1992 ORD O-29-92 - Laserfiche WebLink

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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 161 17 18 19 20 21 22 23 24 25 26 27 28 of such Refunding Bonds with respect to the San Joan 3 Project outstanding at an one time in accordance with their t -;ms shall be an amount equal to the sum of (i) $300,000,000, being the estimated maximum aggregate principal amount of Acquisition Bonds issued and to be issued for the financing of costs of acquisition of the Authority's rights and interest in the San Juan 3 Project, plus (ii) the principal amount of any additional Acquisition Bonds issued to complete the financing of costs of acquisition of the Aut-hority's rights and interest in the San Juan 3 Project, plus (iii) such additional amounts, if any, as are permitted by Section 6577 or Section 53580 et_seg. of the Government Cod(- of odaof lire Slate of California or other applicable law. Notwithstanding such estimated maximum aggregate principal amount, the Authority is hereby authorized to issue additional principal amounts of its Refundinq Bonds if and to the "xtgnt required to complete the financing of costs of acquisition of the .Authority's rights and interest, in the San Juan 3 Project. The procoolk from the sale of Refunding Bonds hereby autbruixed are to be used for the purpose of redeeming or retiring the Acquisition Bands, Refunding Bonds or other indebtedness Choretnforc issued with respect: to the San Juan 3 Project. The Bonds hereby authorized, and Premium and interest thereon, are to be payable from, and secured by, fiends held in trust: for the benefit of the holders of the Refunding Bonds and from revenues of t:he Authority with respect to the San Juan 3 Project, including payments received by the Authority from the San Juan 3 Project Participants under the San Juan 3 Project Power Salus Contracts. 3. This Ordinance is subject to the provisions for referendum prescriber) by Section 3751.7 of they Flections Code= of the State of California, as required by Section 6597 of the Joint Powers Act. Section 4050.1 of the tlectsons Code (if tl!e PIafcof Cal 1lornia requjrop that. this Ordinance be subject to the provisions for referendum: as provided therein.