1989-08 CRA - Laserfiche WebLink

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.' . . . . . " ~< hereby approves the Indenture in substantially the form thereof on file with the Secretary together with any additions thereto or changes therein deemed necessary or advisable by the Executive Director. The Chairman and Secretary of the Agency are hereby authorized and directed to execute, attest and affix the seal of the Agency to the Indenture for and in the name and on behalf of the Agency. The Agency hereby authorizes the delivery and performance of the Indenture. Section 2. Sale of Bonds. The Agency hereby authorizes the sale of the Bonds to the Underwriter pursuant to and in accordance with the Bond Purchase Agreement in substantially the form on file with the Secretary together with any additions thereto or changes therein approved by the Executive Director, whose execution thereof shall be conclusive evidence of such approval. The Agency hereby delegates to the Executive Director the authority to accept an offer from the Authority to purchase the Bonds and to execute said Bond Purchase Agreement for and in the name and on behalf of the Agency; provided, however, that the net effective rate of interest borne by all of the Bonds shall not exceed nine percent (9%) per annum and the purchase price paid to the Agency for the purchase of Bonds shall not be less than ninety-eight percent (98%) of the par amount thereof. Section 3. Official Statement. The Agency hereby approves the preliminary Official Statement describing the Bonds, in substantially the form submitted by the Underwriter and on file with the Secretary, together with any changes therein or additions thereto approved by the Executive Director, whose execution thereof shall be deemed conclusive evidence of his approval of such additions or changes. The Underwriter is hereby authorized to distribute the Official Statement in connection with the marketing of the Bonds. The Executive Director is hereby authorized and directed to approve any changes in or additions to the final form of such Official Statement as the Executive Director shall deem advisable, and to execute said final Official Statement for and in the name and on behalf of the Agency. Section 4. Appointment of Remarketing Agent; Cancellation of 1985 Remarketing Agreement. The Agency hereby approves the substitution of the firm of Donaldson, Lufkin & Jenrette Securities Corporation to act as the remarketing agent of the Series E Bonds. In accordance with Section 7 of Remarketing Agreement dated as of December 30, 1985, relating to the Series E Bonds (the "1985 Remarketing Agreement"), the Agency hereby authorizes and directs the cancellation of such Remarketing Agreement for the purpose of removing the remarketing agents appointed thereunder. Such cancellation shall not become effective prior to the execution and delivery by Donaldson, Lufkin & Jenrette Securities Corporation of an agreement with the Agency containing substantially the same terms and provisions of the 1985 Remarketing Agreement, which agreement is hereby authorized to be executed and attested by the Chairman and Secretary of the Agency. Section 5. Employment of Professional Services. The Agency hereby approves the engagement of Jones Hall Hill & White, A Professional Law Corporation, as bond counsel to the Agency in connection with the issuance of the Bonds, and the engagement of Katz Hollis Coren & Associates, Inc. as redevelopment consultants to the Agency in connection with the issuance of the Bonds. The Executive Director is hereby authorized and directed to execute each of the agreements with such firms, in the respective forms on file with the Secretary, for and in the name of the Agency. -2-