1981-143 CRA - Laserfiche WebLink

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-' ': . . I . . Thi s Note and the interest and other charges hereon are payable from, and are secured by a charge and lien on, certain Revenues and c.ollateral as contemplated by the Resolution. This Note is a special obligation of the Agency and is not a li en or charge against the property or funds of the Agency, except to the extent contemplated by the Resolution. This Note is not a debt of the City of Santa Ana, the State .of California, or any of its political subdivisions and neither said City, said State, n.or any of its political subdivisions is liable hereon nor in any event shall this Note be payable out of any funds or properties other than the Revenues and c.ollateral therefor, as contemplated by the Resolution. The faith and credit of the Agency is not pledged to the payment of the principal .of or interest on this Note. This Note does not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction. If an Event of Default (as defined in the Resolution) shall .occur, all or part of the principal amount of this Note may be declared due and payable upon the conditions, in the manner and with the effect provided in the Res.o lut i on but such dec 1 arat i on and its consequences may be resc i nded and annuled by the holder hereof as further provided in the Resolution. This Note may be transferred by the holder hereof by endorsing hereon (or on a paper attached hereto) the amount of principal paid hereon as .of the date of transfer. Not ifi cati on of such transfer shall be prompt ly gi ven to the Agency for entry on the Note register maintained by the Agency pursuant to the Resolution, of the name and address of the transferee. The Agency may treat the reg i stered owner hereof as the absolute owner hereof for all purposes. Any holder of this Note subsequent to its .original purchaser is hereby placed on notice .of all payments of both principal and of interest on this Note prior to its transfer t.o such holder and all such subsequent holders hereby ackn.owl edge that they have ascerta i ned the actual unpaid pri nc ipa 1 balance .of this Note as of the date of transfer of this N.ote to them and hereby release the Agency from all obligation as to all principal and interest paid by the Agency prior to such date. It is hereby certified that all of the things, conditions and acts requ i red to ex ist, to have happened and to have been performed precedent to and in connection with the issuance of this Note do exist, have happened and have been performed in due time, form and manner, and that the amount of this Note, together with all other indebtedness of the Agency, does not exceed any limit prescribed by any laws of the State of California, and is not in excess of the amount of the Note permitted to be issued under the Resolution.