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1997-05 HA
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1997-05 HA
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Last modified
1/3/2012 12:20:04 PM
Creation date
2/28/2005 3:58:12 PM
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City Clerk
Doc Type
Resolution
Doc #
HA 1997-05
Date
12/15/1997
Destruction Year
PERM
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<br />~ <br /> <br />. <br /> <br />in the name and on behalf of the Authority, to execute and deliver <br />the Loan Agreement in said form, with such additions thereto or <br />changes therein as are recommended or approved by such officers upon <br />consultation with bond counsel to, the Authority, including such <br />additions or changes as are necessary or advisable in accordance with <br />section 8 hereof, the approval of such additions or changes to be <br />conclusively evidenced by the execution and delivery by the Authority <br />of the Loan Agreement. <br /> <br />section 5. The amended and restated regulatory agreement and <br />declaration of restrictive covenants (the "Regulatory Agreement") <br />among the Authority, the Borrower, and the Trustee, in the form <br />presented to this rneeting, is hereby approved. The Designated <br />Officers are, and each of them acting alone is, hereby authorized and <br />directed for and in the name of and on behalf of the Authority, to <br />execute and deliver the Regulatory Agreement in said form, with such <br />additions thereto or changes therein as are recommended or approved <br />by such officers upon consultation with bond counsel to the <br />Authority, including such additions or changes as are necessary or <br />advisable in accordance with section 8 hereof, the approval of such <br />changes or additions to be conclusively evidenced by the execution <br />and delivery by the Authority of such Agreernent. <br /> <br />. <br /> <br />Section 6. The supplernental agreernent (the "Supplemental <br />Agreernent") among the Authority, the Borrower and Nations Credit <br />Commercial Corporation, or any successor thereto (the "Purchaser"), <br />in the form presented to this meeting, is hereby approved. The <br />Designated Officers are, and each of them acting alone is, hereby <br />authorized and directed, for and in the name and on behalf of the <br />Authority, to execute and deliver said Supplernental Agreement in said <br />forrn, with such additions thereto or changes therein as are <br />recommended or approved by such officers upon consultation with bond <br />counsel to the Authority, the approval of such additions or changes <br />to be conclusively evidenced by the execution and delivery by the <br />Authority of the Supplemental Agreernent. <br /> <br />section 7. The Bonds, when executed, shall be delivered to the <br />Trustee for authentication. The Trustee is hereby requested and <br />directed to authenticate the Bonds by executing the Trustee's <br />certificate of authentication and registration appearing thereof, and <br />to deliver the Bonds, when duly executed and authenticated, to the <br />Purchaser in accordance with written instructions executed on behalf <br />of the Authority by one of the Designated Officers, which <br />instructions such officers are, and each of them is, hereby <br />authorized and directed, for and in the narne and on behalf of the <br />Authority, to execute and deliver to the Trustee. Such instructions <br />shall provide for the delivery of the Bonds to the Purchaser in <br />accordance with the Purchase Contract, upon payment of the purchase <br />price therefor. <br /> <br />. <br /> <br />section 8. All actions heretofore taken by the officers and <br />agents of the Authority with respect to the establishment of the <br />
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