RES 68149 - Laserfiche WebLink

$ in aggregate principal amount to Seven Hundred Fifty Thousand Dol- lars ($750,000), and consist of or may consist of one or more series of varying denominations, dates, maturities, interest rates and other provisions, all iss~ted and to be issued pursuant to the Constitutiun~ and laws of the State of California, including the Revenue Bond Law of 1941 (herein called the "Law"), and pursuant to Resolution No. 67-55 adopted by the City Council of the City on March 27, 1967, and First Supplemental Resolution No. 68-149 adopted by the City Council of the City on September 10, 1968 (which two resolutions are herein toget]~er called the "Resolution"), and the vote of the qualified voters of the City voting at a special election duly called and held for tha~ purpose, authorizing the issue of the Bonds. Reference is hereby made to the Resolution, to any resolutions supplemental thereto and to the Law for a description of the terms on which the Bonds are issued and to be issued, the provisions with regard to the nature and extent of the Revenues, as that term is defined in the Resolution, and the rights of the holders and registered owners of the Bonds and of the bearers of the appurtenant coupons; and all the terms of the Resolution and the Law are hereby incorporated herein and constituted a contract between the City and the holder or registered owner from time to time of this Bond, and to all the provisions thereof the holder or reg- istered owner of this Bond, by his acceptance hereof, consents an~. agrees. Each taker and subsequent holder hereof and of said coupons, whether said coupons are attached hereto or detached herefrom, shah have recourse to all of the provisions of the Law and the Resolution and shall be bound by all of the terms and cohditions thereof. The Bonds are issued to provide funds for the~aequlsition, e6nstrue- tlon, improvement and financing of improvements to an Enterprise, consisting of the municipal water system of the City as more particu- larly described in the Resolution. The Bonds are ~peeial obligations of the City and are payable, as to the principal thereof, interest thereon and any premiums upon the redemption of any thereof, from th~'~ross revenues of said Enterprise (which, as more particularly defined in the Resolution, are therein and herein called the "Revenues"). All of the Bonds are equally secured by a pledge of, and charge and lien upon, all of the Revenues, and the Revenues constitute a trust fund for the