Ordinance 99-78 - Laserfiche WebLink

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(r) "Pledged Revenues" shall mean all moneys on deposit in the Debt Service Fund derived from the proceeds of the Utilities Tax required to be deposited therein each month in accordance with the provisions of this Ordinance. (s) "Prime Rate" shall mean the annual interest rate most currently quoted in The Wall Street Journal, eastern edition as the "Prime Rate." (t) "Registrar" shall mean the City's Finance Department or, if the City Commission shall so determine by subsequent proceeding, any bank or trust company and any successor bank or trust company appointed by the City to act as Registrar hereunder. (u) "Tax Certificatei' shall mean the Arbitrage Certificate of the City executed on the date of initial delivery of the 1999B Bond. (v) "D. S. Obligations" shall mean the direct obligations of: or obligations on which the timely payment of principal and interest are unconditionally guaranteed by the United States of America, and, if determined by subsequent proceedings of the City Commission, certificates which evidence ownership of the right to the payment of the principal of: or interest on, such obligations. (w) "Utilities Tax" shall mean the tax imposed by the City on each and every purchase in the City of electricity (as defined in the Utilities Tax Ordinance). Said term shall also apply to all taxes imposed by the City on the purchase of electricity (as defined in the Utilities Tax Ordinance), whether levied in the amounts prescribed by the Utilities Tax Ordinance or in any other amounts and whether imposed either by amendment to the Utilities Tax Ordinance or otherwise. (x) "Utilities Tax Ordinance" shall mean all proceedings imposing the Utilities Tax, including Ordinance No. 97-3 of the City adopted on September 11, 1997, as the same may be amended from time to time, and every supplementary ordinance or other ordinance in lieu thereof as may hereafter be adopted. Words importing singular number shall include the plural number and vice versa, as the case may be, and words importing persons shall include firms and corporations. SECTION 1.4 ORDINANCE CONSTITUTES CONTRACT. In consideration of the acceptance of the 1999B Bond authorized to be issued hereunder by those who shall own the same from time to time, this Ordinance shall be deemed to be and shall constitute a contract between the City and the Bondholder and the covenants and agreements herein and therein set forth to be performed by said City shall be for the benefit, protection and security of the Bondholders 7