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(c) City Representative. David Biggs, Economic Develop- <br />ment Specialist, is hereby designated to act as the representa- <br />tive of the City in connection with the issuance of the Bonds <br />and the disposition of the proceeds from the sale thereof; and <br />he is authorized and directed to provide such approvals, <br />certificates and orders of the City not inconsistent with the <br />terms hereof as may be necessary or convenient in order to <br />carry out the purposes of this Resolution of Issuance. <br /> <br /> ARTICLE II <br /> BONDS <br /> 2.01. Authorized Amount and Form of Bonds. The <br /> <br />issuance of the Bonds pursuant to this Resolution of Issuance <br />and in accordance with the Indenture is hereby approved. The <br />Bonds shall be in substantially the form set forth in the <br />Indenture, with such appropriate variations, omissions and <br />insertions as are permitted or required by this Resolution of <br />Issuance, and in accordance with the further provisions hereof; <br />and the total principal amount of the Bonds which may be out- <br />standing hereunder is expressly limited to $27,500,000. <br /> <br /> 2.02. Terms of the Bonds. The Bonds shall be payable <br /> <br />at the times and in the manner and shall bear interest at the <br />rates as set forth in the Indenture and the Bond Purchase <br />Contract and shall be subject to such other terms and <br />conditions as are set forth therein. The Bonds are limited <br /> <br />-7- <br /> <br /> <br />