Ordinance No. 19780 - Laserfiche WebLink

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the revenues or other monies or obligations so pledged and thereafter received by the Board shall immediately be subject to the lien of such pledge without any physical delivery or further act. f. Without limiting the powers extended to the Eugene Water & Electric Board to determine terms and conditions of the bonds and other evidences of indebtedness in addition to and not in conflict herewith, the Board is authorized, in its discretion, and to the extent permitted by law, to provide in connection with the authorization of any issue of such bonds, that such bonds and the interest thereon may be payable, collectible or registerable at any place or places within or without the state of Oregon; that such bonds may be redeemable, either at the option of the Board, or by the operation of any sinking fund provided far the issue, at such time or times and at such price or prices as the Board may determine, whether or not involving a premium over the principal amount of such bonds, provided, however, that any such premium shall not exceed four percent ~4%~ of the principal amount of bands to be redeemed; for the appointment of such fiscal or paying agents, registrars, trustees, or other agencies, for any such issue of bonds, as the Board may determine, far the benefit and protection of the holders of such bonds; for the deposit of funds including bond proceeds with such agents or trustees far any lawful purpose for which such funds may be deposited; far the manner of disbursement of, and accounting for, bond proceeds; for the rights and remedies of the holders of such bonds; for the establishing and maintaining of special funds or accounts to insure the payment when due and payment of the principal of and interest on such bonds and for other purposes, from proceeds of the sale of bonds Ordinance - 4