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ter~ <br />prov <br />auth <br />with <br />Agen <br />Coun <br />appr <br />acce <br />Agre <br />rate <br />and <br /> <br />pre~ <br />ther <br />desi <br />and <br />atte <br /> <br />form <br />addi <br />Mayo <br />here <br />here <br />beha <br /> <br />memo <br />Bond <br />City <br />info <br />sale <br />pre] <br />Bond <br />the <br />and <br /> <br />of [ <br />New <br />Rema <br />puts <br />form <br />addi <br />Mayo <br />here <br />to <br />Cit, <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 />)rized to be sold to the purchasers thereof pursuant to and in accordance <br /> the terms of the placement agency agreement therefor (the "Placement <br />~y Agreement") in substantially the form on file with the Clerk of the <br />.il. The Mayor or his designee is hereby authorized and directed to <br />)ve the terms of and accept an offer to purchase the Bonds which is <br />~table to the Mayor or his designee, and to execute the Placement Agency <br />)ment for and in the name and on behalf of the City; provided that the <br />of interest on the Bonds shall not exceed twelve percent (12%) per annum <br />the Bonds shall be sold to the purchasers for a price not less than <br />fy-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 />)to or changes therein deemed necessary or advisable by the Mayor or his <br />)nee, 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 /> presented to the City Council at this meeting, together with any <br />~ions thereto or changes therein deemed necessary or advisable by the <br /> or his designee, is hereby approved. The Mayor or his designee is <br /> )y authorized and directed to execute and the Clerk of the Council is <br /> )y authorized to attest the Loan Agreement for and in the name and on <br /> of the City. <br /> <br />Section 4. Private Placement Memorandum. The private placement <br />randum of the City (the "Private Placement Memorandum") relating to the <br />submitted to the City Council at this meeting, is hereby approved. The <br />'Council hereby authorizes the Private Placement Memorandum and the <br />marion contained therein to be used in connection with the offering and <br />of the Bonds, and the City Council hereby ratifies the distribution of a <br />)minary private placement memorandum to prospective investors of the <br />~. The Mayor or his designee is hereby authorized and directed to execute <br />Private Placement Memorandum and any amendment or supplement thereto, for <br />)n the name and on behalf of the City. <br /> <br />Section 5. Remarketing Agreement. The remarketing agreement, dated as <br />ecember l, 1984, by and among the Company, BankAmerica Trust Company of <br />York as remarketing agent (the "Remarketing Agent"), under which the <br />rketing Agent will use its best efforts to remarker any Bonds tendered <br />Jant to the Indenture (the "Remarketing Agreement"), in substantially the <br />submitted to the City Council at this meeting, together with any <br />tions thereto or changes therein deemed necessary or advisable by the <br />r of his designee, is hereby approved. The Mayor or his designee is <br />~y authorized to execute and the Clerk of the Council is hereby authorized <br />ttest the Remarketing Agreement for and in the name and on behalf of the <br /> <br />2 <br /> <br /> <br />