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entities whose obligations are treated as issued by the <br />City) during this calendar year 1991 will not exceed <br />$10,000,000; and <br />(e) not more than $10,000,000 of obligations issued by <br />the City during this calendar year 1991 have been designated <br />for purposes of Section 265(b)(3) of the Code. <br />The City shall use its best efforts to comply with any federal <br />procedural requirements which may apply in order to effectuate <br />the designation made by this paragraph. <br />26. Letter of Representations. The Letter of <br />Representations is hereby approved, and shall be executed on <br />behalf of the City by the Mayor and Clerk -Treasurer, in <br />substantially the form approved, with such changes, <br />modifications, additions and deletions as shall be necessary and <br />appropriate and approved by Bond Counsel. Execution by such <br />officers of the Letter of Representations shall be conclusive <br />evidence as to the necessity and propriety of changes.and their <br />approval by Bond Counsel. So long as The Depository Trust <br />Company is the Depository or it or its nominee is the Holder of <br />any Global Certificate, the City shall comply with the provisions <br />of the Letter of Representations, as it may be amended or <br />supplemented by the City from time to time with the agreement or <br />consent of The Depository Trust Company. <br />27. official Statement. The use by Ehlers and <br />Associates, Inc., of the Official Statement and its Official <br />Notice of Sale, and the terms and conditions of the Bonds and the <br />sale set forth therein, are hereby approved and ratified. <br />28. Severability. If any section, paragraph or <br />provision of this resolution shall be held to be invalid or <br />unenforceable for any reason, the invalidity or unenforceability <br />of such section, paragraph or provision shall not affect any of <br />the remaining provisions of this resolution. <br />29. Headinas. Headings in this resolution are <br />included for convenience of reference only and are not a part <br />hereof, and shall not limit or define the meaning of any <br />provision hereof. <br />The motion for the adoption of the foregoing resolution <br />was duly seconded by member McAllister and, after a full <br />discussion thereof and upon a vote being taken thereon, the <br />following voted in favor thereof: Stoltzman, Jesinski, McAllister, <br />Miron, Brunotte <br />11676 <br />40 <br />