HomeMy WebLinkAbout93-026
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RESOI.UTION NO. 93-26
A RESOLUTION OF' THE BOARD OF SUPERVISORS
OF MOHAVE COUNTY, ARIZONA, APPLICABLE TO THE INDUSTRIAL
DEVELOPMENT AUTHORITY OF THE COUNTY OF MOHAVE, ARIZONA
HOSPITAL SYSTEM REVENUE REFUNDING BONDS
(MEDICAL ENVIRONMENTS, INC. AND
PHOENIX BAPTIST HOSPITAL AND MEDICAL CENTER, INC.)
WHEREAS, the Industrial Development Authority of the County
of Mohave (the "Authority") pursuant to the Industrial
Development Financing Act~, Title 35, Chapter 5, Arizona Revised
Statutes, as amended (the "Act.") is authorized to issue bonds and
to use the proceeds thereof to provide monies to aid in
refinancing the acquisition, construction, and equipping of one
or more health care institutions; and
WHEREAS, the Authorit:y intends to issue
Hospital System Revenue Refunding Bonds (Medical
Inc, and Phoenix Baptist Hospital and Medical
Ser ies 1993 (the "Bonds") in an aggregate amount
$62,000,000 for the purpose specified above; and
and sell its
Environments,
Center, Inc. )
not to exceed
WHEREAS , it is int'ended that t.his Resolution shall
constitute approval by t.hE::' Board of Supervisors pursuant to
Section 35-721.B of the Act and for any necessary purposes under
the Internal Revenue Code of 1986 (the "Code"); and
NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors
of Mohave County, Arizona, as follows:
1. The issuance by the Authority of the Bonds in the
aggregate principal amount, not to exceed $62,000,000
is approved for all purposes under the Act and the
Code; and
2. The appropriate officers of the Board of Supervisors
are hereby authorized and directed to do all such
things t~o executE! and deliver all such documents on
behalf of the County as may be necessary or desirable
to effectuate thE~ intent of this Resolution and the
Resolutions of the Authority i.n connection with the
Bonds.
PASSED, ADOPTED, AND APPROVED on January 19, 1993.
MOHAVP. I:OUt-ITY BOARD OF SUPERVISORS
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./ "- Sam Standerf , Chairman
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Board