1978-12 CRA - Laserfiche WebLink

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.1 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 8~: 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 844 45 46 47 48 49 50 51 52 53 64 55 56 57 58 59 60 61 82 63 864 65 66 67 68 68 70 71 72 73 74 76 Proof of Fobrua" 16, 1870 SANTA ANA~7!)~ !3owne of San Francisco, Inc" 981-7882 GALLEY 21~ Amendment of the Resolution The Resolution may be modified or amended only with the consent of the holders of 60% of all Bonds then outstanding (exclusive of Bonds owned by the Agency or the city) unless the modification or amendment is for the purpose of curing ambiguities or defects in the Resolution; or grants or confers upon the Bondholders additional rights, remedies, powers, authority or security, or to add additional covenants or to provide for the issuance of additional bonds in conformity with the Resolution, in which case no Bondholder's consent is required. No modi- fication or amendment of the Resolution shall, with- out the express consent of the Bondholder, reduce the principal amount of any Bond, reduce the inler- est rate payable thereon, advance the earliest re- demption date, reduce the premium payable upon redemption thereof, extend the maturity of the Bonds or the time for paying interest thereon, change the monetary medium in which principal and interest is payable or reduce the percentage of consent required for amendment or modification of the Resolution, Closing Documents Each proposal will be understood to be condi- tioned upon the Agency furnishing to the Purchaser, without charge, concurrently with payment for and delivery of the Bonds, the following closing docu- ments, each dated the date of delivery: (a) Legal opinion-The opinion of O'Melveny & Myers of Los Angeles, California, Bond Coun- sel, approving the validity of the Bonds and stat- ing that interest on the Bonds is exempt from income taxes of the United States of America under present federal income tax laws, and that such interest is also exempt from personal income taxes of the State of California under present state income tax laws, A copy of the opinion of O'Melveny & Myers, certified by an officer of the Agency by facsimile signature, will be printed on the back of each Bond, No charge will be made to the Purchaser for such printing or certification, (b) Non-Arbitrage Certi{icate-A certificate of Ihe Treasurer of the Agency that on Ihe basis of the facts, estimales and circumstances in exisl- ence on the date of issue, it is not expected that the proceeds of the Bonds will be used in a man- ner Ihat would cause the Bonds to be arbitrage bonds.