Ordinance 1989-0991 - Laserfiche WebLink

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Bond Insurance POlicy: the municipal bond new issue insurance policy issued by the applicable Bond Insurer and guaran- teeing the timely payment of the principal of and interest on the Bonds. Bond Insurer: with respect to the Bonds, Financial Guaranty Insurance Company, a New York stock insurance company, or any successor thereto, and with respect to any Parity Lien Bonds, the financial institution, if any, guaranteeing the timely payment of the principal of and interest on such Parity Lien Bonds. Bond Purchase Agreement: the agreement between the City and the Underwriter, concerning purchase of the Bonds by the Underwriter. Bond Registrar: Central Bank Denver, National Association, in Denver, Colorado, or its successor, which shall perform the registration and transfer functions of bond registrar as set forth in this Ordinance. Bonds: the Sewer Revenue Refunding Bonds, Series 1989, dated April 1, 1989, issued in the aggregate principal amount of $2.910.000. as authorized by this Ordinance. Capital Improvements: the acquisition of land, ease- ments, facilities, and equipment (other than ordinary repairs and replacements), and the construction or reconstruction of improve- ments, betterments, and extensions, for use by or in connection with the System. Certified Public Accountant: a nationally recognized certified public accountant within the meaning of Section 12-2- 115, C.R.S., licensed to practice in the State of Colorado. City: the City of Louisville, Colorado. Code: the Internal Revenue Code of 1986, as amended~ ~ombined Maximum Annual Principal and Interest Requirements: with regard to any two or more particular issues of bonds or other obligations, the maximum annual payments of principal of and interest on all of said issues (excluding redemption premiums) to become due during any Fiscal Year while - 55 -