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Clerk or the City Manager, which instructions said <br />officer is hereby authorized and directed, for and <br />in the name and on behalf of the City, to execute <br />and deliver to the Trustee. Such instructions shall <br />provide for the delivery of the Bonds to the Under- <br />writers in accordance with the Purchase Contract, <br />upon payment of the purchase price therefor. <br /> <br />Section 10 It is the purpose and intent of this Council that <br /> this resolution constitute aDDroval of the Bonds by <br /> the applicable elected representative in accordance <br /> with Section 103(k) of the Internal Revenue Code of <br /> 1954, as amended. <br /> <br />Section 11: All actions heretofore taken by the officers and <br /> agents of the City with respect to the establishment of <br /> the Program and the sale and issuance of the Bonds are <br /> hereby approved, confirmed and ratified, and the proper <br /> officers of the City are hereby authorized and directed, <br /> for and in the name and on behalf of the City, to do any <br /> and all things and take any and all actions and execute <br /> and deliver any and all certificates, agreements and <br /> other documents, which they, or any of them, may deem <br /> necessary or advisable in order to consummate the lawful <br /> issuance and delivery of the Bonds in accordance with <br /> this resolution and resolutions heretofore adopted by the <br /> City and in order to carry out the Program, including but <br /> not limited to those certificates, agreements and other <br /> documents described in the Indenture, the LC Agreement, <br /> the Origination Agreement, the Regulatory Agreement, <br /> the Purchase Contract and the other documents herein <br /> approved and any certificates, agreements on documents <br /> as may be necessary to'evidence credit support or <br /> additional security for the Bonds or for the Credit <br /> Institution's obligation under the Letter of Credit, but <br /> which shall not create any obligation or liability of <br /> the City other than with respect to the revenues and <br /> assets derived from the proceeds of the Bonds. <br /> <br />Section 12: This resolution shall become effective i~rnediately <br /> upon its passage and adoption. <br /> <br />TItIS <br /> <br />AYES: <br /> <br />RESOLUTION ADOPTED DECEMBER 6, 1983 BY THE FOLLOWING VOTE: <br /> - Brandes, Mercer, Mohr, Wood and <br /> <br />Councilmembers <br />Mayor Butler <br />None <br />None <br />None <br /> <br />NOES: <br />ABSENT: <br />ABSTAIN: <br /> <br />ATTEST: <br /> <br />/~J~ames R. 'Walker, ~'C/iZty Clerk <br /> <br />Rob / .B'utler, >{ayo <br /> <br />Peter D. MacDonald, City Attorney <br /> <br />-5- <br /> <br /> <br />