Page 1 - ? + . ‘ a . . . ~ ~~ ANCE “Wow. (AVES. an a A ORDINANCE TO PROVIDE FOR THE ISSUANCE ; : OF 1,000,000 PRINCIPAL AMOUNT OF GEHERAL .” . OBLIGATION SECURED WARRANTS, SERIES 1969, — ihe OF THE CITY OF PRICHARD, ALABAIA . - t .BE IT ORDAINED; by; the City Council of the City 3 ;, as; follows:5 , 2, Fost YF : Section:1: and Use of Phrases. ‘ a ” pefinitions caw wet (a)- Definitions. “Phe following words and phrases, Oy ain the absence of clear implication herein otherwise, shall : be given the following respective interpretations where used ‘ in this ordinense: oa ° ."Raditional Parity Securities” means any securi- 4ssuance be author- ~ ties which the City may avethe time of ized to-issue and for the payment of the principal of and ‘ anterest on which the Gross Receipts Tax may be pledged un- ‘ der the reserved right so to do contained in and in accord- . ance with the provisions, of Section 9 hereof., i , be . ” eo * wh “ 1 . oe ‘ \ . means the tated maturity . , .° “pnnual Debt Service Re uirement" -amount_of principal and inverest, having a & . during a, Fiseal Year. cot t Me . . ooo ane * wot t “Callable Warrants" means those of the Warrants having stated maturiczes in 1980 and chereatter. Called Warrant” means a Callable Warrant that suant to the provisions . thas been called for redemption pur ‘of Section 5(a) hereof. . city" .“means the municipal corporation of Prichard n. the State of Alabama and. includes its successors and as-, uetens.and. any municipal corporation resulting from or surviv- Sing anys consolidation ‘or merger to which it or its successors n aa party. ann : a city clerk of the City. a ree ae * . city Treasurer": means the city treasurer of the Me ea aw. “es | ar oa rning body of the City as or 4 yor. : ‘Gauncil" means the-gove from, time to tame constituted.” z z = = BS - Pa = : Fa Ps s- = Eo foe $F E = r x 5 Yr PS 2 z ~ x by * Pa 4 = « cee nae gs J = = =