Bond Resolution/Ordinance
The formal authorization to issue the bonds, adopted by the governing body of the issuer.
A term referring to the order of priority of the receipt, deposit, transfer and application of revenues in the funds and accounts created in an Indenture or a Bond Resolution and may also refer to a document prepared by an Underwriter or Municipal Advisor to show the sources and deposits at the Closing.
The formal authorization to issue the bonds, adopted by the governing body of the issuer.
Provisions in a bond that permit or require an issuer to prepay or redeem bonds before the stated maturity date. Such provisions are found in an Indenture or the bond resolution under “redemption.”