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<br />. <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br />. <br /> <br />Bros. Inc. and Grigsby, Brandford & Co., Inc. are hereby <br />authorized to complete the Final Official Statement by the <br />inclusion and/or addition of certain dates and other factual <br />information as may be required to make it complete and to <br />distribute it to purchasers of the Certificates of <br />Participation. <br /> <br />7. The sale of the Certificates to Shearson Lehman <br />Bros. Inc. and Grigsby, Brandford & Co., Inc. at a purchase <br />price of not less than qR ~ Pprrpnt of the aggregate <br />principal amount of the Certificates and at an interest rate <br />of not to exceed 7.9 Percent is hereby authorized, approved <br />and confirmed, and the Chairman is hereby authorized, <br />empowered and directed to do all such acts and things and to <br />execute all such documents as may be necessary to effectuate <br />the sale of the Certificates. <br /> <br />8. Subject to the above terms, the form and content of <br />the Contract of Purchase is hereby authorized, approved and <br />confirmed, and the Chairman is hereby authorized, empowered <br />and directed to accept the Contract of Purchase for and on <br />behalf of the City in substantially the form and content now <br />before this meeting but with such changes, modifications, <br />additions or deletions therein as shall to him seem <br />necessary, desirable or appropriate, his acceptance thereof <br />to constitute conclusive evidence of his approval of any and <br />all changes, modifications, additions, or deletions therein <br />from the form and content of the Contract of Purchase now <br />before this meeting and that, from and after the execution <br />and delivery of the Contract of Purchase, the Chairman is <br />hereby authorized, empowered and directed to do all such acts <br />and things and to execute all such documents as may be <br />necessary to carry out and comply with the provisions of the <br />Contract of Purchase as executed. <br /> <br />9. The Agency covenants with holders of the <br />Certificates of Participation that it will make no use of the <br />proceeds from the sale of the Certificates which will cause <br />any of the Certificates to be "arbitrage bonds" subject to <br />federal income taxation by reason of Section 103 (c) of the <br />Internal Revenue Code of 1954, as amended. To that end, so <br />long as any of the Certificates of Participation are <br />outstanding, the Agency and the Trustee shall comply with all <br />requirements of Section 103(c) and of all regulations of the <br />United States Department of the Treasury issued thereunder, <br />to the extent that such requirements are at the time <br />applicable and in effect. <br /> <br />-4- <br />