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Resolution No. 89-429 <br /> <br /> City by the Designated Officers, which instructions <br /> such officers are, an each of them is, hereby <br /> authorized and directed, for and in the name and on <br /> behalf of the City, to execute and deliver to the <br /> Trustee. Such instructions shall provide for the <br /> delivery of the Bonds to the Underwriter in <br /> accordance with the Purchase Agreement, upon <br /> payment of the purchase price therefor. <br /> <br />Section 9: It is the purpose and intent of this City Council <br /> that this resolution constitute approval o~ the <br /> Bonds by the applicable elected representative in <br /> accordance with Section 147(f) of the Internal <br /> Revenue Code of 1986, as amended (the "Code"). <br /> <br />Section 10: All actions heretofore taken by the officers and <br /> agents of the City with respect to the <br /> establishment of the Program and the sale and <br /> issuance of the Bonds are hereby approved, <br /> confirmed and ratified, and the proper officers of <br /> the City, including the Designated Officers, are <br /> hereby authorized and directed, for and in the name <br /> and on behalf of the City, to do any and all things <br /> and take any and all actions and execute and <br /> deliver any and all certificates, agreements and <br /> other documents which they, or any of them, may <br /> deem necessary or advisable in order to consummate <br /> the lawful issuance and delivery of the Bonds in <br /> accordance with the resolution and resolutions <br /> heretofore adopted by the City and in order to <br /> carry out the Program, including but not limited to <br /> those certificates, agreements and other documents <br /> described in the Indenture, the Loan Agreement, the <br /> Regulatory Agreement, the Purchase Agreement, and <br /> the other documents herein approved and any <br /> certificates, agreements or documents as may be <br /> necessary to further the purpose hereof, evidence <br /> credit support or additional security for the <br /> Bonds, or evidence the obligation to purchase Bonds <br /> upon tender by the Bondholder, but which shall not <br /> create any obligation or liability of the City <br /> other than with respect to the revenues and assets <br /> derived from the proceeds of the Bonds. <br /> <br />Section 1~: This resolution shall become effective <br /> immediately upon its passage and adoption. <br /> <br /> - 5- <br /> <br /> <br />