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ter <br />pre <br />aut <br />~it <br />the <br />wit <br />and <br />whi <br />Put <br />tha <br />per <br />tha <br /> <br />pre <br />the <br />des <br />and <br />att <br /> <br />for <br />add <br /> <br />her <br />her <br />beh <br /> <br />off <br />Bon <br />the <br />E×e <br />off <br />~nd <br />act <br />req <br />doc <br /> <br />ord <br />acc <br />res <br /> <br />~s and provisions of the Law and the Indenture, all of which terms and <br />~Isions are incorporated herein by reference. The Bonds are hereby <br />norized to be sold to the purchasers thereof pursuant to and in accordance <br />~ the terms of a bond purchase agreement or placement agency agreement <br />refor (the "Bond Purchase Agreement") in substantially the form on file <br />~ the Clerk of the Council. The Mayor or. his designee is hereby authorized <br />directed to approve the terms of and accept an offer to purchase the Bonds <br />ch is acceptable to the Mayor or his designee, and to execute the Bond <br />chase Agreement for and in the name and on behalf of the City; provided <br />t the rate of interest on the Bonds shall not exceed twelve percent (12%) <br />annum and the Bonds shall be sold to the purchasers for a price not less <br />ninety-five percent (95%) of the par value thereof. <br /> <br /> Section 2. Indenture. The Indenture, in substantially the form <br />)nted to the City Council at this meeting, together with any additions <br />eto or changes therein deemed necessary or advisable by the Mayor or his <br />)ghee, is hereby approved. The Mayor or his designee is hereby authorized <br />directed to execute and the Clerk of the Council is hereby authorized to <br />)st the Indenture for and in the name and on behalf of the City. <br /> <br /> Section 3. Loan Agreement. The Loan Agreement, in substantially the <br />n presented to the City Council at this meeting, together with any <br />)tions thereto or changes therein deemed necessary or advisable by the <br />>r or his designee, is hereby approved. The Mayor or his designee is <br />)by authorized and directed to execute and the Clerk of the Council is <br />)by authorized to attest the Loan Agreement for and in the name and on <br />~lf of the City. <br /> <br /> Section 4. Official Action. All actions heretofore taken by the <br />)cers and agents of the City with respect to the sale and issuance of the <br />~s are hereby approved, confirmed and ratified, and the Mayor, the Clerk of <br />Council, the Executive Director of the Economic Development Agency, the <br />:utive Director of Finance, the City Attorney and any and all other <br />leers of the City are hereby authorized and directed, for and in the name <br /> on behalf of the City, to do any and all things and take any and all <br />ions relating to the execution and delivery of any and all certificates, <br />Jisitions, assignments, instruments of transfer, agreements and other <br />Jments, including but not limited to those described in the Bond Purchase <br />)ement, which they, or any of them, may deem necessary or advisable in <br />)r to consummate the lawful issuance and delivery of the Bonds in <br />)rdance with the Bond Purchase Agreement, the Indenture, the Law and this <br />>lution. <br /> <br />2 <br /> <br /> <br />