Laserfiche WebLink
132435238v2 <br />8 <br />issued by the City (and all entities whose obligations will be aggregated with those of the <br />City) during the calendar year 2024 will not exceed $10,000,000; <br />(d)not more than $10,000,000 of obligations issued by the City during the <br />calendar year 2024 have been designated for purposes of Section 265(b)(3) of the Code; <br />and <br />(e)the aggregate face amount of the Notes does not exceed $10,000,000. <br />SECTION 4. MISCELLANEOUS. <br />4.1 Severability. If any provision of this Resolution shall be held or deemed to be or <br />shall, in fact, be inoperative or unenforceable as applied in any particular case in any jurisdiction <br />or jurisdictions or in all jurisdictions or in all cases because it conflicts with any provisions of any <br />constitution or statute or rule or public policy, or for any other reason, such circumstances shall <br />not have the effect of rendering the provision in question inoperative or unenforceable in any other <br />case or circumstance, or of rendering any other provision or provisions herein contained invalid, <br />inoperative, or unenforceable to any extent whatever. The invalidity of any one or more phrases, <br />sentences, clauses or paragraphs in this Resolution contained shall not affect the remaining <br />portions of this Resolution or any part thereof. <br />4.2 Authentication of Transcript. The officers of the City are directed to furnish to <br />Bond Counsel certified copies of this Resolution and all documents referred to herein, and <br />affidavits or certificates as to all other matters which are reasonably necessary to evidence the <br />validity of the Notes. All such certified copies, certificates and affidavits, including any heretofore <br />furnished, shall constitute recitals of the City as to the correctness of all statements contained <br />therein. <br />4.3 Authorization to Execute Agreements. The forms of the proposed Loan Agreement <br />and the Pledge Agreement, are hereby approved in substantially the form presented to the City <br />Council, together with such additional details therein as may be necessary and appropriate and <br />such modifications thereof, deletions therefrom and additions thereto as may be necessary and <br />appropriate and approved by Bond Counsel prior to the execution of the documents. The Mayor <br />and the City Administrator of the City are authorized to execute the Loan Agreement and the <br />Pledge Agreement, and such other documents as Bond Counsel consider appropriate in connection <br />with the issuance of the Notes, in the name of and on behalf of the City. In the event of the absence <br />or disability of the Mayor or the City Administrator such officers of the City as, in the opinion of <br />the City Attorney, may act on their behalf, shall without further act or authorization of the City <br />Council do all things and execute all instruments and documents required to be done or executed <br />by such absent or disabled officers. The execution of any instrument by the appropriate officer or <br />officers of the City herein authorized shall be conclusive evidence of the approval of such <br />documents in accordance with the terms hereof.