RES 86534 - Laserfiche WebLink

Section 11. (A) The Underwriter shall be under no obligation to pay, and the City shall pay the following expenses incident to the performance of the City's obligations hereunder: (i) the cost of the preparation and printing of the Bonds. (ii) . the fees and disbursements of Sturgis, Ness, Brunsell & Sperry, A Professional Corporation, Bond Counsel and of the City Attorney; (iii) the fees and disbursements of accountants, advisers and of any other experts or consultants retained by the City, including the fees and expenses of the Engineer of Work for the Proceedings and the Appraiser for the Proceedings. (B) The Underwriter shall pay the following expenses: (i) the cost of preparation, printing and mailing of the Preliminary and Final Offering Memorandums; (ii) all advertising expenses in connection with the public offering of the Bonds; and (iii) all other expenses (including out-of-pocket expenses and regulatory expenses) incurred by them or any of them in connection with their public offering and distribution of the Bonds, including the fees and disbursements of counsel retained by it. Section 12. Any notice or other communication to be given to the City under this Purchase Contract may be given by delivering the same in writing at the City's address set forth above. and any notice or other communication to be given to the Underwriter under this Purchase Contract may be given by delivering the same in writing to Stone & Youngberg, One California Street, Suite 2800, San Francisco, California. Attention: David Hartley. Section 13. This Purchase Contract is made solely for the benefit of the City and the Underwriter (including their respective successors and assigns), and no other person shall acquire or have any right hereunder or by virtue hereof. All of the City's representations, warranties and agreements contained in this Purchase Contract shall remain operative and in full force and effect regardless of: (i) any investigations made by or on behalf of the Underwriter or (ii) delivery of and payment for the Bonds pursuant to this Purchase Contract. The agreements contained in this paragraph and in paragraph 11 shall survive any termination of this Purchase Contract, Section 14. This Purchase Contract shall become effective upon the execution of the acceptance hereof by the Mayor of the City. and shall be valid and enforceable as of the time of such acceptance. Accepted this 18th day of November, 1986: Very truly yours, -10-