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Ord86 1928
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Ord86 1928
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Last modified
10/11/2019 3:13:05 PM
Creation date
10/11/2019 3:12:59 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Ordinance
Date
3/17/1986
Description
1928 MAR 1 '7 1986 AN ORDINANCE ESTABLISHING THE REDWOOD CITY PUBLIC FACILITIES AND INFRASTRUCTURE AUTHORITY, PROVIDING FOR ITS GENERAL AND SPECIAL POWERS, INCLUDING THE POWER TO INCUR INDEBTEDNESS, AND SPECIFYING CERTAIN RIGHTS OF OBLIGEES OF THE AUTHORITY
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<br /> DES:djc 2/28/86 <br />adoption, or to any such contract or other agreement by the date <br />of its execution, or the apparent date on the face thereof, is <br />sufficient to incorporate all of the provisions of the contract <br />or agreement into the body of the bonds. Each taker and <br />subsequent holder of the bonds has recourse to all of the <br />provisions of the resolution or contract and is bound thereby. <br /> Section 4.10. Covenants and Agreements. The Authority may <br />provide for such covenants and agreement on the part of the <br />Authority as it deems necessary or advisable for the better <br />security of any bonds. <br /> Section 4.11. Covenants; Punctual Payment. The Authority <br />may provide for the making of a covenant requiring the Authority <br />to pay punctually the principal of and interest on any bonds on <br />the date or dates, at the place or places, and in the manner <br />mentioned in the bonds in accordance with their terms. <br /> Section 4.12. Covenants; Operation of Facilities. The <br />Authority may provide for the making of a covenant requiring the <br />Authority to continuously operate in an efficient and economical <br />manner any or all facilities and infrastructure and properties, <br />any revenues of which are charged with the payment of any bonds <br />in connection with which such covenant is made. <br /> Section 4.13. Covenants; Repairs, Renewals and <br />Replacements. The Authority may provide for the making of a <br />covenant requiring the Authority to make all repairs, renewals <br />and replacements necessary to the operation of any or all <br />facilities and infrastructure and properties, any revenues of <br /> 14 <br /> ---_.... <br />
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