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CC RES 10-031 RESOLUTION RELATING TO $1,375,000 GENERAL OBLIGATION STREET RECONSTRUCTION BONDS, SERIES 2010A; AWARDING THE SALE, FIXING THE FORM AND DETAILS AND PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND SECURITY THEREFOR AND LEVYING AD VALOREM
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CC RES 10-031 RESOLUTION RELATING TO $1,375,000 GENERAL OBLIGATION STREET RECONSTRUCTION BONDS, SERIES 2010A; AWARDING THE SALE, FIXING THE FORM AND DETAILS AND PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND SECURITY THEREFOR AND LEVYING AD VALOREM
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RES 2010
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CC RES 10-031 RESOLUTION RELATING TO $1,375,000 GENERAL OBLIGATION STREET RECONSTRUCTION BONDS, SERIES 2010A; AWARDING THE SALE, FIXING THE FORM AND DETAILS AND PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND SECURITY THEREFOR AND LEVYING AD VALOREM
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(B) the amendment or supplementing of this Section 7 pursuant to <br /> subsection (d). together with a copy of such amendment or supplement and any <br /> explanation provided by the City under subsection (d)(2); <br /> (C) the termination of the obligations of the City under this Section 7 <br /> pursuant to subsection (d); <br /> (D) any change in the accounting principles pursuant to which the financial <br /> statements constituting a portion of the Disclosure Information are prepared; and <br /> (E) any change in the fiscal year of the City. <br /> (c) Manner of Disclosure. The City agrees to make available the information described <br /> in subsection (b) to the following entities by telecopy, overnight delivery, mail or other means, as <br /> appropriate: <br /> (1) The City agrees to make available to the MSRB, in an electronic <br /> format as prescribed by the MSRB from time to time, the information described in <br /> subsection (b). <br /> (2) The City further agrees to make available, by electronic <br /> transmission, overnight delivery, mail or other means, as appropriate, the <br /> information described in subsection (b)to any rating agency then maintaining a <br /> rating of the Bonds at the request of the City and, at the expense of such <br /> Bondowner, to any Bondowner who requests in writing such information, at the <br /> time of transmission under paragraph (1) of this subsection (c), or, if such <br /> information is transmitted with a subsequent time of release, at the time such <br /> information is to be released. <br /> (3) All documents provided to the MSRB pursuant to this subsection <br /> (c) shall be accompanied by identifying information as prescribed by the MSRB <br /> from time to time. <br /> (d) Term; Amendments; Interpretation. <br /> (1) The covenants of the City in this Section 7 shall remain in effect so long as any <br /> Bonds are Outstanding. Notwithstanding the preceding sentence, however, the obligations of the <br /> City under this Section 7 shall terminate and be without further effect as of any date on which the <br /> City delivers to the Registrar an opinion of Bond Counsel to the effect that, because of legislative <br /> action or final judicial or administrative actions or proceedings, the failure of the City to comply <br /> with the requirements of this Section 7 will not cause participating underwriters in the primary <br /> offering of the Bonds to be in violation of the Rule or other applicable requirements of the <br /> Securities Exchange Act of 1934, as amended, or any statutes or laws successory thereto or <br /> amendatory thereof. <br /> (2) This Section 7 (and the form and requirements of the Disclosure Information) may be <br /> amended or supplemented by the City from time to time, without notice to (except as provided in <br /> -18- <br />
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