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Section 4. The form of the Master Installment Pumhase Agreement, on file
<br />with the Clerk of the Council, is hereby approved, and the Mayor of the City, or such
<br />other member of the City Council as the Mayor may designate, City Manager, the
<br />Assistant City Manager, the Clerk of the Council and the Executive Director, Finance
<br />and Management Services Agency (the "Authorized Officers"), are each hereby
<br />authorized and directed, for and in the name and on behalf of the City, to execute and
<br />deliver the Master Installment Purchase Agreement in substantially said form, with such
<br />changes, insertions and omissions therein as the Authorized Officer executing the same
<br />may require or approve, such approval to be conclusively evidenced by the execution
<br />and delivery thereof.
<br />
<br /> Section 5. The form of First Supplement, on file with the Clerk of the Council,
<br />is hereby approved, and the Authorized Officers are each hereby authorized and
<br />directed, for and in the name and on behalf of the City, to execute and deliver the First
<br />Supplement in substantially said form, with such changes therein as the Authorized
<br />Officer executing the same may require or approve, such approval to be conclusively
<br />evidenced by the execution and delivery thereof; provided, however, that the aggregate
<br />amount of the principal components of the installment payments shall not exceed
<br />$22,000,000 and the true interest cost applicable to the interest components of the
<br />installment payments shall not exceed 5.0% per annum.
<br />
<br /> Section 6. The form of Indenture, on file with the Clerk of the Council, with
<br />such changes, insertions and omissions therein as an authorized officer of the Authority
<br />executing the same may require or approve, such approval to be conclusively
<br />evidenced by the execution and delivery thereof, is hereby approved; provided,
<br />however, that the aggregate amount of the Bonds shall not exceed $22,000,000, the
<br />final maturity date of the Bonds shall be no later than September 1, 2024 and the true
<br />interest cost applicable to the Bonds shall not exceed 5.0% per annum and, provided,
<br />further, that such changes, insertions and omissions shall be consistent with the terms
<br />of the Bonds established by the Purchase Contract as finally executed.
<br />
<br /> Section 7. The issuance of not to exceed $22,000,000 aggregate principal
<br />amount of the Bonds, in the principal amounts, bearing interest at the rates and
<br />maturing on the dates as specified in the Indenture as finally executed, is hereby
<br />approved.
<br />
<br /> Section 8. The form of Purchase Contract, on file with the Clerk of the Council,
<br />is hereby approved, and the Authorized Officers are each hereby authorized and
<br />directed, for and in the name and on behalf of the City, to execute and deliver the
<br />Purchase Contract in substantially said form, with such changes therein as the
<br />Authorized Officer executing the same may require or approve, such approval to be
<br />conclusively evidenced by the execution and delivery thereof; provided, however, that
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