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Section 1. The Council does hereby find and declare <br />that the above recitals are true and correct and that the <br />issuance of the Bonds is a municipal affair and a proper public <br />purpose. <br /> <br /> Section 2. Pursuant to the Law, the Bonds shall be <br />issued in an aggregate principal amount not to exceed <br />thirty-four million dollars ($34,000,0~). <br /> <br /> Section 3. The proposed form of indenture, dated as <br />of December 1, 1986 (the "Indenture"), between the City and the <br />trustee therein named (the "Trustee"), presented at this <br />meeting, is hereby approved. The Mayor, City Manager or the <br />authorized representative of either of them and the Clerk of <br />the Council or Deputy Clerk of the Council are hereby <br />authorized and directed, for and in the name of and on behalf <br />of the City, to execute, acknowledge and deliver to the Trustee <br />an Indenture in substantially said form, with such changes <br />therein as the officers executing the same, with the advice of <br />the City Attorney, may approve, such approval to be <br />conclusively evidenced by the execution and delivery thereof. <br />The date, maturity dates, interest rate or rates, interest <br />payment dates, denominations, forms, registration privileges, <br />manner of execution, place or places of payment, terms of <br />redemption and other terms of the Bonds shall be as provided in <br />said Indenture as finally executed. <br /> <br /> Section 4. The Mayor, City Manager or authorized <br />representative of either of them is hereby authorized to <br />appoint a Trustee for the City and the holders of the Bonds, <br /> <br /> <br />