CC PACKET 09131988 - Laserfiche WebLink

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( i ) on September 13 , 1988 , this Council held a public hearing on the proposal to issue the Bonds. • 3 . Approval of Documents . The forms of the Loan Agreement , the Bond Purchase Agreement , the Letter of Credit and the Indenture referred to in Section 1 . 04 are approved subject to such modifications as are deemed appropriate and approved by the City Attorney and the City Manager , which approval shall be conclusively evidenced by execution of the Loan Agreement , the Indenture, the Bond Purchase Agreement and the Bonds by the Mayor and the City Manager . Subject to Section 7 hereof , the Mayor and City Manager are directed to execute the Loan Agreement upon execution thereof by the Partnership, to execute the Bond Purchase Agreement upon execution thereof by the Partnership and the Underwriters , and to execute the Indenture upon execution thereof by the Trustee . Copies of all of the documents shall be delivered, filed and recorded as provided therein. The Mayor and the City Manager are also authorized =nd directed to execute such other instruments as may be required to give effect to the transactions herein contemplated . 4 . The Bonds ; Terms , Sale and Execution. 4 . 01 . Authorization . Subject to Section 7 hereof, the City hereby authorizes the issuance of the Bonds in the aggregate principal amount of $10 , 750 , 000 , in the form and upon the terms set forth in the Indenture and this resolution . The Bonds are hereby sold to the Underwriter at the price and upon the terms set forth in the Bond Purchase Agreement . 4 . 02 . Execution. The Mayor and the City Manager are hereby authorized and directed to execute the Bonds as prescribed herein and in the ' Indenture and to deliver them to the Trustee, together with a certified copy of this resolution, the other documents required in the Indenture, and such other certificates, documents and instruments as may be appropriate to effect the transactions herein contemplated. The Trustee is hereby appointed authenticating agent for the Bonds pursuant to Minnesota Statutes , Section 475 . 55 , Subdivision 1 . 4 . 03 . Modifications , Absence of Officers . The approval hereby given to the various documents referred to above includes an approval of such modifications thereto, deletions therefrom and additions thereto as may be necessary and appropriate and approved by the City Attorney and the City Manager prior to the execution of the documents . 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 -5= •