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RESOLUTION 94-00 lSAFA <br />Page 4 <br /> <br />approval to be conclusively evidenced by the execution and <br />delivery thereof; provided, however, that such authority to <br />execute the Purchase Contract is conditioned upon a net interest <br />rate on the Bonds of not to exceed 6.75% per annum and an <br />Underwriter's discount (exclusive of original issue discount) of <br />not to exceed 1.00% of the principal amount of the Bonds. <br /> <br /> Section 7. The execution and delivery of not to exceed <br />$110,000,000 aggregate principal amount of the Bonds, payable in <br />the years and in the amounts with interest rates with respect <br />thereto as specified in the Indenture as finally executed, are <br />hereby authorized and approved and the Chairman of the Authority <br />is hereby authorized and directed to execute and the Secretary is <br />hereby authorized and directed to countersign each of the Bonds <br />on behalf of the Authority. <br /> <br /> Section 8. The form of Preliminary Official Statement, <br />on file with the Secretary, with such changes therein as may be <br />approved by the Executive Director and the Authority Counsel, is <br />hereby approved and the use of the Preliminary official Statement <br />in connection with the offering and sale of the Certificates is <br />hereby authorized and approved. An Officer is authorized and <br />directed, for and in the name of and on behalf of the Authority, <br />to execute and deliver a certificate deeming the Preliminary <br />official Statement final as of its date, except for certain final <br />pricing and related information, for purposes of Securities <br />Exchange Commission Rule 15c2-12. <br /> <br /> Section 9. The preparation and delivery of an official <br />Statement, and its use by the Underwriter in connection with the <br />offering and sale of the Certificates, is hereby authorized and <br />approved. The Official Statement shall be in substantially the <br />form of the Preliminary Official Statement with such changes, <br />insertions and omissions as may be approved by the Executive <br />Director or the City Manager, such approval to be conclusively <br />evidenced by the execution and delivery thereof. The Executive <br />Director or the City Manager is hereby authorized and directed, <br />for and in the name of and on behalf of the Authority, to execute <br />the final Official Statement and any amendment or supplement <br />thereto and thereupon to cause the final Official Statement and <br />any such amendment or supplement to be delivered to the <br />Underwriter. <br /> <br /> Section 10. Ail actions heretofore taken by the <br />Officers, agents and employees of the Authority with respect to <br />the sale, execution and delivery of the Bonds are hereby <br />approved, confirmed and ratified, and the Officers and Authority <br />Counsel and any and all other officers of the Authority are <br />hereby authorized and directed, for and in the name of and on <br />behalf of the Authority, to do any and all things and take any <br />and all actions, including (without limitation) the securing of a <br />policy of municipal bond insurance and/or reserve fund surety for <br />the Bonds; the execution and delivery of any and all <br />certificates, requisitions and agreements; the conformation of <br /> <br />LA. 1-63375.1 4 40990-9-WWB-02/03/94 <br /> <br /> <br />