IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
A RESOLUTION approving the execution and delivery of Supplemental Trust Indenture No. 1 (the "Supplemental Indenture") to the Trust Indenture dated as of August 1, 2006, between Jackson County, Missouri (the "County"), and Wells Fargo Bank, N.A., as trustee (the "Trustee"), which secures $447,240,000 original principal amount of Jackson County, Missouri, Special Obligation Bonds (Harry S Truman Sports Complex Project) Series 2006, and authorizing certain other actions in connection with the execution and delivery of the Supplemental Indenture.
Intro
RESOLUTION #16802, January 20, 2009
INTRODUCED BY Scott Burnett, County Legislator
Body
WHEREAS, the County operates pursuant to its county charter (the "County Charter"), and is a political subdivision of the State of Missouri, duly created, organized, and existing under and by virtue of the Constitution and laws of the State of Missouri; and
WHEREAS, the County and the Trustee have executed and entered into a Trust Indenture dated as of August 1, 2006 (the "Original Indenture"), for the purpose of issuing and securing $447,240,000 principal amount of Jackson County, Missouri, Special Obligation Bonds (Harry S. Truman Sports Complex Project) Series 2006 (the "Bonds"), for the purpose of providing funds for capital improvements and to provide that the principal of and interest on such special obligation bonds be payable solely from the revenues derived from annual appropriations by the Legislature and other sources as provided in the Original Indenture; and,
WHEREAS, the County desires to execute and deliver the Supplemental Indenture for the purpose of amending and supplementing the Original Indenture to correct certain ambiguities and omissions therein; and,
WHEREAS, it is hereby found and determined that it is necessary and advisable and in the best interest of the County and of its inhabitants that such amendments and supplements be made to...
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