payment when due of the principal of and interest on the Bonds. Bond Insurer: Ambac Assurance Corporation, a Wisconsin domiciled stock insurance company, or any successor thereto. Bond Registrar or Registrar: U.S. Bank National Association, or its successor, which shall perform the registration, transfer and exchange functions as set forth in this Ordinance and the Paying Agent Agreement. Business Day: any day other than a Saturday, Sunday or other day on which banks in Denver, Colorado, are required or authorized to be closed. Capital Improvement Fund: a special fund of the City designated as the "City of Louisville Sales Tax Capital Improvement Fund" established by the Sales Tax Ordinance No. 981, Series 1989. Cede: Cede & Co., the nominee of DTC as record owner of the Bonds or any successor nominee of DTC with respect to the Bonds. Charter: the home rule charter of the City, as it may be amended from time to time.