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<br />08/08/2005 09:38 <br /> <br />5123375572 <br /> <br />BURSTEIN LAI,,) FIRH <br /> <br />PAGE 07 <br /> <br />4.02. The EOA shall covenant and pledge to perform the terms, conditions, and covenants <br />of the bond indenture or other agreements ex.ecuted for the security of any bonds issued by the <br />Watertown Housing and Redevelopment Authority. The EDA shall exercise all of the powers <br />necessary to perfoml the term.s, conditions and covenants of any indenture or other agreements <br />executed for tbe security of the bonds and shall become obligated on any such bonds by reason of <br />the transfer as provided in this resolution. <br /> <br />4.03. All employees, if any, ofthe BRA as of January 1, 1993, are hereby transferred to the <br />authority, direction, supervision and control of the EDA. The placement of any employees under <br />the direction, supervision, or control of the EDA does not affect the rights of any employees of the <br />previously existing HRA. Any employees of the HRA shall become employees of the EDA. <br /> <br />Section 5. Implementation. <br /> <br />5.01. The City Council/County Commissioners shall from time to time adopt such <br />ordinances and resolutions as are required and permitted by the Aet to give full effect to this <br />Resolution. <br /> <br />5.02. The Mayor, the City Administrator, and other appropriate City officials are authorized <br />and directed to take the actions and execute and deliver the documents necessary to g.ive full effect <br />to this Resolution. <br /> <br />PASSED AND DULY ADOPTED BY THE City Counci.llCounty Commiss.ioners OF THE <br />CITY OF WATERTOWN THTS 10TH DAY OF NOVEMBER, 1992. <br /> <br />CITY OF WATERTOWN <br /> <br />Mayor <br /> <br />ArrEST: <br /> <br />Clerk-Treasurer <br />