06-22-1994 Council Agenda - Laserfiche WebLink

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by the appropriate City officers. Copies of all of the documents necessary to the,transaction herein described shall be delivered, filed and recorded as provided herein and in the Loan Agreement and Indenture. 6. The City shall proceed forthwith to issue its Bonds, in the form and upon the terms set forth in the Indenture. The offer of the Placement Agent to place the Bonds for sale as of the date of issuance of the Bonds at par plus accrued interest, if any, to the date of delivery at the interest rate or rates determined by the Placement Agent as remarketing agent in accordance with the terms of the Indenture is hereby accepted. The Mayor and City Administrator 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 Placement Agent for delivery to the purchaser. 7. The Mayor and City Administrator and other officers of the City are authorized and directed to prepare and furnish to the Placement Agent 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. 8. The approval hereby given to the various documents referred to above includes approval of 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 the City Attorney and the City officials authorized herein to execute said documents prior to their execution; and said City officials are hereby authorized to approve said changes 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 terms hereof. In the absence of the Mayor or City Administrator, any of the documents authorized by this resolution to be executed may be executed by the acting Mayor or the designee of the City Administrator, respectively. 6923621 3 Page 59