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Industrial Development Certificate of Resolutions Agreement to Issue Bonds
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Industrial Development Certificate of Resolutions Agreement to Issue Bonds
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8/23/2007 9:02:37 PM
Creation date
7/27/2006 7:55:10 AM
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La Porte TX
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<br />... <br /> <br />. <br /> <br />e <br /> <br />..t - <br /> <br />(A) -0- <br />which amount has been <br />Issuance Costs and has <br />under Section 3.5 of the <br /> <br />of such excess be disbursed to the User, <br />expended by the User for Project Costs or <br />not previously been paid by a disbursement <br />Agreement, and <br /> <br />(B) -0- be disbursed for deposit in the Bond Fund to pay <br />interest on the Bonds for no more than one year after the Completion <br />Date. <br /> <br />5. -0- representing remaining Original Proceeds shall be <br />disbursed for placement in escrow in a separate account in the Debt <br />Service Fund to be used solely for the purpose of paying the principal <br />component, or portions thereof, in a redemption date as prov ided in <br />Section 3.03 of the Indenture; provided, that the amount so placed in <br />escrow shall not be invested so as to violate any of the arbitrage <br />rules relating to Industrial Development Revenue Bonds. <br /> <br />6. If any funds in excess of the sum of the above monies <br />(Sections 4(A), 4(B) and 5) remain in the Construction Fund, then <br />those remaining funds shall also be placed in the Bond Fund for <br />payment of interest. <br /> <br />Notwithstanding the foregoing, this Completion Certificate is <br />being given without prejudice to any rights against third parties <br />which exist of even date herewith or which may subsequently come into <br />being. <br /> <br />J, <br />Alan <br />Vice Pr ident-General Counsel <br />(Authorized Representative) <br /> <br /> <br />'NS, INC. <br /> <br />cc: Walter Biegler <br />Maxine Glasberg <br />Twyla Lord <br />Mary King <br />Lauren Kinzie <br />Deborah A. Wear-Rios <br /> <br />cc: City of La Porte Industrial Development Corporation <br />604 W. Fairmont Parkway <br />La Porte, TX 77571 <br />Attn: President <br />
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