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Last modified
7/17/2007 9:18:44 AM
Creation date
4/25/2005 12:19:20 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
7660
Resolution Title
Final Note Resolution; $5,000,000 Industrial Development Revenue Note of 1984, Series C, Advance Circuits, Inc. Project
Resolution Date Passed
10/8/1984
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<br />2-2. The Note. <br /> <br />The Note shall be dated as of the date of delivery, <br />shall be payable at the times and in the manner, shall bear <br />interest at the rate, and shall be subject to such other terrns <br />and conditions as are set forth therein. <br /> <br />2-3. Execution. <br /> <br />The Note shall be executed on behalf of the City by <br />the signatures of its Mayor and City Manager and shall be <br />sealed with the seal of the City. In case any officer whose <br />signature shall appear on the Note shall cease to be such <br />officer before the delivery of the Note, such signature shall <br />nevertheless be valid and sufficient for all purposes, the same <br />as if had remained in office until delivery. In the event of <br />the absence or disability of the Mayor or the City Manager such <br />officers of the City as, in the opinion of the City Attorney, <br />may act in their behalf, shall without further act or <br />authorization of the City Council execute and deliver the Note. <br /> <br />2-4. Delivery of Note. <br /> <br />Before delivery of the Note there shall be filed with <br />the Lender (except to the extent waived by the Lender) the <br />following items: <br /> <br />(1) an executed copy of each of the following documents: <br /> <br />(A) the Loan Agreement; <br />(B) the Pledge Agreement; <br />(C) the Security Agreement; <br />(D) the Disbursing Agreement; <br />(E) Occupancy Agreement; <br />(F) Financing Statement; <br /> <br />(G) a cost certificate signed by the Borrower <br />certifying the use of the proceeds of the Note. <br /> <br />(2) an opinion of Counsel for the Borrower as prescribed <br />by Bond Counsel and counsel for the Lender; <br /> <br />14 <br />
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