AG 2016 02 15 - Laserfiche WebLink

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(2) a Deed of Trust, Security Agreement and Fixture Filing (the "Deed of Trust "), proposed to be dated on or about March 1, 2016, among the County as Grantor, the Corporation (or such one or more third parties) as Beneficiary and the trustee named therein, by which the County would secure its obligations to the Corporation (or such one or more third parties) under the Contract(s); (3) an Indenture of Trust, proposed to be dated on or about March 1, 2016 (the "Trust Indenture "), between the Corporation and the trustee named therein, as trustee (the "Trustee "), pursuant to which there may be executed and delivered from time to time Certificates of Participation and /or Limited Obligation Bonds, including, without limitation, the Limited Obligation Bonds (County of Cabarrus, North Carolina Installment Financing Contract), Series 2016 (collectively, the "Certificates and /or Bonds "), the proceeds of which will be used to advance the moneys to the County under the Contract(s); and (4) a Preliminary Official Statement to be dated on or about March 4, 2016 (the "Preliminary Official Statement ") which, as supplemented with certain pricing and other permitted omitted information, is to be the Official Statement expected to be dated on or about March 10, 2016 (the "Official Statement "), pursuant to which the 2016 Limited Obligation Bonds would be offered and sold to the public to the extent that all or any portion of the 2016 Limited Obligation Bonds are publicly offered and sold; WHEREAS, the obligations of the County to make Installment Payments and other payments pursuant to the Contract(s) shall constitute limited obligations of the County payable solely from currently budgeted appropriations of the County and shall not constitute a pledge of the faith and credit of the County within the meaning of any constitutional debt limitation; 3 Attachment number 1 \n G -4 Page 126