03-1460 Infrastructure Bonds - Laserfiche WebLink

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"Bond Counsel" shall meall Nabors, Giblin & Nickerson, P.A. or allY other attorney at law or firm of attorneys, of nationally recognized standing in matters pertaining to the federal tax exemption of interest on obligations issued by states alld political subdivisions, and duly admitted to practice law before the highest comi of any state of the United States of America. "Bondholder" or "Holder" or "holder" or allY similar tenn, when used witll reference to a Bond or Bonds, shall mean any person who shall be the registered owner of any Outstallding Bond or Bonds as provided in the registration books ofthe Issuer. "Bond Insurance Policy" shall mean the municipal bond insurance policy or policies issued by an Insurer guarallteeing the payment of the principal of and interest on any portion of the Bonds. "Bond Year" shall meall the period cOlllinencing on alld ending on the dates specified by Supplemental Resolutions of the Issuer. "Bond" or "Bonds" shall meall the Series 2003 Note, together w~th any Additional Bonds issued pursuant to this Resolution and any Subordinated Indebtedness which accedes to the status of Bonds pursuant to Section 6.03 hereof. "Business Day" shall meall any day other thall a Saturday, Sunday or a day on which banking institutions within the State or the City are authorized by law to remain closed. "City" shall mean the City of Casselberry, Florida, or al1Y successor thereto. "City Commission" shall mean the City Commission of the City, or its successor 111 function. "Clerk" shall meal1 the City Clerk of the City and such other person as may be duly authorized to act on his or her behalf. "Code" shall mean the Internal Revenue Code of 1986, as amended, and the regulations and rules thereunder in effect or proposed. "Construction Fund" shall meall the City of Casselberry, Florida Infrastructure Sales Surtax Revenue Bond Fund established pursuant to Section 4.03 hereof. "Cost" or "Costs" when used in cOlmection with a Project, shan mean (I) the Issuer's cost of physical construction; (2) costs of acquisition by or for the Issuer of such Project; (3) costs ofland alld interests therein and the cost of the Issuer incidental to such acquisition; (4) the cost of any indemnity and surety bonds alld premiums for insurance during construction; (5) all interest due to be paid on the Bonds and other obligations relating to the Project during, and if advisable by the Issuer, for up to one (I) year after the end of, the construction period of such Project; (6) engineering, legal and other consultant fees and expenses; (7) costs and expenses of the financing incurred during, 5