Agenda Packet_2024-06-04 - Laserfiche WebLink

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55394.00068\42092121.3 TABLE OF CONTENTS (continued) Page -ii- ARTICLE VII COVENANTS OF THE AUTHORITY ........................................................ 27 Section 7.01. Punctual Payment and Performance .................................................. 27 Section 7.02. Tax Covenants; Rebate Fund ............................................................. 28 Section 7.03. Eminent Domain ................................................................................ 29 Section 7.04. Accounting Records and Reports....................................................... 29 Section 7.05. The City’s Budgets ............................................................................ 30 Section 7.06. Installment Purchase Agreement and Other Documents ................... 30 Section 7.07. Other Liens......................................................................................... 30 Section 7.08. Prosecution and Defense of Suits ...................................................... 31 Section 7.09. Further Assurances............................................................................. 31 Section 7.10. Continuing Disclosure ....................................................................... 31 ARTICLE VIII THE TRUSTEE ............................................................................................. 31 Section 8.01. Appointment and Acceptance of Duties ............................................ 31 Section 8.02. Duties, Immunities and Liabilities of Trustee.................................... 31 Section 8.03. Merger or Consolidation .................................................................... 33 Section 8.04. Compensation .................................................................................... 33 Section 8.05. Liability of Trustee ............................................................................ 34 Section 8.06. Right to Rely on Documents .............................................................. 35 Section 8.07. Preservation and Inspection of Documents........................................ 35 ARTICLE IX AMENDMENT OF THE INDENTURE ....................................................... 36 Section 9.01. Amendment of the Indenture ............................................................. 36 Section 9.02. Disqualified Bonds............................................................................. 37 Section 9.03. Endorsement or Replacement of Bonds After Amendment .............. 37 Section 9.04. Amendment by Mutual Consent ........................................................ 37 ARTICLE X EVENTS OF DEFAULT AND REMEDIES OF HOLDERS ....................... 37 Section 10.01. Events of Default and Acceleration of Maturities ............................. 37 Section 10.02. Proceedings by Trustee ...................................................................... 38 Section 10.03. Effect of Discontinuance or Abandonment........................................ 39 Section 10.04. Rights of Owners ............................................................................... 39 Section 10.05. Restriction on Owners’ Action .......................................................... 39 Section 10.06. Power of Trustee to Enforce .............................................................. 40 Section 10.07. Remedies Not Exclusive .................................................................... 40 Section 10.08. Waiver of Events of Default; Effect of Waiver ................................. 40 Section 10.09. Application of Moneys ...................................................................... 40 ARTICLE XI DEFEASANCE.............................................................................................. 42 Section 11.01. Discharge of Bonds ............................................................................ 42 Section 11.02. Unclaimed Money .............................................................................. 43 City Council 38 – 97 6/4/2024