Resolution 4901 - Laserfiche WebLink

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. . . the paying agent/registrar(s) for the Prior Bonds are hereby authorized and directed to cause notice of said redemptions to be given to the owners of the respective issues of the Prior Bonds in the manner required by law and by the terms of the Prior Bonds, respectively. 21. Escrow Aqreement. On or prior to the date of delivery of the Bonds the Mayor and Interim City Clerk- Administrator are hereby authorized to execute on behalf of the City the Escrow Agreement substantially in the form heretofore presented to the City but with such insertions and modifications as shall be deemed by them to be necessary to accomplish its purposes, as evidenced by their execution and delivery thereof. All terms and conditions of such Escrow Agreement, as so executed and delivered, are hereby approved and adopted and made a part of this Resolution. 22. Purchase of Securities. Springsted Incorporated, the City's public finance advisor for the Bonds, is hereby authorized, in consultation and coordination with the City Finance Director to solicit sufficient bids and to purchase or cause to be purchased for and on behalf of the City and/or the Escrow Agent the appropriate securities (including United States Treasury Securities) to be placed in the Escrow Account and to execute all such documents (including the appropriate subscription forms, if applicable) required to effect such purchase. 23. Records and Certificates. The officers of the City are hereby authorized and directed to prepare and furnish to the Purchaser, and to the attorneys approving the legality of the issuance of the Bonds, certified copies of all proceedings and records of the City relating to the Bonds and to the financial condition and affairs of the City, and such other affidavits, certificates and information as are required to show the facts relating to the Bonds as the same appear from the books and records under their custody and control or as otherwise known to them, and all such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the City as to the facts recited therein. 24. Suoplemental Resolution. The resolutions of the Council adopted on February 27 and September 25, 1989, authorizing the issuance of the 1989A Bonds and the 1989C Bonds, respectively, are hereby supplemented to the extent necessary to give effect to the provisions of this Resolution. 25. Defeasance. When any obligation of a Bond has been discharged as provided in this paragraph, all pledges, covenants and other rights granted by this Resolution to the registered owner of that Bond (with respect to the obligation thereof so defeased) shall, to the extent permitted by law, cease. The City may at any time discharge any or all of such 311176.1 21