Ordinance 1985-859 - Laserfiche WebLink

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due and payable, this Ordinance is necessary to the immed ia te preservation of the p ubI ic health and safety; and WHEREAS, it is necessary to provide for the form of the bo nds , the bond de ta il s , tne payment of the bo nds , and other pro- visions reI a ting to the author iza tion, issuance, and sale of the bo nds : BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section l. Definitions. As used here in, the following terms shall have the respective meani ngs set for th below, unless the context indicates otherwise: Bank: Central Bank of De nver , a banking corporation, in Denver, Color ado, or its s ucces sor , a commercial bank dul y organized and existing under the laws of the S ta te of Colorado, be i ng a member of the Federal Deposi t Insurance Corpora tion, and hav ing full and compl e te trus t power s , wi th which the Escrow Accoun t is established and maintained. Bond Accoun t: the "Ci ty of Louisville Principal and Interest Account", established by Sec t ion 13 of this Ordinance. Bond Reg istrar: Cen tr al Bank of De nver , a banking corporation, in De nver , Colorado, or its successor, which shall perform the functions of bond reg istr ar with respect to the Bo nds. Bonds: the General Obligation Wa ter Refunding and Improvement Bonds, Series 1985, dated Hay 1, 1985, issued in the aggrega te pr inc ipal amoun t of $2,950,000, as authorized by this Ordinance, be i ng both the Refunding Bo nds and the Improvemen t Bonds. 1976 Bonds: the City's Ge ner al Obl iga tion Re fund i ng Wa ter Bo nds , dated June I, 1976, in the presen tly outstanding amount of $415,000, being bonds numbered 138 to 220, inclusive. 1978 Bo nds : the City's Ge ner al Obligation Water Bonds, dated Apr il I, 1978, in the presen tly outstanding amount of $250,000, be ing bo nds numbered 11 to 60, inclusive. - 7 - -