NOTICE is hereby given that WAWASEE COMMUNITY SCHOOL CORPORATION (the "Issuer") has authorized and will make one (I) or more temporary loans to meet current running expenses for the use of the Education Fund of the Issuer, in aggregate amounts not to exceed the following for the respective identified funds:
Education Fund [for Warrants issued in anticipation of the receipt of current state tuition support revenue estimated to be received on or before December 31, 2019 (but after the last day of June 2019)]: $1,550,000 maturing on December 31, 2019.
Such loans shall be at a per annum rate not to exceed six and one-half percent (6.5%) (the exact rate to be determined by negotiations with the Indiana Bond Bank (the "Bond Bank")) subject also to, following their due date, an alternate rate as provided in a warrant purchase agreement entered into by the Issuer. The Issuer will issue temporary loan revenue anticipation warrants to evidence such loans. The Issuer has appropriated and pledged the revenues to be received in such funds to the punctual payment of such warrants including the interest thereon. The Warrants will be sold to the Bond Bank, in Indianapolis, Indiana, pursuant to Indiana Code 5-1.5-8-1 on one (I) or more dates during 2019. Pursuant to Indiana Code 20-48-1-9, no action to contest the validity of such wan·ants may be brought later than fifteen (15) days from the first publication of this Notice.
