Resolution No. 4704 - Laserfiche WebLink

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the Security Payments therefor, and to paying the Additional Charges. The issuance of this Bond and the participation by the City in the Program does not obligate or authorize the City to pay any portion of another government's pension bonds, obligations under the Program, or liabilities to OPERS. This Bond is a legal, valid and binding limited tax bond of the City which is enforceable against the City in accordance with its terms. The City's full faith and credit and taxing power within the limitations of Sections 11 and 11 b of Article XI of the Oregon Constitution are pledged for the punctual payment of the principal of and interest on this Bond. The City has covenanted to pay this Bond from its "Available General Funds" as defined in the Bond Declaration. The City is not authorized to levy any additional taxes to pay this Bond. This Bond does not constitute a debt or indebtedness of Lane County, the State of Oregon, or any political subdivision thereof other than the City. provisions] . The principal components of the Bond Payments are subject to prepayment [insert prepayment To prepay principal components of the Bond Payments the City must notify the Program Trustee in writing not less than 50 days prior to the prepayment date, and must deposit with the Program Trustee an amount sufficient to pay all principal which is to be prepaid, plus accrued interest to the prepayment date, not less than 45 days before the prepayment date. The Bond may not be transferred to any person other than a successor Program Trustee. IT IS HEREBY CERTIFIED, RECITED, AND DECLARED that all conditions, acts, and things required to exist, to happen, and to be performed precedent to and in the issuance of this Bond have existed, have happened, and have been performed in due time, form, and manner as required by the Constitution and Statutes of the State of Oregon and the charter of the City and that the issue of which this Bond is a part, and all other obligations of the City, are within every debt limitation and other limit prescribed by such Constitution and Statutes and City Charter. IN WITNESS WHEREOF, the City Council of City, Oregon, has caused this Bond to be signed by the manual signature of its City Official, all as of the date first above written. City of Eugene, Oregon City Official Form of Bond (Appendix A to Bond Declaration) Page 2 N:\ANAL YSIS\SUE\Debt\pension bond declaration. doc 2/5/2