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<br />2-2. The Initial 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 terms <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 aSr in the opinion of the City ~ttorney, <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 Initial 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 ~greement~ <br />(B) the Pledge Agreement~ <br />( C) the Mortgage~ <br />(D) the Assignment of Rents and Leases~ <br />(E) the Construction Loan Agreement~ <br />( F) the Guaranty~ and <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 Lender's Counsel~ <br /> <br />15 <br />