Ordinance Bill No 1990-11, Ordinance 2076

CLPU/20/6329

A BILL FOR AN ORDINANCE OF THE CITY OF LEBANON, LINN COUNTY, OREGON, AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF $4,508,869.95 AGGREGATE PRINCIPAL AMOUNT OF WASTEWATER REVENUE BONDS, SERIES 1990 TO SEATTLE-NORTHWEST SECURITIES CORPORATION; DESCRIBING THE BONDS; PROVIDING FOR THE DEPOSIT OF AND DISPOSITION OF REVENUE; CREATING A RESERVE ACCOUNT; PROVIDING FOR ADDITIONAL BONDS; RETAINING AN INDEPENDENT EXPERT; PROVIDING CERTAIN COVENANTS WITH RESPECT TO FEDERAL TAX LAW; SPECIFYING A PLAN AS TO THE SUFFICIENCY OF THE NET REVENUES OF THE WASTEWATER SYSTEM AND FACILITIES; AND PROVIDING FOR OTHER MATTERS ROPERLY RELATING TO THE WASTEWATER REVENUE BONDS; AND DECLARING AN EMERGENCY