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(3) This section is entered into to comply with the continuing disclosure provisions of <br />the Rule and should be construed so as to satisfy the requirements of paragraph (b)(5) of the <br />Rule. <br />Section 8. Authorization of Payment of Certain Costs of Issuance of the Bonds. The <br />City authorizes the Purchaser to forward the amount of Bond proceeds allocable to the payment <br />of issuance expenses to Klein Bank, on the closing date for further distribution as directed by the <br />City’s financial advisor, Ehlers & Associates, Inc. <br />Adopted this 28th day of April, 2015. <br />______________________________ <br />Jerome O. Faust, Mayor <br />ATTEST: ___________________________ <br />acting City Clerk <br />Reviewed for administration: ______________________________ <br />Mark Casey, City Manager <br />37