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:art on their behalf shall without further act or *authorization of the Council do. all things. and <br />executo- all instruments and. documents required to be done. or. executed by such absent or <br />disabled officers. The execution of any %instrument' by the appropriate officer or officers of the <br />City herein authorized shall be conclusive evidence of the approval. of such documents in <br />accordance vmdth the terms hereof <br />3.4 ualified Tax- 1 xemm Obli.gatian-. In order to qualify .the. talc -exempt por ion- of. <br />the Mote as a "qualified tax-exempt obligation" within the rdeai mrig of Section 265(b)(3)) ofthc <br />Internal Revenue Code of 1986. as amended he "C:odc"), the City hereby makes:the followhig <br />factual statements and. represematiOds;. <br />(a) the Note will be issued after.August 7; 1986; <br />M the Note is not treated as a "private activity bond" under Section*265(b)(3) <br />of the -Cbde; <br />(c) the City hereby designates the tax-exempt portion of the Note- as a <br />quaiificd YaX-(,,-aettipt obligation for l)iu-poses of-5c:ctioa 265.(t)(3) of the C:pde; <br />(dj the reasonably anticipated amount of tax-exempt obligations (t-ther than <br />obligations described in clause (ii) of Section 265(h)(3)(C) of. the Code) which.. wil.1 be <br />issued by the City (and all entities whose obligations will be aggregated with those of the <br />City) during the calmdar year 2015 will not arced $10,000 000; and <br />(e) not traore. than $10,00000 of obligation issued by the City dUriDg the <br />.caiendavyear:201 have beer[ *designated for purposes of Section. 265(b) (3) of the Code, <br />8 <br />�6?ea I v1:1si3.�tA3�: -r <br />