CCP 09-27-1999 - Laserfiche WebLink

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. . . Resolution 99-32 Page Four September 27, 1999 Administrator, or executed or attested by other oftieers of the City, in substantially the form on file, but with all such changes therein, not inconsistent with the Act or other law, as may be approved by the officers executing the same, which approval shall be conclusively evidenced by the execution thereot; and then shall be delivered to the Trustee, 5. Avproval, Execution and Deliverv of Bonds. The City shall proceed forthwith to issue the Bonds, in the aggregate principal amount, in the form and upon the terms set forth in the Indentures, which terms are for this purpose incorporated in this resolution and made a part hereot; provided, however, that the initial aggregate principal amount of and the maturities of the Bonds, the interest rates thereon, and any provisions for the optional or mandatory redemption thereof shall all be as set forth in the final form of the Indenture to be approved, executed and delivered by the officers of the City authorized to do so by the provisions of this Resolution, which approval shall be conclusively evidenced by such execution and delivery; and provided further that, in no event, shall such maturities exceed thirty (30) years or such rates of interest produce a net interest cost in excess of six percent (6%) per annum, except, under certain circumstances, on Bonds bearing a fixed rate, The Underwriter has agreed pursuant to the provisions of the Bond Purchase Agreements, and subject to the conditions therein set forth, to purchase the Bonds at the purchase price set forth in the Bond Purchase Agreements, and said purchase price is hereby accepted, The Mayor, City Administrator and other City officers are authorized and directed to prepare and execute the Bonds as prescribed in the Indentures and to deliver them to the Trustee, together with a certified copy of this Resolution and the other documents required by Section 2.1 of the Indentures, for authentication, registration and delivery to the Underwriter. As provided in the Indentures, each Bond shall contain a recital that it is issued pursuant to the Act, and such recital shall be conclusive evidence of the validity and regularity ofthe issuance thereof, 6. Official Statements. The City hereby approves the form of and consents to the circulation by the Underwriter of the Official Statements in offering the Bonds for sale; provided, however, that the City has not participated in the preparation of the Official Statements or independently verified the information in the Official Statements and takes no responsibility for, and makes no representations or warranties as to, thc accuracy or completeness of such information, 7. Certificates, Additional Agreements, etc. The Mayor, City Administrator and other officers of the City are authorized and directed to prepare and furnish to bond counsel and the purchaser of the Bonds,