4/24/12 - Barnegat Township School District

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Section 8. The Refunding Bond shall be a direct obligation of the District, and the full faith and credit of the Board and the District is hereby pledged for the payment of the principal, redemption premium, if any, and interest on the Refunding Bond. Pursuant to N.J.S.A. 18A:18A-4.6(c)(3), the principal, redemption premium, if any, and interest on the Refunding Bond may be paid from appropriations for utility services in the annual budget of the Board. Section 9. The Term Sheet with respect to the Refunding Bond (the “Term Sheet”), substantially in the form attached hereto as Exhibit B, is hereby approved and accepted, subject to such completions, changes and corrections as are deemed necessary or appropriate by the Business Administrator or the Board President or Vice President after consultation with the Board’s counsel and/or bond counsel, his, her or their execution thereof to be conclusive evidence of such acceptance and approval. The Board President, Vice President and/or the Business Administrator are each hereby authorized, empowered and directed to execute and deliver said term Sheet on behalf of the Board. The Refunding Bond shall be sold to the Initial Purchaser upon the terms set forth in the Term Sheet. Section 11. The Board President or Vice President and the Business Administrator of the Board are hereby designated, authorized and directed to perform or determine any other matters or details relating to the Refunding Bond. The Board President or Vice President and the Business Administrator of the Board each shall be and is hereby authorized and directed to execute and deliver, for and on behalf of the Board, any and all instruments, affidavits, certificates, documents, Internal Revenue Service forms or other papers, and to do and to perform or cause to be done any and all acts as they may deem necessary or appropriate in order to implement the issuance, execution and delivery of the Refunding Bond and the matters herein. The Business Administrator is hereby authorized to pay out of the proceeds of the Refunding Bond the costs of issuance therefor. The Board President or Vice President and the Business Administrator of the Board are each hereby designated, authorized and directed to perform or determine any other matters or details relating to the Refunding Bond. Section 12. This resolution shall take effect immediately. Barnegat Township Board of Education Meeting April 24, 2012 18
CERTIFICATE I, Dean Allison, Secretary of the Board of Education of the Township of Barnegat, in the County of Ocean, State of New Jersey, HEREBY CERTIFY that the foregoing is a true and compared copy of an original resolution now on file and of record in my office which was duly adopted at a meeting of the Board of Education of the Township of Barnegat, on the 24th day of April, 2012. I DO HEREBY CERTIFY that said Board consists of _______ (__) members and that __ members thereof were present and said members voted affirmatively for the meeting and that __ members voted affirmatively for the adoption of said resolution. IN WITNESS WHEREOF, I have hereunto set my hand and seal of said Board this __ day of ____________, 2012. Dean Allison, Board Secretary Barnegat Township Board of Education Meeting April 24, 2012 19
Page 1 and 2: Barnegat Township School District B
Page 3 and 4: Ms. Wood: For the Minutes of the Bo
Page 5 and 6: the 2012 New Jersey Youth Jefferson
Page 7 and 8: this current body. There is a lot g
Page 9 and 10: Mr. Mureo: Your pie chart falls sho
Page 11 and 12: Mr. Adorno: Second Mr. Adorno Mr. C
Page 13 and 14: NAME Karen Wood N. Kappler B. Quick
Page 15 and 16: 13. Motion to approve the following
Page 17: the records kept by the Board. Such
Page 21 and 22: Upon the surrender of this Refundin
Page 23 and 24: IN WITNESS WHEREOF, the Board of Ed
Page 25 and 26: ASSIGNMENT For value received the u
Page 27 and 28: a. Interest rate certainty in a ris
Page 29 and 30: SUMMARY OF TERMS AND CONDITIONS TAX
Page 31 and 32: C. Experience in New Jersey Bank of
Page 33 and 34: Total Project Costs 4,135,000.00 Re
Page 35 and 36: WHEREAS, in connection with the sal
Page 37 and 38: (B) Any Refunding Bond subject to r
Page 39 and 40: the Refunding Bonds not to be exclu
Page 41 and 42: CERTIFICATE I, Dean Allison, Secret
Page 43 and 44: and to pay interest thereon semi-an
Page 45 and 46: provision, statute or rule of law,
Page 47 and 48: Exhibit B (Form of Continuing Discl
Page 49 and 50: the audited financial statements sh
Page 51 and 52: in law, or change in the identity,
Page 53 and 54: EXHIBIT A TO DISCLOSURE CERTIFICATE
Page 55 and 56: ESCROW DEPOSIT AGREEMENT THIS ESCRO
Page 57 and 58: SECTION 3. APPOINTMENT OF ESCROW AG
Page 59 and 60: SECTION 8. REDEMPTION OF THE REFUND
Page 61 and 62: nature. Notwithstanding any provisi
Page 63 and 64: (d) This Agreement may be executed
Page 65 and 66: EXHIBIT A TO ESCROW DEPOSIT AGREEME
Page 67 and 68: EXHIBIT C TO ESCROW DEPOSIT AGREEME
Page 69 and 70:
IMPORTANT: Under Federal law, indiv
Page 71 and 72:
EXHIBIT F TO ESCROW DEPOSIT AGREEME
Page 73 and 74:
Underwriter is acting solely in the
Page 75 and 76:
(f) this Purchase Contract when dul
Page 77 and 78:
operations or the financial conditi
Page 79 and 80:
(5) an executed copy of the Disclos
Page 81 and 82:
administrative regulation, consent
Page 83 and 84:
advertising expenses in connection
Page 85 and 86:
THE BOARD OF EDUCATION OF THE TOWNS
Page 87 and 88:
PERSONNEL COMMITTEE - MOTIONS: Mrs.
Page 89 and 90:
e. Jessica Bourdy - substitute teac
Page 91 and 92:
1. Ciaurro, MaryAnn 3. Nanashko, Lu
Page 93 and 94:
22. Blasi, Richard 68. De Bari, Ker
Page 95 and 96:
2. Delaporte, George - Principal 3.
Page 97 and 98:
Township of Barnegat in the County
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4/24/12 - Barnegat Township School District

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