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R-12044
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7/11/2008 12:01:37 PM
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Resolutions
Number
12038-12087
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CITY OF RIVERSIDE <br /> <br />RESOLUTION OF THE CiTY COUNCIL OF TIlE CITY OF RIVERSIDE, CALIFORNIA, <br />AUTItOR1ZING THE ISSUANCE OF $3,700,000 ELECTRIC REVENUE BONDS OF SAID <br />CITY AND PROVIDING THE TERMS AND CONDH'IONS FOR <br /> TIlE ISSUANCE OF SAID IIONDS. <br /> <br />Recitals .............................................. <br />Section 1. Definitions ........................... <br />Section 2. Amount, Issuance, Purpose anti Nature of Bonds ............................................ 2 <br />Section 3. l)cscripdon of Bonds .................................................................... 3 <br /> <br /> (a) Notice of Redemption .................................................. 4 <br /> (b) Redemption Account ................... 4 <br /> <br />Covenant <br /> <br />Covenant <br /> <br />Covenant <br /> <br />Covenant <br /> <br /> I. Punctual Payment ...................................................................... 8 <br /> 2. Discharge Claims .......................................... 8 <br /> 3. Commence Acqu[sltion and Constraction .................... 8 <br /> 4. Operate Electric System ii1 Efficient and <br /> Economical Manner ............................... 8 <br /> <br />5. Against Sale, Eminent Dolnain ............ 8 <br />6. Insurance .............. 9 <br />7. Records and Accounts ...................... 9 <br />8. No Free Service .............................................................................. 9 <br />9. Rules and Charges .................. i0 <br />10. No Priority for Additional Bonds ........................................... I0 <br />1I. Limits on Additional Debt .................................................. <br />12. Arbitrage ................................................................................. I1 <br /> <br /> <br />
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