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Last modified
7/17/2007 8:36:02 AM
Creation date
12/2/2004 8:26:04 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
8997
Resolution Title
Authorizing the issuance of Elder Care Facility Revenue Bonds, Series 1993, to finance a project and authorizing the execution of various documents in connection therewith (Care Institute, Inc. project)
Resolution Date Passed
10/11/1993
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<br />Official statement (other than the section therein captioned "The <br />Issuer") and takes no responsibility for such information. <br /> <br />10. The Bonds shall bear interest at the rate or rates <br />established by the Mayor and agreed to by the Purchaser and <br />Company, but in no event shall the interest rate or rates be <br />fixed at rates which would cause the net interest cost of the <br />Bonds to exceed nine percent (9.00%). The rate or rates so <br />established shall be set forth in the Indenture prior to its <br />execution. <br /> <br />11. The City shall proceed forthwith to issue its <br />Bonds, in the form and upon the terms set forth in the Indenture. <br />The Mayor and City Manager are authorized and directed to prepare <br />and execute the Bonds as prescribed in the Indenture and to <br />deliver them to the Trustee for authentication and delivery to <br />the Purchaser. <br /> <br />12. The Mayor and City Manager and other appropriate <br />officers of the city are authorized and directed to prepare and <br />.furnish to the Purchaser certified copies of all proceedings and <br />records of the City relating to the Bonds, and such other <br />affidavits and certificates as may be required to show the facts <br />relating to the legality of the Bonds as such facts appear from <br />the books and records in the officers' custody and control or as <br />otherwise known to them; and all such certified copies, <br />certificates and affidavits, including any heretofore furnished, <br />shall constitute representations of the City as to the truth of <br />all statements contained therein. <br /> <br />13. The approval hereby given to the Agreements and <br />the various other documents referred to in paragraphs 7 and 9 <br />above includes approval of (a) such additional details therein as <br />may be necessary and appropriate and such modifications thereof, <br />deletions therefrom and additions thereto as may be necessary and <br />appropriate and approved by Bond Counsel, the City Attorney and <br />the city officials authorized herein to execute said documents <br />prior to their execution and (b) such additional documents, <br />agreements or certificates as may be necessary and appropriate in <br />connection with the Agreements and with the issuance and sale of <br />the Bonds and approved by Bond Counsel, the City Attorney and <br />City officials authorized herein to execute said documents prior <br />to their execution; and said City Attorney and City officials are <br />hereby authorized to approve said changes or additional <br />documents, agreements or certificates on behalf of the City. The <br />execution of any instrument by the appropriate officer or <br />officers of the City herein authorized shall be conclusive <br />evidence of the approval of such documents in accordance with the <br />terms thereof and hereof. In the absence (or inability) of the <br /> <br />249075 <br /> <br />6 <br />
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