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(4) the manually signed opinion of Bond Counsel approv- <br />ing the legality of the Tax Exempt Note issued pursuant to <br />this Resolution; <br />(5) such other documents and opinions as Bond Counsel <br />may reasonably require for purposes of rendering its opinion <br />required in subsection (4) above. <br />Upon delivery of the Tax Exempt Note, the Lender <br />shall, on behalf of the City, advance funds for payment of <br />Project Costs upon receipt of such supporting documentation as <br />the Lender may deem reasonably necessary, including compliance <br />with the provisions of the Disbursing Agreement. The Lender <br />or Company shall provide the City with a full accounting of <br />all funds disbursed for Project Costs. <br />2-5. Issuance of New Tax Exempt Notes. <br />Subject to the provisions of Section 2-9, the City <br />shall, at the request and expense of the holder issue new tax <br />exempt notes, in aggregate outstanding principal amount equal <br />to that of the Tax Exempt Note surrendered, and of like tenor <br />except as to number, principal amount, and the amount of the <br />monthly installments payable thereunder, and registered in the <br />name of the holder or such transferee as may be designated by <br />the holder. <br />2-6. Registration of Transfer. <br />The City will cause to be kept at the office of the <br />City Administrator a Note Register in which, subject to such <br />reasonable regulations as it may prescribe, the City shall <br />provide for the registration of transfers of ownership of the <br />Tax Exempt Note. Said Tax Exempt Note shall be transferable <br />upon the Note Register by the holder thereof in person or by <br />its attorney duly authorized in writing, upon surrender of the <br />Tax Exempt Note together with a written instrument of transfer <br />satisfactory to the City Administrator duly executed by the <br />holder of its duly authorized attorney. Upon such transfer <br />the City Clerk shall note the date of registration and the <br />name and address of the new holder in the Tax Exempt Note <br />Register and in the registration blank appearing on the Tax <br />Exempt Note. <br />2-7. Mutilated, Lost or Destroyed Tax Exempt Note. <br />In case any Tax Exempt Note issued hereunder shall <br />become mutilated or be destroyed or lost, the City shall, if <br />not then prohibited by law, cause to be executed and deliver- <br />ed, a new Tax Exempt Note of like outstanding principal <br />15 <br />