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3. The Trust Agreement is hereby approved and the <br />Mayor is hereby authorized and directed to execute and <br />deliver the Trust Agreement in the name of and on behalf of <br />the ~t~, in substantially the form and content now before <br />thi~,me~tinG, but with such change~, modifications, additions <br />and deletions therein as shall be deeme-~ necessary, desirable <br />or appropriate by the Mayor. <br /> <br /> 4. The Loan Agreement is hereby approved and the Mayor <br />is hereby authorized and directed to execute and deliver the <br />Loan Agreement in the name of and on behalf of the City, in <br />substantially the form and content now before this meeting, <br />but with such changes, modifications, additions and deletions <br />therein as shall be deemed necessary, desirable or <br />appropriate by the Mayor. <br /> <br /> 5. The form of the Preliminary Official Statement, in <br />the form presented to the City, is hereby approved and the <br />previous distribution of said Preliminary Official Statement <br />by Shearson Lehman Bros. Inc. and Grigsby, Brandford & Co., <br />Inc. to prospective purchasers of the Certificates of <br />Participation is hereby ratified and approved. <br /> <br /> 6. The form of the Final Official Statement, in <br />substantially the form of the Preliminary Official Statement <br />presented to the City, is hereby approved and Shearson Lehman <br />Bros. Inc. and Grigsby, Brandford & Co., Inc. are hereby <br />authorized to complete the Final Official Statement by the <br />inclusion and/or addition of certain dates and other factual <br />information as may be required to make it complete and to <br />distribute it to purchasers of the Certificates of <br />Participation. <br /> <br /> 7. The sale of the Certificates to Shearson Lehman <br />Bros. Inc. and Grigsby, Brandford & Co., Inc. at a purchase <br />price of not less than 98.5~ of the aggregate principal <br />amount of the Certificates and at an interest rate of not to <br />exceed 7.9% is hereby authorized, approved and <br />confirmed, and the Mayor is hereby authorized, empowered and <br />directed to do all such acts and things and to execute all <br />such documents as may be necessary to effectuate the sale of <br />the Certificates. <br /> <br /> 8. Subject to the above terms, the form and content of <br />the Contract of Purchase is hereby authorized, approved and <br />confirmed, and the Mayor is hereby authorized, empowered and <br />directed to accept the Contract of Purchase for and on behalf <br />of the City in substantially the form and content now before <br />this meeting but with such changes, modifications, additions <br />or deletions therein as shall to him seem necessary, <br />desirable or appropriate, his acceptance thereof to <br />constitute conclusive evidence of his approval of any and all <br /> <br />-3- <br /> <br /> <br />