ORDINANCE NO. ___, SERIES 2014
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AN ORDINANCE APPROVING THE ISSUANCE BY THE LOUISVILLE AND JEFFERSON COUNTY VISITORS AND CONVENTION COMMISSION OF ITS SENIOR SUBORDINATED BOND ANTICIPATION NOTE, SERIES 2014 TO REFUND ITS OUTSTANDING SERIES 2004A BONDS; AND TAKING OTHER RELATED ACTION.
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SPONSORED BY: Jim King, President
WHEREAS, the Louisville and Jefferson County Visitors and Convention Commission (the "Commission") is a body corporate and politic and a political subdivision of the Commonwealth of Kentucky created under KRS 91A.370; and
WHEREAS, pursuant to the Master Indenture of Trust dated as of January 1, 2004 (the "Master Indenture") between the Commission and J.P. Morgan Trust Company, National Association, as trustee (the "Original Trustee"), as supplemented by the First Supplemental Trust Indenture of even date therewith by and between the Commission and the Original Trustee, the Commission issued its Louisville and Jefferson County Visitors and Convention Commission Dedicated Tax Revenue Refunding Bonds (Kentucky International Convention Center Expansion Project), Fixed Rate Series 2004A (the "Series 2004A Bonds"). The Series 2004A Bonds were issued in the original principal amount of $39,000,000 and are outstanding as of the date hereof in the principal amount of $11,450,000;
WHEREAS, pursuant to the Master Indenture, as supplemented by the Second Supplemental Trust Indenture of even date therewith by and between the Commission and the Original Trustee, the Commission issued its Louisville and Jefferson County Visitors and Convention Commission Dedicated Tax Revenue Refunding Bonds (Kentucky International Convention Center Expansion Project), Variable Rate Series 2004B (the "Series 2004B Bonds" and, together with the Series 2004A Bonds, the "Series 2004 Bonds"). The Series 2004B Bonds were issued in the original principal amount of $15,175,000 and are outstanding as of the date hereof ...
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