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170-276
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3. Original executed counterparts of ;the Lease, <br />the Lease Guaranty Agreement and the Bond- <br />Guaranty Agreement (which Bond Guaranty Agree= <br />ment is referred-' to" and :identified I in sub= <br />paragraph 5 of the granting clause's; hereof) <br />4. An original of the policy of mortgagee's title <br />insurance in the form specified iniSection'8.1 _ <br />of the Lease and Agreement. 1, - <br />5. A General Assignment-and Bill of Sale with respect, <br />to the Project, conveying the Company's interest <br />therein to the County, together with a certificate` <br />by the.Project Manager showing theamounts thereto- <br />fore previously expended by the Company in connec-' <br />tion with the Project. <br />'6. A request and authorization to theiTrustee on <br />behalf of the County and signed by;the'Chairman <br />of its Board of Supervisors and County; Clerk <br />to deliver the Series A Bonds to the underwriter <br />with respect thereto upon payment'.11'to the Trustee <br />of a sum equal to 96.8%.of the aggregate princi- <br />pal amount thereof plus accrued interest thereon <br />to such date of delivery. The proceeds of the <br />Series A Bonds shall be-paid overl,to the Trustee <br />as hereinafter provided in Articles V an& VI <br />hereof. i <br />Section 206. Subject to Section 405 hereof, tion <br />series of bonds of an equal rank with the Series A Bonds may be <br />I{ i <br />issued from time to time under the terms of this Mortgage and <br />providing for :the payment of rates of interest and for such other <br />. y i ; <br />characteristics as shall be fixed and determinedi,by the County <br />and as forth in a Mortgage to be supplemental !hereto; provided, <br />1. Each such issue of additional bonds, when so - <br />issued, shall be differentiated from allprevious <br />issues by appropriate designation!Iinscribed thereon; , <br />2. Any additional bonds having serialmaturties <br />shall become due serially in relatively equal <br />annual principal and interest payments.and shall <br />have,a final maturity not earlier;:than the final <br />maturity of any of the bonds of prior series <br />issued hereunder and then outstanding.; <br />3.. Any such additional bonds shall b'e,redeemable by <br />call iin advance of maturity or .byisinking fund <br />provisions only on a pro rata basis with,the bonds <br />of all prior series based upon th'e aggregate prin- <br />cipal amount of bonds of each suchiseries then out- <br />standing, except that in the case;of prior redemption <br />of bonds for the purpose of refunding by 'issuance of <br />an additional series thereof, they!County',may desig <br />..nate:the series of bonds to be redeemed and retired,. <br />without regard to prior or subsequent series of <br />bonds which may then be outstanding; and' <br />11-4 <br />
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