Franklin Ohio Authorization to purchase 6 percent convertible debentures

• Category: Corporations - Public - Sale or Purchase of Capital Stock
• State: Multi-State
• County: Franklin
• Control #: US-CC-4-109
• Format: Word; Rich Text

Description

This sample form, a detailed Authorization to Purchase 6% Convertible Debentures document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. Franklin Ohio Authorization to Purchase 6 Percent Convertible Debentures: Explained in Detail Introduction: The Franklin Ohio Authorization to purchase 6 percent convertible debentures is a financial instrument that allows investors to acquire securities issued by the municipality of Franklin, Ohio. This detailed description will provide an in-depth explanation of the features, benefits, and types of Franklin Ohio Authorization to purchase 6 percent convertible debentures. Overview and Features: — Franklin Ohio Authorization: The municipal government of Franklin, Ohio grants this authorization to potential investors interested in purchasing 6 percent convertible debentures. — Purchase: Investors gain the opportunity to acquire these debentures by submitting an application to the designated authorities. — 6 Percent Convertible Debentures: These debentures offer a fixed interest rate of 6 percent to the investors over a specified maturity period. Moreover, they have an additional feature of convertibility, meaning they can be converted into a predetermined number of common shares of the underlying corporation or entity. Benefits: 1. Fixed Interest Income: Investors enjoy a fixed interest income of 6 percent throughout the debenture's tenure, providing stability to their investment returns. 2. Convertibility Option: The convertible feature allows investors to convert their debentures into common shares, potentially benefiting from any future appreciation in the share price. 3. Diversification: Adding Franklin Ohio Authorization to purchase 6 percent convertible debentures to an investment portfolio offers diversification, as municipal debentures generally have lower correlation with other asset classes. Types of Franklin Ohio Authorization to Purchase 6 Percent Convertible Debentures: 1. Short-term Convertible Debentures: These debentures have a relatively shorter maturity period, usually less than five years. They are suitable for investors looking for shorter-term investments and more immediate liquidity. 2. Long-term Convertible Debentures: With a maturity period typically exceeding five years, these debentures suit investors with a longer investment horizon seeking stable income over an extended period. 3. Callable Convertible Debentures: These debentures include a call provision, enabling the issuer to redeem them before the maturity date. This feature benefits issuers in cases where interest rates decline, allowing them to refinance at a lower rate. However, it introduces some uncertainty for investors. Keywords: — FrankliOHIhi— - Authorization to purchase — 6 percent convertible debenture— - Municipal debentures — Fixed interest rat— - Convertibility feature — Common share— - Maturity period - Short-term — Long-ter— - Callable debentures - Interest income Diversificationio— - Liquidity - Investment portfolio Note: It is important to review the specific terms and conditions provided by the municipality of Franklin, Ohio, to ensure accuracy and currency of information.

Franklin Ohio Authorization to Purchase 6 Percent Convertible Debentures: Explained in Detail Introduction: The Franklin Ohio Authorization to purchase 6 percent convertible debentures is a financial instrument that allows investors to acquire securities issued by the municipality of Franklin, Ohio. This detailed description will provide an in-depth explanation of the features, benefits, and types of Franklin Ohio Authorization to purchase 6 percent convertible debentures. Overview and Features: — Franklin Ohio Authorization: The municipal government of Franklin, Ohio grants this authorization to potential investors interested in purchasing 6 percent convertible debentures. — Purchase: Investors gain the opportunity to acquire these debentures by submitting an application to the designated authorities. — 6 Percent Convertible Debentures: These debentures offer a fixed interest rate of 6 percent to the investors over a specified maturity period. Moreover, they have an additional feature of convertibility, meaning they can be converted into a predetermined number of common shares of the underlying corporation or entity. Benefits: 1. Fixed Interest Income: Investors enjoy a fixed interest income of 6 percent throughout the debenture's tenure, providing stability to their investment returns. 2. Convertibility Option: The convertible feature allows investors to convert their debentures into common shares, potentially benefiting from any future appreciation in the share price. 3. Diversification: Adding Franklin Ohio Authorization to purchase 6 percent convertible debentures to an investment portfolio offers diversification, as municipal debentures generally have lower correlation with other asset classes. Types of Franklin Ohio Authorization to Purchase 6 Percent Convertible Debentures: 1. Short-term Convertible Debentures: These debentures have a relatively shorter maturity period, usually less than five years. They are suitable for investors looking for shorter-term investments and more immediate liquidity. 2. Long-term Convertible Debentures: With a maturity period typically exceeding five years, these debentures suit investors with a longer investment horizon seeking stable income over an extended period. 3. Callable Convertible Debentures: These debentures include a call provision, enabling the issuer to redeem them before the maturity date. This feature benefits issuers in cases where interest rates decline, allowing them to refinance at a lower rate. However, it introduces some uncertainty for investors. Keywords: — FrankliOHIhi— - Authorization to purchase — 6 percent convertible debenture— - Municipal debentures — Fixed interest rat— - Convertibility feature — Common share— - Maturity period - Short-term — Long-ter— - Callable debentures - Interest income Diversificationio— - Liquidity - Investment portfolio Note: It is important to review the specific terms and conditions provided by the municipality of Franklin, Ohio, to ensure accuracy and currency of information.