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I . 'Je :18C~::5 Sc\C( ,'lnJ appropriate "lnd such mod 1 fica t ions t:1erao E, Jelet.io:1s th~reerom and additi.ons thereto .15 may he nec~ss.lry anJ approprl~te ~nd approved by Bond Counsel prior to the eX2c'.lt.:.on of the d.ocuments. The Y\ayor anti the City ~Clna.g"1l" '"Jf the 2i ':1 are author ized to execute the Loan ,\greement, the Plt?clge .:\gr:-eement, and the Disbursing Agreement i.n the na.me o~ and on behal~ of the City and such other documents as Bond C.oun5el considers appropriate in connection with the issuance of the ~ote. In the event of the absence or disability of the Mayor or City Manager such officers of the City as in the opinion of the City Attorney may act in their behalf shall. without further act or authorization of the City Council do all things and execute all instruments and documents required to be done or executed by such absent or disal)led officers. :'he execution of any instrument by the appropriate officer or officers of the City herein authorized shall be conclusive evidence of the approval of such documents in accordance with the terms hereof. 5-5. Interest Rate on the Note. The Note shall bear interest as provided in the Note; provided that the interest on the Note through and including December 1, 1994, shall be not greater than 11.25%. The Mayor and the City Manager are hereby authorized to set the specific interest rate on the Note through and including December 1, 1994, on the day set for closing and delivery on the Note. Adopted: December 26, 1984 Attest: \)/'-,/~J.~ _ ~'?;.anager 24