RES 90061 - Laserfiche WebLink

be substantially in the form described herein, shall be issued and secured under the provisions of, and shall be payable and subject to redemption as provided in, a resolution adopted by the City Council of the City on March 20, 1990 (as amended from time to time, the "Bond Resolution"), the Preliminary Official Statement relating to the Bonds dated March 20, 1990 (the "Preliminary official Statement") and the Refunding Act of 1984 for 1915 Improvement Act Bonds, constituting Division 11.5 of the Streets and Highways Code of the State of California (the "Act"). (b) By its acceptance of this proposal, the City approves the Preliminary official Statement and the final Official Statement relating to the Bonds (the "Official Statement"), which consists of the Preliminary Official Statement with such changes as may be necessary to conform the same to the provisions hereof. The City hereby authorizes the Underwriter to use and distribute in connection with the offer and sale of the Bonds: the Preliminary Official Statement, the official Statement, the Bond Resolution, this Purchase Contract and all information contained herein, and all other documents, certificates and statements furnished by the City to the Underwriter in connection with the transactions contemplated by this Purchase Contract. (c) Except as the City and the Underwriter may otherwise agree, the City will deliver to the Underwriter, at the office of Bank of America National Trust and Savings Association, San Francisco, California, or at such other location as may be designated by the Underwriter, the documents hereinafter mentioned and the Bonds, in definitive form (all Bonds being lithographed on steel engraved borders and bearing CUSIP numbers), duly executed by the City in the manner provided for in the Bond Resolution and the Act, at 9:00 a.m. local time, on April 5, 1990 (the "Closing Date"), and the Underwriter will accept such delivery and pay the purchase price of the Bonds as set forth in paragraph (a) of this section by certified check or wire in federal funds (such delivery and payment being herein referred to as the "Closing"). The Bonds shall be made available to the Underwriter not later than 24 hours prior to the Closing Date for purposes of inspection and packaging. The Bonds shall be in fully registered form and shall be registered in accordance with instructions to be supplied to the City by the Underwriter. 2. Conditions to the Obliqations of the Underwriter. The obligations of the Underwriter to accept delivery of and pay for the Bonds on the Closing Date shall be subject, at the option of the Underwriter, to the accuracy in all material respects of the statements of the officers and other officials of the City, as well as of the other individuals referred to herein, made in any certificates or other documents furnished pursuant to the provision hereof; to the performance by the City of its obligations to be performed hereunder at or prior to the Closing Date; and to the following additional conditions: 2277\p¢ 2