Examples of 2016A Bonds in a sentence
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A special fund of the Port designated the “Port of Seattle Revenue Bond Fund, Series 2016A” (the “Series 2016A Bond Fund”) is hereby authorized to be created in the office of the Treasurer for the purpose of paying and securing the payment of the Series 2016A Bonds.
If any Series 2016ABonds and/or Series 2016B Bonds to be redeemed (optional or mandatory) then are held in book entry only form, the selection of such Series 2016A Bonds and/or Series 2016B Bonds to be redeemed within a maturity shall be made in accordance with the operational arrangements then in effect at DTC (or at a substitute depository, if applicable).
The 2016A Bonds are repaid by assessments levied against the lots within the District that benefit from the Facilities (“2016A Assessments”).
The Series 2016A Bond Fund shall be held separate and apart from all other funds and accounts of the Port and shall be a trust fund for the owners of the Series 2016A Bonds.The Series 2016A Bonds shall be obligations only of the Series 2016A Bond Fund and Common Reserve Fund and shall be payable and secured as provided herein.