R-1986-14 - Laserfiche WebLink

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. e the Bonds, or from time to time the portion thereof as may be the subject of such a ruling or opinion as aforesaid, in an appropriate principal amount not exceeding that which is the subject of a ruling or opinion as aforesaid, maturing in such amount and times, bearing inter- est at the rates, payable on the dates and having such optional and mandatory redemption features and prices as are approved in writing by the' Company. The Corporation will deliver the Bonds to the purchaser designated by the Company and will cooperate to the fullest extent in facilitating delivery of the Bonds. Section 4: The Bonds may be issued either at one time or in several series from time to time as the Company shall request in writ- ing; provided, however, that the Bonds will be issued in an aggregate principal amount as will not exceed the amount which is the subject of a ruling or rulings or opinion or opinions as aforesaid. A request in writing for issuance of one or more series of Bonds shall not affect the obligation hereunder of the Corporation to issue the remaining Bonds as written requests therefor are received. The proceeds of the Bonds or portions thereof whether or not issued in a series, shall not be invest- ed so as to constitute the Bonds or a portion thereof as arbitrage bonds within the meaning of Section 103(c) of the Internal Revenue Code of 1954, as amended, and applicable regulations promulgated pursuant thereto. Section 5: The payment of the principal of and any premium and interest on the Bonds shall be made solely from moneys realized from the sale or lease of the Pollution Control Facilities or from moneys re- alized from the loan of the proceeds of the Bonds to finance all or part of the costs of the Project. Section 6: The costs of the Pollution Control Facilities (herein- after the "Project Costsn) may include any cost of acquiring, construct- ing, reconstructing, improving and expanding the Pollution Control Facilities. Without limiting the generality of the foregoing, the Project Costs shall specifically include the cost of the acquisition of all land, rights-of-way, property rights, easements and interests, the cost of all machinery and equipment, financing charges, interest prior to and during construction and for one year after completion of construction whether or not capitalized, necessary reserve funds, costs of estimates and of engineering, financial advisory and legal services, plans, specifications, surveys, estimates of cost and of revenue, other expenses necessary or incident to determining the feasibility and practicability of acquiring, constructing, reconstructing, improving and expanding the Pollution Control Facilities, administrative expenses and such other expenses as may be necessary or incident to the acquisition, construction, reconstruction, improvement and expansion of the Pollution Control Facilities, the placing of the Pollution Control Facilities in B-3