RES 90022 - Laserfiche WebLink

assessments levied for the payment of the acquisitions, work and improvements described in the certified proceedings furnished to them and by the moneys in the redemption fund established pursuant to the Resolutions, the Bond Law and the 1915 Act; the principal of, redemption premium, if any, and interest on the Bonds are payable out of such redemption fund; and the installments of principal and interest of the unpaid assessments are collected on the tax roll on which general taxes on real property are collected; (iii) The information in the Official Statement under the captions or subcaptions (as the case may be) (a) "Summary Statement", '"The Bonds" and q'he District" fairly and accurately summarizes the provisions, the Bond Law, the 1915 ACt and other State laws and other matters purported to be summarized therein; (iv) The Bonds are not subject to the registration requirements of the Securities Act of 1933, as amended, and the Resolutions are exempt from qualification pursuant to the Trust Indenture Act of 1939, as amended; and (v) No consent, waiver or any other action of any person, board or body, public or private, other than the approval of the City Council, which has been duly and validly obtained, is required as of the date of the Closing for the City to adopt the Resolutions or issue the Bonds, or to enter into this Purchase Contract, or to perform its obligations under any of the foregoing. (vi) The City is a general law city duly incorporated and existing under the laws of the State and has good right and lawful authority to perform all of its obligations under the Resolutions; (vii) The execution and delivery of this Purchase Contract, issuance of the Bonds and the adoption of the Resolutions and compliance with the provisions of each do not and will not conflict with or constitute a breach of or default under any applicable law or administrative regulation of the State or the United States or to the best of his/her knowledge any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement or other instrument to which the City is a party or is otherwise subject; (viii) Except as otherwise disclosed in the Official Statement, there is no litigation or proceeding, pending or threatened, challenging the creation, organization or existence of the City, or the validity of the Bonds, this Purchase Contract or the Resolutions or seeking to restrain or enjoin any of the transactions referred to therein or -7-