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approval to be conclusively evidenced by the execution <br />thereof. <br /> <br /> Section 5: The form, terms and provisions of the <br />Placement Agreement be and they hereby are approved, and, <br />subject to compliance with Ordinance No. NS~1609, the City <br />Manager and Assistant City Manager be, and each of them, acting <br />alone, hereby is authorized and empowered to execute and the <br />City Clerk and Assistant City Clerk be, and each of them, <br />acting alone, hereby is authorized and empowered to attest <br />and deliver the Placement Agreement in substantially the form <br />presented to and considered at this meeting, with such changes <br />as may be approved by the officials executing the same, such <br />approval to be conclusively evidenced by execution thereof. <br /> <br /> Section 6: This City approves the issuance of the <br /> Bonds in the principal amount of not to exceed $4,000,000 in <br /> accordance with the terms of and secured by the Indenture. <br /> Payment of the principal of, any redemption premium and the <br /> interest on the Bonds shall be made solely from the revenues <br /> to be received by the City pursuant to the Agreement, and <br /> <br /> said Bonds shall not be deemed to constitute a debt or lia- <br />~bility of the City of Santa Ana. <br /> <br />No. <br />be, <br />directed to execute the Bonds in the name <br /> <br /> 6 <br /> <br /> Section 7: Subject to compliance with Ordinance <br />NS-1609, the City Manager and the Assistant City Manager <br />and each of them, acting alone, hereby is authorized and <br /> <br /> and on behalf of <br /> <br /> <br />