HomeMy WebLinkAbout1989-OR-03ORDINANCE NO. 8~-OR-~
ORDINANCE CONSENTING TO CERTAIN ACTIONS
APPLICABLE TO THE CITY OF JEFFERSONVILLE,
INDIANA, ECONOMIC DEVELOPMENT MORTGAGE REVENUE
BOND (RIVERVIEW HOTEL, INC., PROJECT)
WHEREAS, the City of Jeffersonville, Indiana ("City") , has
heretofore adopted Ordinance No. 82-OR-32 on October 4, 1982,
Indiana,
authorlzl g the issuance of the City of jeffersonville,
Economic Development Mortgage Revenue Bonds (Riverview Hotel,
Inc., Project) and the entering into an Amended Mortgage and Trust
Indenture dated as of October 28, 1982, among the City, Riverview
Hotel, Inc. ("Company"), and Citizens Bank and Trust Company, as
Trustee, n/k/a CommerceAmerica Banking Company; and ~
WHEREAS, the Company wishes to amend the Amended Mortgage and
Trust Indenture to provide for the sale of the Project on Real
Estate Contract. .
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCI~ OF THE
CITY OF JEFFERSONVILLE, INDIANA, AS FOLLOWS:
Section I. The City approves the Amendment to the Amended
Mortgage and Trust Indenture attached hereto.
Section 2. The Mayor and the Clerk-Treasurer are hereby
authorized and directed in the name of and on behalf of the City
to execute any and all instruments, perform any and all acts,
approve any and all matters, and do any and all things deemed by
them, or any of them, to be necessary or desirable in order to
carry out the purpose of this Ordinance.
Section 3. This ordinance shall be in full force and effect
from and after its adoption and approval as provided by law.
This Ordinance is adopted by the City of jeffersonville,
Indiana, on the ~/._ day of ~, ., 1989.
ATTEST:
COMMON COUNCIL OF THE CITY OF
jEFFERSONVILLE, INDIANA
By: ~ ~]' / President
ATTEST:
Clerk and Treasurer