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• RESOLUTION 94-00 1SAFA Page 4 approval to be conclusively evidenced by the execution and delivery thereof; provided, however, that such authority to execute the Purchase Contract is conditioned upon a net interest rate on the Bonds of not to exceed 6. 75% per annum and an Underwriter' s discount (exclusive of original issue discount) of not to exceed 1. 00% of the principal amount of the Bonds. Section 7 . The execution and delivery of not to exceed $110, 000, 000 aggregate principal amount of the Bonds, payable in the years and in the amounts with interest rates with respect thereto as specified in the Indenture as finally executed, are hereby authorized and approved and the Chairman of the Authority is hereby authorized and directed to execute and the Secretary is hereby authorized and directed to countersign each of the Bonds on behalf of the Authority. Section 8 . The form of Preliminary Official Statement, on file with the Secretary, with such changes therein as may be approved by the Executive Director and the Authority counsel, is hereby approved and the use of the Preliminary Official Statement in connection with the offering and sale of the Certificates is hereby authorized and approved. An Officer is authorized and directed, for and in the name of and on behalf of the Authority, to execute and deliver a certificate deeming the Preliminary Official Statement final as of its date, except for certain final pricing and related information, for purposes of Securities Exchange Commission Rule 15c2-12 . Section 9 . The preparation and delivery of an Official Statement, and its use by the Underwriter in connection with the offering and sale of the Certificates, is hereby authorized and approved. The Official Statement shall be in substantially the form of the Preliminary Official Statement with such changes, insertions and omissions as may be approved by the Executive Director or the City Manager, such approval to be conclusively evidenced by the execution and delivery thereof. The Executive Director or the City Manager is hereby authorized and directed, for and in the name of and on behalf of the Authority, to execute the final Official Statement and any amendment or supplement thereto and thereupon to cause the final Official Statement and any such amendment or supplement to be delivered to the Underwriter. Section 10 . All actions heretofore taken by the Officers, agents and employees of the Authority with respect to the sale, execution and delivery of the Bonds are hereby approved, confirmed and ratified, and the Officers and Authority Counsel and any and all other officers of the Authority are hereby authorized and directed, for and in the name of and on behalf of the Authority, to do any and all things and take any and all actions, including (without limitation) the securing of a policy of municipal bond insurance and/or reserve fund surety for the Bonds; the execution and delivery of any and all certificates, requisitions and agreements; the conformation of Do-on5.1 4 4 W<uL5-\'WH-02/03194