RES 93086 - Laserfiche WebLink

Resolution No. 93-86 Page 3 additions or change shall not authorize an aggregate principal amount of Bonds in excess of the amount stated above, or having a final maturity date later than the date stated above, or result in a stated interest rate on the Bonds in excess of 8% per annum, or 9.5% per annum in the case of taxable bonds), the approval of such additions or changes to be evidenced conclusively bythe execution and delivery of the Indenture. The date, maturity dates, interest rate or rates, interest payment dates, denominations, form, registration privileges, manner of execution, place of payment, terms of redemption and other terms of the Bond shall be as provided in the Indenture as finally executed. The execution of the Indenture shall constitute appointment by the Authorized Issuer Representative of the Trustee named therein (the "Trustee") to act as such Trustee, and such appointment is hereby approved. Section 3: The proposed form of bond purchase contracts (the "Purchase Contracts") each between the City and the Underwriter, in substantially the formpresented to this meeting, is hereby approved. Any Authorized Issuer Representative is hereby authorized and directed, for and in the name and on behalf of this Board and the City, to accept the offers of the Underwriter to purchase the Bonds contained in the Purchase Contracts (when such offers are made and if such offers are consistent with Section 2 hereof) and to execute and deliver said Purchase Contracts; provided, however, that the Underwriter's discount on the Bonds shall not exceed 1.25% of the aggregate principal amount of the Bonds. Section 4: The proposed form of Financing Agreement (the "Financing Agreement") among the City, the Trustee and the Owner, in substantially the form presented to this meeting, is hereby approved. Any Authorized Issuer Representative is herebyauthorized and directed, for and in the name and on behalf of this City Council and the City, to execute by manual or facsimile signature, attested by the City Clerk or any deputy thereof under the seal of the City, and such officers are hereby authorized and directed, for and in the name and on behalf of this City Council and the City, to deliver the Financing Agreement, with such additions or changes in said document as such officers may recommend or approve upon consultation with City Attorney and Bond Counsel to the City, the approval of such additions or changes to be evidenced conclusively by the execution and delivery of the Financing Agreement. Section 5: The proposed form of Amended and Restated Regulatory