Laserfiche WebLink
and are not available to satisfy any claim of the custodian, any <br />person claiming through the custodian, or any person to whom the <br />custodian may be obligated. The obligations described in this <br />paragraph are hereinafter called "United States Obligations." <br />1.2.31.2. Obligations issued or guaranteed by the <br />following instrumentalities or agencies of the United States of <br />America: <br />~a} Federal Home Loan Bank System; <br />fib} Export-Import Bank of the United States; <br />~c} Federal Financing Bank; <br />~d} Government National Mortgage Association; <br />fie} Farmers Home Administration; <br />~f} Federal Home Loan Mortgage Company; <br />fig} Federal Housing Administration; <br />~h} Private Export Funding Corp; and <br />~i} Federal National Mortgage Association. <br />1.2.31.3. Pre--refunded municipal obligations rated <br />"AAA" by Standard & Poor's Corporation ~"S&P"} and "Aaa" by <br />Moody's Investors Service ~"Moody's"} and meeting the following <br />conditions: <br />~a} the bonds are ~i} not to be redeemed prior to <br />maturity or the Trustee has been given irrevocable instructions <br />concerning their calling and redemption and iii} the Issuer has <br />covenanted not to redeem such bonds other than as set forth in <br />such instructions; <br />fib) the bonds are secured by cash or direct and general <br />obligations of the United States of America that may be applied <br />only to interest, principal, and premium payments of such bonds; <br />~c} the principal of and interest on such direct and <br />general obligations tplus any cash in the escrow fund} are <br />sufficient to meet the liabilities of th,e bonds; <br />~d} the United States Obligations serving as security <br />for the bonds are held by an escrow agent or trustee; and <br />fie} the United States Obligations are not available to <br />satisfy any other claims, including those against the trustee or <br />escrow agent. <br />Page 9 -- Ordinance <br />