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448 <br /> <br /> Resolution <br /> Page 6 <br /> <br />No. 88- 74 <br /> <br /> SECTION 4. Authorization of Representative to Approve <br />Purchase contract Relating to Authorit~ Bonds. The <br />representatives of the City of the Authority are hereby <br />authorized and directed to approve, as representatives of <br />the City to the Authority, the execution and delivery by the <br />Authority of a Purchase Contract relating to the Bonds with <br />municipal bond underwriters; provided that the underwriters' <br />discount thereunder shall not exceed 2.35% of the aggregate <br />principal amount of the Bonds. <br /> <br /> SECTION 5. Authorization of Representatives <br /> <br />Official Statement Relating <br />representatives of the city <br />authorized and directed <br /> <br /> to Authorit~ Bonds. <br /> <br /> to the Authority are <br /> <br />to approve, as representatives <br /> <br />to Approve <br />The <br />hereby <br /> <br />the City to the Authority, the <br />the Authority of a Preliminary <br />Official Statement relating to <br /> <br />execution and distribution by <br />Official Statement and an <br />the Bonds. <br /> <br /> SECTION 6. Authorization of Representatives to Take <br />Further Actions Relating to Authority Bonds. The <br />representatives Of the City to the Authority are hereby <br />authorized and directed to do any and all things which they <br />may deem necessary or advisable in order to consummate the <br />issuance, sale and delivery of the Bonds, including approval <br />of execution by the Authority of the First Amendment to <br />Liability Risk Coverage Agreement and a First Amendment to <br />Trust Indenture relating to the Bonds. <br /> <br />of <br /> <br /> <br />