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or a fascimile thereof shall be imprented or impressed on the Bond. The
President or the Secretary of the Issuer is hereby authorized and directed to
deliver the Bond to the Bank, as Purchaser thereof, for and on behalf of, and
as the act and deed of, the Issuer in the manner provided in the Bon Purchase
Agreement, as executed. The President of the Issuer is hereby authorized and
directed to execute and deliver the Agreement, the Assignment and the Bond
Purchase Agreement for and on behalf of, ana as the act and deed of, the
Issuer. The Secretary of the Issuer is hereby authorized and directed to attest
ana affix the seal of the Issuer to, the Agreement, the Assignment and the Bond
Purchase Agreement and, where necessary, such other documents, certificates and
instruments as may be necessary or desirable to carry out and comply with the
intent of this Resolution.
Section 9. Further Authority. The Issuer shall, and ther officers and
agents of the Issuer are hereby authorized and directed to, take such action
and execute such other documencs, financing statements, certificates and
instruments including, without limitation, a certificate or certificates to
substantiate the conclusion that the Bond is not an "arbitrage bond" within
the meaning of Section 103(c) of the Internal Revenue Code of 1954, as amended,
and the regulations promulgated or proposed thereunder, as may be necessary or
desirable to carry out and comply with the intent of this Resolution and to
carry out, comply with and perform the duties of the Issuer with respect to the
Bond, the Agreement, the Assignment and the Bond Purchase Agreement, as executed
and all acts and doings of the officers of the Issuer which are in conformity
with the purposes and intent of this Resolution and in furtherance of the
issuance and sale of the Bond and the financing of the Project shall be, and
are hereby in all respects, authorized, approved and confirmed.
Section 10. Severability. The provisions of this resolution are hereby
declared to be separable, and if any section, phrase of provision shall for any
reason be declared invalid, such declaration shall not affect the validity of the
remainder of the sections, phrases and provisions hereof.
Section 11. Repeal of Inconsistent Ordinances, Resolutions and Orders. All
ordinances, resolution and orders, of parts thereof, in conflict with the provision
of this Resolution are, to the extent of such conflict, hereby repealed.
Section 12. Resolution Irrepealable. After the Bond is issued, this
Resolution shall be and remain irrepealable, until the Bond and the interest
thereon shall have been fully paid, cancelled and discharged.
Section 13. Effective Date. Immediately after its adoption, this Resolution
shall be signed by the President and Secretary of the Board of Directors of the
Issuer and shall take immediate effect.
Passed and approved , 1983.
President
Secretary
(SEAL)