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Underwriter may designate, and will assist, if necessary <br />therefore, in the continuance of such qualifications in <br />effect as long as required for the distribution of the <br />Bonds; provided, however, that the City shall not be <br />required to qualify as a foreign corporation or to file any <br />general consents to service of process under the laws of any <br />state; <br /> <br /> (h) The issuance and sale of the bonds is not subject <br />to any transfer or other documentary stamp taxes of the <br />State of California or any political subdivision thereof; <br /> <br /> (i) The City has not been notified of any listing or <br />proposed listing by the Internal Revenue Service to the <br />effect that the City or its bond issue whose arbitrage <br />certifications may not be relied upon; <br /> <br /> (j) Any certificate signed by any official of the City <br />authorized to do so shall be deemed a representation and <br />warranty by the City to the Underwriter as to the statements <br />made therein; and <br /> <br /> (k) The City will apply the proceeds of the Bonds, <br />including the investment thereof, in accordance with the <br />Proceedings and as described in the Offering Memorandum. <br /> <br /> 8. If between the date of this Purchase Contract and <br />the date ninety (90) days after the Closing an event occurs <br />which is materially adverse to the purpose for which the <br />Offering Memorandum is to be used which is not disclosed in <br />the Offering Memorandum, the City shall notify the <br />Underwriter. <br /> <br /> 9. At 10:00 a.m., P.S.T., on May 1, 1986, or at such <br />other time or on such other date as is mutually agreed by <br />the City and the Underwriter, the City will deliver the <br />Bonds to the Underwriter in definitive form,-duly executed, <br />together with the other documents hereinafter mentioned, <br />and, subject to the terms and conditions hereof, the <br />Underwriter will accept such delivery and pay the purchase <br />price of the Bonds as set forth in paragraph i hereof with <br />funds immediately available to the City. Delivery and <br />payment, as aforesaid, shall be made at the office of Bank <br />of America, N.T.&S.A., Corporate Agency Division, San <br />Francisco, California, or such other place as shall have <br />been mutually agreed upon by the City and the Underwriter. <br />The bonds shall be printed or lithographed on steel engraved <br /> <br /> <br />