RES 94146 - Laserfiche WebLink

Resolution No. 94-146 Page 4 Section 6: The Bonds shall be sold to First Interstate Bank of California, N.A. (the 'Purchaser"). The Designated Officers of the issuer are, and each of them acting alone is, hereby authorized and directed, for and in the name and on behalf of the Issuer, to accept the offer of the Purnhaser to purchase the Bonds (when such offer is made and if such offer is consistent with Section 3 hereof) and to execute and deliver a bond purchase agreement (the "Purchase Contract") among the Issue, the Borrower and the Purchaser in a form appreved by the Finance Director upon consultation with bond counsel to the Issuer, the approval of such Purchase Contract to be conclusively evidenced by the execution and delivery by the Issuer of the Purchase Contract. The bonds, when executed, shall be delivered to the Trustee for authentication. The Trustee is hernby requested and directed to authenticate the Bonds by executing the Trustee's Certificate of Authentication and Registration appearing thereon, and to deliver the Bonds, when duly executed and authenticated, to the Purchase in accordance with written instructions executed on behalf of the Issuer by one of the Designated Officers, which instructions such officers are, and each of them is, hereby authorized and directed, for and in the name and on behalf of the Issues, to execute and deliver to the Trustee. Such instructions shall provide for the delivery of the Bonds to the Purchaser, upon payment of the purchase price themfor. All actions heretofore taken by the officers and agents of the Issuer with respect to the establishment of the Program and the sale and issuance of the Bonds and the refunding of the Prior Bonds are hernby approved, confirmed and ratified, and the proper officers of the Issuer, including the Designated Officers, are hereby authorized and directed, for and in the name and on behalf of the Issuer, to do any and all things and take any and all actions and execute and deliver any and all certificates, agreements and other documents which they, or any of them, may deem necessary or advisable in order to consummate the lawful issuance and delivery of the Bonds and the refunding of the Prior Bonds in accordance with this Resolution and resolutions heretofore adopted by the Issuer and in order to carry out the Program, including but not limited to those certificates, agreements and other documents described in the Indenture, the Loan Agreement the Regulatory Agreement, the Purchase Contract and the other documents herein approved and any certificates, agreements or documents as may be necessary to further the purpose hereof or provide additional security for the Bonds, but which shall not crate any obligation or liability of the Issuer other than with respect to the revenues and assets derived from the proceeds of the Bonds.