res_8993 - Laserfiche WebLink

Home

Official statement (other than the section therein captioned "The Issuer") and takes no responsibility for such information. 10. The Bonds shall be in the principal amount and shall bear interest at the rate or rates established by the Mayor and agreed to by the Purchaser and Company, but in no event shall the principal amount of the Bonds exceed $16,000,000 and the interest rate or rates be fixed at rates which would cause the net interest cost of the Bonds to exceed nine percent (9.00%). The rate or rates so established shall be set forth in the Indenture prior to its execution. 11. The City shall proceed forthwith to issue its Bonds, in the form and upon the terms set forth in the Indenture. The Mayor and City Manager are authorized and directed to prepare and execute the Bonds as prescribed in the Indenture and to deliver them to the Trustee for authentication and delivery to the Purchaser. 12. The Mayor and City Manager and other appropriate officers of the City are authorized and directed to prepare and furnish to the Purchaser certified copies of all proceedings and records of the City relating to the Bonds, and such other affidavits and certificates as may be required to show the facts relating to the legality of the Bonds as such facts appear from the books and records in the officers' custody and control or as otherwise known to them; and all such certified copies, certificates and affidavits, including any heretofore furnished, shall constitute representations of the City as to the truth of all statements contained therein. 13. The approval hereby given to the Agreements and the various other documents referred to in paragraphs 7 and 9 above includes approval of (a) such additional details therein as may be necessary and appropriate and such modifications thereof, deletions therefrom and additions thereto as may be necessary and appropriate and approved by Bond Counsel, the City Attorney and the City officials authorized herein to execute said documents prior to their execution and (b) such additional documents, agreements or certificates as may be necessary and appropriate in connection with the Agreements and with the issuance and sale of the Bonds and approved by Bond Counsel, the City Attorney and- City officials authorized herein to execute said documents prior to their execution; and said City Attorney and City officials are hereby authorized to approve said changes or additional documents, agreements or certificates on behalf of the city. The 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 249075 6