HomeMy WebLinkAbout1993 01_OPGA_Authorizing Issuance_Execution_Delivery of the OPGA Revenue Note_1993.06.22
OWASSO PUBLIC GOLF AUTHORI'l'Y
RESOLUTION NUMBER
A RESOLUTION OF 'l'UE OWASSO PUBLIC GOLF
AU'l'HORITY AUTHOlUZING THE ISSUANCE, EXECUTION
AND DELIVEHY OF 'l'HE OWASSO PUBLIC GOLF
AU'rIIOHI'rY REVI":NUE ANTICIPATION NO'l'E IN AN
AMOUN'l' NO'I' '1'0 EXCEED FOUR HUNDRED 'l'HOUSAND
DOLLARS ($400,000.00), TO THE CITY OF OWASSO,
OKLAHOMA, APPROVING THE AGREEMENT, FORM
REVENUE AN'l'ICIPATION NOTE AND O'l'HER DOCUMEN'l'S
AND AGREEMEN'I'S AS MAY BE NECI'~SSARY OR
REQUIRED; AND CONTAINING O'I'HER PROVISIONS
RELATING THEHE'l'O
WHEHf:AS, the OwaS~30 Pub! jc Gol f Au thor] ty was creat~ed by a
Declaration of Trust, dated as of August 8, 1989, as amended by
Amendment to Declaration of Trust, dated as of January 6, 1992
(collectively the "rrrust Indenture") for the use and benefit of the
City of Owa~:;so, Oklahoma (the "Cit.y") under authority of and
pursuant to the provision of Title 60 O.S. 1981, S(:;ct~ion 176 to
]80.3 inclusive as amended and supplemented and other applicable
sLaLutes of the StaLe of Oklahoma; and,
WIU':REAS, the AuLh(Jrity has determined t~hat it would be most
advantageous at this time for the Authority to provide funds for
the financing of the completion of the construction and equipping
of Lhe AuLhority's eighteen hole golf course located in the City;
ancl,
Aq
of
thc~
WHEREAS,
and
there has been presented to this meeting a form of
Revenue Anticipation Note, dated as of the day
1993, by and between the Author ty and
sso, Oklahoma (the "Note").
NOW, THEREFORE, BE IT RESOLVlm BY THE 'I'RUSTEES OF ,]'HE OWASSO
PUBLIC GOLF A~rHORITY THAT, TO~WIT:
SECTION ONE. The Agreement and form of the Note presented to
this meeting be, and hereby is, approved, and the Chairman or Vice-
Chairman of the Trustees and the Secretary or any Assistant
Secretary of Trustees of the Authority be, and hereby are,
authorI7,ecl, djrecl,~d, dnd emlJOWeI'ecl to c;xecuLe ancl deliver in the
name of the Authority the Agreement Note in said form and
conta j,ninq the term~} alld prov i~) ion,; con ta ined j. n said Note, the
execution thereof by such officers being conclusive evidence of
,,)!lch (l.pproval, and to exc:cut~e and deliver in the name of and on
behalf of the Authority all documents, closing papers, certificates
dnC! :)tJc:h othET documents a,:; are nec(~ssary to accompli,::;h the
issuance of the Revenue Anticipatiou Note.
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SECTION TWO. The signatures of the officers of the Authority
appearing on the Agreement and the Note and other documents and
agreements, closing papers and certificates executed and delivered
pur~)uant t~o thi,) resolution shall be conclusive evidence of t.heir
approval thereof and of their authority to execute and deliver such
agreements and documents on behalf of the Authority.
SJ:;CTION THREE. 'I'he Chairman or Vice Chairman of t.he Trustees
and the Secretary or any Assistant Secretary of the Trustees of the
Authority be, and they hereby are, authorized and empowered for and
on behalf of the Authority to execute and deliver such further
agreements and documents and to take such action as such officer
or officers may deem necessary or desireable in order to carry out
and perform the Note and any contracts, documents, or instruments
executed and delivered in connection with the issuance of the Note,
and to effect the purposes thereof and to consummate the
transactions contemplated thereby.
PASSED AND APPROVED this
1993.
day of
OWASSO PUBLIC GOLF AUTHORITY
By:
A '[lYrE S'1' :
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