HomeMy WebLinkAbout1982-475r i
San Bernardino
60,009-34-6
RESOLUTION NO. 82--475
A RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF
THE CITY OF SAN BERNARDINO, CALIFORNIA, APPROVING
A CERTAIN TRUST INDENTURE WHICH CREATES A TRUST
ESTATE AND MAKES CERTAIN PROVISIONS THEREFOR; AND
WHICH AUTHORIZES THE ISSUANCE OF ITS CITY OF SAN
BERNARDINO, CALIFORNIA, SCH HEALTH CARE SYSTEM
REVENUE BONDS (SISTERS OF CHARITY OF THE INCARNATE
WORD, HOUSTON, TEXAS), SERIES 1982B, FOR THE
PURPOSE OF PROVIDING FUNDS FOR THE ADDITIONS TO
AND IMPROVEMENTS OF ITS HOSPITAL, FACILITIES;
AND WHICH MAKES CERTAIN FINDINGS AND DETERMINA-
TIONS IN CONNECTION THEREWITH
(SISTERS OF CHARITY OF THE INCARNATE WORD, HOUSTON,
TEXAS, SOLE CORPORATE MEMBER OF ST. BERNARDINE
HOSPITAL OF SAN BERNARDINO)
WHEREAS, there has been filed with the City an
Application pursuant to the provisions of Ordinance
No. 3815, as amended, of said City, by Sisters of Charity of
the Incarnate Word, Houston, Texas, Sole Corporate Member of
St. Bernardine Hospital of San Bernardino, requesting the
issuance of revenue bonds which shall be issued in the
principal amount of not to exceed $29,900,000 for the purpose
of financing the cost and expense of additions to and improve-
ments of its hospital facilities as more particularly des-
cribed in said Application, and as supplemented by the
Oyficial Statement approved of even date herewith; and
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WHEREAS, the refinancing of certain outstanding
obligations of said Hospital has been accomplished in a
different manner and this financing represents additions
to and improvements of its hospital facilities; and
WHEREAS, the Mayor and Common Council must now
approve and authorize the execution of various documents and
a certain Trust Indenture between the City and Texas Commerce
Bank National Association, as Trustee.
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF
THE CITY OF SAN BERNARDINO DO HEREBY FIND, RESOLVE, DETER-
MINE AND ORDER AS FOLLOWS:
Section 1. The recitals set forth hereinabove are
true and correct in all respects.
Section 2. The Mayor and Common Council, acting
for and on behalf of the City of San Bernardino, hereby
approve the Trust Indenture referred to above, substantially
in the form attached hereto as "Exhibit A" and incorporated
herein by reference, with such corrections, changes, modi-
fications, additions or deletions as may be approved and
recommended by the City's Bond Counsel, James Warren Beebe,
A Law Corporation, to the Mayor, or, in his absence or
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disability the Mayor Pro Tem, and approved by him, his
execution thereof to be conclusive evidence of his approval;
and the Mayor, or, in his absence or disability the Mayor
Pro Tem, and City Clerk are hereby authorized and directed
to execute such final Trust Indenture when the same shall
have been prepared for execution, with the seal of the City
to be affixed thereto.
Section 3. The Mayor, or, in his absence or
disability the Mayor Pro Tem, City Clerk, Project Coordi-
nator and any other City official, officer or employee to
the extent necessary under the circumstances, are hereby
authorized to execute any and all documents as may be required
to consummate the transaction contemplated by the Trust
Indenture as attached hereto as "Exhibit A".
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San Bernardino
60,009-34-5
I HEREBY CERTIFY that the foregoing resolution was
duly adopted by the Mayor and Common Council of the City of
an adjourned
San Bernardino at acregular meeting thereof, held on the 22nd
day of November , 1982, by the following vote, to wit:
AYES:
Councilmen Castaneda, Reilly, ?•Darks,
Quiel, Hobbs, Strickler
NOES: None
ABSENT: Council Member Hernandez
ABSTAIN: None
City Clerk
The foregoing resolution is hereby approved this
a97;F, day of November 1982.
lfay-or-ot the City of San Bernardino
Approved as to form:
XX&O
0
City"Attorney
P
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