Sponsor
Alderman Spangenberg
Title
A Resolution authorizing the execution and delivery by the City of Racine, Wisconsin of a First Supplemental Indenture of Trust Relating to its Variable/Fixed Rate Demand Solid Waste Disposal Refunding Revenue Bonds (Republic Services, Inc. Project) Series 2004, along with related documents.
Whereas, pursuant to and in accordance with the provisions of an Indenture of Trust dated as of March 1, 2004 (the “Original Indenture”) between the City of Racine, Wisconsin (the “Issuer”) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), on April 1, 2004 the Issuer issued its Variable/Fixed Rate Demand Solid Waste Disposal Refunding Revenue Bonds (Republic Services, Inc. Project) Series 2004 in the aggregate principal amount of $20,000,000 (the “Bonds”); and
Whereas, at the request of Republic Services, Inc., the Issuer desires to make certain amendments to the Original Indenture; and
Whereas, the Original Indenture authorizes the execution and delivery of a supplemental indenture to make such amendments.
Now, Therefore, Be It Resolved by the City of Racine, Wisconsin as follows:
Section 1. Authorization of Execution and Delivery of Supplemental Indenture. The Issuer does hereby authorize and approve the execution by the Mayor of the Issuer and the delivery of a First Supplemental Indenture of Trust (the “First Supplemental Indenture”) between the Issuer and the Trustee, supplementing and amending the Original Indenture, and the Clerk of the Issuer is hereby authorized to attest to, and affix the official seal of the Issuer thereto. The First Supplemental Indenture shall be in substantially the form thereof attached hereto and marked “Exhibit A” and hereby approved, with such changes therein as shall be approved by the officers executing the same, with such execution to constitute conclusive evidence of such officers’ approval and the Issuer’s approval of any changes therein from the form of First Supplemental...
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