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File #: O-258-16    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 7/25/2016 In control: Budget Committee
On agenda: 8/11/2016 Final action: 8/11/2016
Title: AN ORDINANCE OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, PROVIDING FOR AND AUTHORIZING THE ISSUANCE OF CERTAIN GENERAL OBLIGATION BONDS OF THE METRO GOVERNMENT IN ONE OR MORE SERIES TO FINANCE THE COSTS OF THE PUBLIC PROJECTS AS DESCRIBED THEREIN; SETTING FORTH THE TERMS AND CONDITIONS ON WHICH THE BONDS ARE TO BE ISSUED AND PROVIDING FOR A COMPETITIVE, ADVERTISED SALE THEREOF; DEFINING AND PROVIDING FOR THE RIGHTS OF THE HOLDERS OF THE BONDS AND PROVIDING FOR THE APPLICATION OF THE PROCEEDS THEREOF; AND TAKING OTHER RELATED ACTION RELATING TO THE ISSUANCE AND SALE OF THE BONDS.
Sponsors: Angela Leet (R-7)
Attachments: 1. O-258-16 ATTACH EXHIBITS GENERAL OBLIGATION BOND PUBLIC PROJECTS, 2. ORD 137 2016 PART 1, 3. ORD 137 2016 PART 2





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LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT


BOND ORDINANCE

Authorizing and Securing

Louisville/Jefferson County Metro Government
General Obligation Bonds, Series 2016A












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TABLE OF CONTENTS
ARTICLE 1 INTRODUCTION AND DEFINITIONS|910|Section 1.1. Incorporation of Preambles Into Bond Ordinance; Determinations of Fact|910|ARTICLE 2 AUTHORIZATION OF BONDS 9
Section 2.1. Authorization and Approval of Documents 9
Section 2.2. Approval of Use of Proceeds and Authorization for the Bonds; Designation of Bond Counsel and Financial Advisor; Ratification of Official Intent 9
Section 2.3. Designation of Bonds 10
ARTICLE 3 THE BONDS 10
Section 3.1. Term, Form and Execution of Bonds 10
Section 3.2. General Obligation and Liability of Issuer; Tax Levy and Pledge 11
Section 3.3. Appointment of Bond Registrar and Paying Agent 12
Section 3.4. Procedures in Respect of Registration and Transfer of Bonds; Payment of Principal and Interest 12
Section 3.5. Authentication of Bonds 13
Section 3.6. Loss, Theft. Destruction or Mutilation of Bonds 14
Section 3.7. Optional Redemption 14
Section 3.8. Mandatory Sinking Fund Redemption 14
Section 3.9. Notice of Redemption 15
Section 3.10. Securities Depository; Ownership of Bonds 16
ARTICLE 4 SALE AND DELIVERY OF BONDS 17
Section 4.2. Provisions Relating to Issuance and Delivery of the Bonds 18
ARTICLE 5 APPLICATION OF BOND PROCEEDS; SECURITY FOR BONDS; FUNDS AND ACCOUNTS 19
Section 5.1. Deposit and Application of Bond Proceeds 19
Section 5.2. Pledge of Proceeds of Bonds on Deposit in Project Fund 19
Section 5.3. Pledge of Pledged Receipts 19
Section 5.4. Cost of Issuance Account 19
Section 5.5. Bond Fund 20
Section 5.6...

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