1986-12 HA - Laserfiche WebLink

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. . . . . and Prudential-Bache Securities Inc., as underwriters, and the sale of the Bonds pursuant thereto upon the terms and conditions set forth therein is hereby approved and, subject to such approval and subject to the provisions of section 10 hereof, the Chairman, Vice Chairman, the Secretary or Housing Manaqer, is hereby authorized and directed to ev~dence the Authority's acceptance of the offer made by saidlond Purchase Agreement by executing and delivering said Bond Purchase Agreement in said form with such non-substantive ch~q.. therein as the officer executing the same may approve and8uch matters as are authorized by section 10 hereof, such approval to be conclusively evidenced by the execution and delivery thereof. section 10. Chair8aD or Vice Chair8aD or De8ignee Authorized to B8tablish Final ~ of Sale Bonds. The Chairman or Vice Chairman, based on such advice of the Authority staff as the Chairman or Vice Chai~ may deem necessary, is hereby authorized and directed to act on behalf of the Housing Authority to establish and determine (i) the final principal amount of the Bonds, which amount shall not exceed $8,400,0001 (ii) the initial interest rate on the Bonds, which rate shall not exceed 10-1/2% per ann~1 (iii) the underwriter's fee for the underwriting of the Bonds, which amount shall not exceed 3% of the principal amount of the Bonds, and (iv) such other matters as may relate to the final terms and provisions for the sale of the Bonds as may be consistent with the Indenture. The Chairman or Vice Chairman, upon the deterllination of such llatters, is further authorized and directed, in and for the name of the Authority, to execute any supplements or amendments to the Bond Purchase Aqreement as, based on such advice, IlaY be neoessary to include such llatters as so determined to be a part of the bond Purchase Agr....ot. The authorization and powers delegated to the Chairman or Vice Chairman by this section 10 shall be valid for a period of 90 days from the date of adoption of this Resolution. section 11. other Aqreeaents and Instrullents. The forms of the Intsrcorporate Agreement, dated as of December 1, 1986, by and amonq the Authority, the Trustee and Tokai Bank of California (the "Bank") (the "Intercorporate Aqreement"), and ancillary security documents required by the Bank are hereby approved and the Chairman or Vice Chairman and the Secretary or the Manaqer are hereby authorized and directed, for and in the name of the Authority to execute the Intercorporate Agreement and such ancillary documents in substantially the form hereby approved, with such non-substantive changes therein as the officers executing the same may approve, such approval to be conclusively evidenced by the execution and delivery thereof. section 12. Requisitions. The Chairman, vice Chairman, the Secretary or the Manager are hereby authorized and directed to execute one or more requisitions authorizing the Trustee to pay the cost of issuing the Bonds from the proceeds of the Bonds or otherwise pursuant to the Indenture. Section 13. Designation of Al~ocation. The Authority hereby designates to the Bonds the private activity bond allocation allocated to the City of Santa Ana for the Project pursuant to