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Resolutions - Jersey City

Resolutions - Jersey City

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EXHIBIT A(Form ofBond)No GI-1$2,000,ÕOOOF AMERICASTATE OF NEW JERSEYCOUNTY OF HUDSONUNITED STATESCITY OF JERSEY CITYQUALIFIED GENERAL IMPROVEMENT BOND(Qualified Pursuant to the Provisions of the Municipal Qualifed Bond Act,P.L. 1976, c.38, as amended)DATE OF ORIGINAL ISSUE: September (~, 2009CITY OF JERSEY CITY, in the County of Hudson, New <strong>Jersey</strong> (the "<strong>City</strong>") herebyacknowledges itself indebted and for value received hereby promises to pay to THE HUDSONCOUNTY IMPROVEMENT AUTHORITY (the "Improvement Authority") c/o The Bank ofNew York Mellon (the "Trustee") the following principal amounts on the dates set forth in thetable below:Year Principal Amount Year Principal Amount2010 $162,000 2015 $203,0002011 170,000 2016 212,0002012 178,000 2017 222,0002013 186,000 2018 232,0002014 194,000 2019 241,000and to pay interest on such principal amounts from the DATE. OF ORIGINAL ISSUE of thisBond until payment in full at the interest rates per annum communicated to it from time to timeby the Trustee. Such interest rates shall be calculated from time to time by the Administrator ofthe Essential Purpose Pooled Governmental Loan Program of the Improvement Authority or bythe Trustee, as appropriate, in accordance with the provisions of Section 603 of the AuthorityResolution, as such term is hereinafter defined, and shall be the interest rate necessary to collectan amount which is sufficient to pay the proportionate share (as defined in the AuthorityResolution) of interest on the Improvement Authority's "Essential Purpose Pooled GovernentalLoan Program Bonds, Series 1986", dated July 15, 1986 (the "Program Bonds") (includinginterest at the "Bank Rate", as applicable, as calculated in accordance with the provisions of aLetter of Credit and Reimbursement Agreement (as such terms are referred to in the AuthorityResolution or in the Letter of Credit and Reimbursement Agreement)) and issued pursuant to theterms of a resolution of the Improvement Authority, duly adopted July 15, 1986, erititled,"Resolution Authorizing the Issuance of Essential Purose Pooled Governental Loan ProgramBonds of The Hudson County Improvement Authority", as amended and supplemented (the"Authority Resolution"), to pay a proportionate share of Program Costs (as defined in the

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