1990 RES R-07-90 - Laserfiche WebLink

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unsecured corporate debt of which is rated, at the time of investment, "A1" or higher by the Rating Agency; (vii) Guaranteed investment contracts or similar funding agreements issued by insurance companies, the claims paying ability of which, at the time of investment, is rated "A1" or higher by the Rating Agency; (viii) Corporate commercial paper rated "P-1" or better by the Rating Agency at the time of investment; (ix) Taxable government money market portfolios restricted to obligations with maturities of one year or less issued by, or the payment of principal and interest with respect to which is guaranteed by, the United States of America; provided that such obligations shall not be acquired unless the Fiscal Agent is furnished with an opinion in a form acceptable to the Fiscal Agent which states, without material qualification or limitation, that upon acquiring such obligation the Fiscal Agent shall obtain a first perfected security interest in the collateral to such obligation, enforceable notwithstanding the insolvency of or the appointment of a receiver for the collateral provider; and (x) The Local Agency Investment Fund established pursuant to Section 16429.1 of the Government Code of the State of California, as permitted by law, provided, however, that such moneys so invested shall remain in the name and to the credit of the Fiscal Agent. "Leqislative Bodv" means the City Council of the City of Colton. "Outstandina Bonds" means all Serial and Term Bonds theretofore issued by the Community Facilities District, except: (1) Bonds theretofore cancelled or surrendered for cancellation in accordance with Section 8.03 hereof; (2) Bonds for payment or redemption of which monies shall have been theretofore deposited in trust (whether upon or prior to the maturity or the redemption date of such Bonds) pursuant to Section 8.10 hereof, provided that, if such Bonds are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as provided in this Resolution or any applicable resolution supplemental hereto; and Q�