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Show NOTICE OF BONDS TO BE ISSUED UINTAH COUNTY. UTAH S3, 500, 000 Subordinated Subor-dinated Revenue Bonds Hospital Corporation Cor-poration of America Project) Series 1982 Notice is hereby given that tie Uintah County Commission proposes to issue and sell to Lehman Brothers Kuhn Loeb Incorporated In-corporated $3,500,000 in aggregate principal amount of Uintah County, Utah Subordinated Revenue Bonds (Hospital Corporation of America Project) Series 1982. Such Bonds are being issued to finance costs incurred in-curred by Hospital Corporation Cor-poration of America, a Tennessee corporation, in connection with the acquisition, ac-quisition, construction, improvement and equipping equipp-ing of the Ashley Valley Medical Center. The proceeds pro-ceeds of the Bonds, less expenses of issuance and underwriter's discount, will be lent by Uintah County to Hospital Corporation Cor-poration of America pursuant pur-suant to a Loan Agreement Agree-ment dated as of March 1, 1982. The Bonds are an issue of industrial development revenue bonds authorized to be issued by a Resolution Resolu-tion duly adopted by the Uintah County Commission Commis-sion on February 22. 1982. The Bonds shall be limited obligations of Uintah Uin-tah County, Utah payable solely from amounts payable to Uintah County under a Loan Agreement dated as of March 1, 1982 between Uintah County, Utah and Hospital Corporation Cor-poration of .America. The Bonds shall not constitute nor give rise to a general obligation or liability of Uintah County. Utah or a charge against its general credit or taxing powers. Payments by Hospital Corporation of America under the Loan Agreement and payments of principal of, premium, if any, and interest on the Bonds are subordinate in right to payment by Hospital Corporation of America of certain Superior Indebtedness defined and described more fully in the Loan Agreement. The Bonds shall be dated March 1. 19S2, shall be issuable as unregistered coupon bonds nr coupon bonds registrable as to principal only in denominations of $5,000, and as fully registered bonds in denominations of $o.(XO or any integral multiple thereof, and shall bear interest in-terest payable semiannually semian-nually on each March 1 and September 1. commencing com-mencing September 1, 1982. The Bonds shall mature not later than March 1, 2022 and shall bear interest in-terest at a rate not to exceed ex-ceed 18 percent per annum. an-num. The Bonds shall be subject to sinking fund redemption as provided in the Indenture of Trust between Lintah County, Utah and The Citizens and Southern National Bank, Atlanta, Georgia, dated as of March 1, 1982. The Bonds will be sold by Uintah County, Utah to Lehman Brothers Kuhn Loeb Incorporated at a price not less than 96 5 percent of the face value thereof plus accrued interest in-terest from March 1, 1982. The Resolution adopted by the Uintah County Commission with respect to the Bonds may be examined ex-amined by any person at the offices of the Uintah County Commission, lUn-tah lUn-tah County Courthouse, Vernal, Utah 84078, during dur-ing regular business hours on any regular business day to and including in-cluding March 24, 1982. For a period of thirty days after this publication, publica-tion, any person in interest in-terest shall have the right to contest the legality of such Resolution or proceedings pro-ceedings or any Bonds which may !e authorized thereby or any provisions made for the security and payment of such Bonds; and lifter such tune no one shall have any cause - of action to contest the regularity, formality and legality thereof for any cause whatsoever. Published in the Vernal Express Feb. 25, 1982 |