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Title: |
Indenture of Trust |
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Date: |
2007 |
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Preview shows 66KB of 258KB total |
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$79 |
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ID: |
#2766080 |
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Start of Preview |
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INDENTURE OF TRUST
Dated as of March 1, 1998
From
CITY OF LADYSMITH, WISCONSIN
as Grantor
To
NORWEST BANK WISCONSIN, N.A.
Milwaukee, Wisconsin
as Trustee
Relating To:
$27,000,000
CITY OF LADYSMITH, WISCONSIN
VARIABLE RATE DEMAND SOLID WASTE DISPOSAL FACILITY
REVENUE BONDS,
SERIES 1998 (CITYFOREST CORPORATION PROJECT)
TABLE OF CONTENTS
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Parties and Recitals |
1 | ||
|
Granting Clauses |
2 | ||
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ARTICLE I DEFINITIONS AND USE OF PHRASES |
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Section 101 |
Definitions |
3 | |
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Section 102 |
Use of Phrases; Rules of Construction |
14 | |
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ARTICLE II GENERAL PROVISIONS RELATING TO THE BONDS |
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Section 201 |
Creation of Bonds for Issuance |
15 | |
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Section 202 |
Parity |
16 | |
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Section 203 |
Bonds to be Limited Obligations of Issuer |
16 | |
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Section 204 |
Execution of Bonds |
16 | |
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Section 205 |
Authentication |
16 | |
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Section 206 |
Form of Bonds |
17 | |
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Section 207 |
Provision for Registration, Transfer and Exchange of Bonds |
17 | |
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Section 208 |
Persons Treated as Owners |
19 | |
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Section 209 |
Manner of Payment of Bonds |
19 | |
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Section 210 |
Mutilated, Lost, Stolen or Destroyed Bonds |
19 | |
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Section 211 |
Designation of Bond Registrar and Paying Agents |
20 | |
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Section 212 |
Disposition of Bonds Upon Payment; Safe-keeping of Bonds Surrendered for Exchange |
20 | |
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Section 213 |
Nonpresentment of Bonds |
20 | |
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Section 214 |
Delivery of Bonds |
20 | |
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ARTICLE III TERMS OF THE BONDS |
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Section 301 |
Maturity |
21 | |
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Section 302 |
Interest on the Bonds |
21 | |
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Section 303 |
Purchase of Bonds Upon Demand |
26 | |
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Section 304 |
Mandatory Tender of Bonds for Purchase |
27 | |
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Section 305 |
Purchase of Tendered Bonds |
28 | |
|
Section 306 |
Bond Purchase Account |
28 | |
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Section 307 |
Treatment of Untendered Bond Certificates |
30 | |
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Section 308 |
Remarketing of Tendered Bonds |
30 | |
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Section 309 |
Remarketing of Pledged Bonds |
31 | |
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Section 310 |
Concerning the Remarketing Agent |
32 | |
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ARTICLE IV REDEMPTION OF BONDS PRIOR TO MATURITY |
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Section 401 |
Limitation of Redemptions Prior to Maturity |
32 | |
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Section 402 |
Notice and Effect of Redemption |
33 | |
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Section 403 |
Selection of Bonds for Redemption; Manner of Effecting Partial Redemptions of Particular Bonds |
33 | |
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Section 404 |
Optional Redemption of Bonds at Election of the Borrower |
34 | |
i
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Section 405 |
Optional Redemption of Bonds Upon Occurrence of Certain Extraordinary Events |
35 | |
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Section 406 |
Mandatory Redemption of Bonds Upon Determination of Taxability or Expiration of Credit Facility |
36 | |
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Section 407 |
Mandatory Purchase of Bonds Relating to Debt Service Reserve Fund |
37 | |
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ARTICLE V REPRESENTATIONS AND COVENANTS OF ISSUER |
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Section 501 |
Payment of Principal and Interest |
37 | |
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Section 502 |
Performance of Covenants; Authority |
37 | |
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Section 503 |
Instruments of Further Assurance |
38 | |
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Section 504 |
Inspection of Books |
38 | |
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Section 505 |
Rights Under Loan Agreement and Other Documents |
38 | |
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Section 506 |
Tax-Exempt Status of Bonds |
38 | |
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ARTICLE VI CUSTODY AND APPLICATION OF PROCEEDS OF BONDS |
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Section 601 |
Application of Proceeds of Bonds |
39 | |
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Section 602 |
Cost of Issuance Fund |
39 | |
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Section 603 |
Construction Fund |
39 | |
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Section 604 |
Surplus Construction Fund |
40 | |
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Section 605 |
Debt Service Reserve Fund |
41 | |
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ARTICLE VII REVENUES AND FUNDS |
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Section 701 |
Source of Payment |
42 | |
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Section 702 |
Pledged Revenues |
42 | |
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Section 703 |
Bond Fund |
42 | |
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Section 704 |
Redemption Fund |
44 | |
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Section 705 |
Trust Funds Held in Trust |
44 | |
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Section 706 |
Credit Facility Reimbursement Account |
44 | |
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ARTICLE VIII INVESTMENTS |
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Section 801 |
Permitted Investment of Trust Funds |
45 | |
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Section 802 |
Arbitrage |
45 | |
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Section 803 |
Rebate of Certain Arbitrage Profits |
46 | |
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ARTICLE IX DISCHARGE |
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Section 901 |
Discharge |
46 | |
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ARTICLE X DEFAULT PROVISIONS AND REMEDIES OF TRUSTEE AND BONDOWNERS |
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Section 1001 |
Defaults; Events of Default |
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