Laserfiche WebLink
<br />"Act" shall mean Chapter 166, Florida Statutes, the City Charter of the City of Casselberry, <br />Florida and other applicable provisions oflaw. <br /> <br />"Additional Bonds" shall mean the obligations issued at any time under the provisions of <br />Section 6.02 hereof on a parity with the Series 2002 Bonds. <br /> <br />"Additional Project" shall mean any structure, property or facility which the Issuer from <br />time to time may determine to construct or acquire as part of the System, together with all <br />equipment, structures, facilities and other property necessary or appropriate in connection therewith <br />which are financed in whole or in part with the indebtedness secured by this Resolution. This term <br />is to be broadly construed as including any lawful undertaking which will accrue to the benefit of <br />the System, including, without limitation, joint ventures and acquisition of partial interests or <br />contractual rights, and including modification, disposal, replacement or cancellation of a Project <br />previously authorized, should such modification, disposal, replacement or cancellation be permitted <br />under this Resolution. <br /> <br />"Annual Audit" shall mean the annual audit prepared pursuant to the requirements of <br />Section 5.06 hereof. <br /> <br />"Annual Budget" shall mean the annual budget prepared pursuant to the requirements of <br />Section 5.03 hereof. <br /> <br />"Annual Debt Service" shall mean the aggregate amount of Debt Service on the Bonds for <br />each applicable Fiscal Year. <br /> <br />"Authorized Investments" shall mean any of the following, if and to the extent that the <br />same are at the time legal for investment of funds of the Issuer: <br /> <br />(1) Direct obligations of the United States of America and secuntles fully and <br />unconditionally guaranteed as to the timely payment of principal and interest by the United States <br />of America, provided, that the full faith and credit of the United States of America must be pledged <br />to any such direct obligation or guarantee ("Direct Obligations"). <br /> <br />(2) Direct obligations and fully guaranteed certificates of beneficial interest of the Export- <br />Import Bank of the United States; senior debt obligations of the Federal Home Loan Banks; <br />debentures of the Federal Housing Administration; guaranteed mortgage-backed bonds and <br />guaranteed pass-through obligations ofthe Government National Mortgage Association; guaranteed <br />Title XI financing of the U.S. Maritime Administration; mortgage-backed securities and senior debt <br />obligations ofthe Federal National Mortgage Association; participation certificates and senior debt <br />obligations of the Federal Home Loan Mortgage Corporation; and obligations of the Resolution <br />Funding Corporation (collectively, "Agency Obligations"). <br /> <br />2 <br />