1978-11 CRA - Laserfiche WebLink

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I 2/28/78 e (a) The opinion of O'Melveny & Myers of Los Angeles, California, Bond Counsel, approving the validity of the bonds and stating 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 said opinion of O'Me1veny & 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) A certificate of the Agency certifying that on the basis of the facts, estimates and circum- stances in exi~tence on the date of issue, it is not expected that the proceeds of the bonds will be used in a manner that would cause the bonds to be arbitrage bonds; (c) A certificate of the Agency signed by officers and representatives, acting in their respective official capacities, certifying to the following: ( 1) that said officers and representatives have signed the bonds, whether by facsimile or manual signature, and that they were respectively duly authorized to execute the same; (2) that there is no litigation threatened or pending affecting the validity of the bonds; (d) The receipt of the Agency or the Fiscal Agent showing that the purchase price of the bonds, including interest accrued to the date of delivery thereof, has been received by the Agency or the FISCal Agent. 0fIiclal Statement: The Agency will furnish to the successful bidder or bidders, as many copies of the Official Statement as said bidder or bidders shall request. No charge will be made to the successful bidder for the first 350 copies of the Official Statement. The Agency will deliver to the successful bidder, at the time of the delivery of the bonds a certificate o( the Executive Director of the Agency, acting in his official and not his personal capacity, to the effect that at the time of the sale of the bonds and at all times subsequent thereto up to and including the time of delivery of the bonds, the Official Statement relating to the bonds did not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in tight of the circumstances under which they were made, not misleading. . CUSIP Numbers: It is anticipated that CUSIP numbers will be printed on the bonds, but neither the failure to print such numbers on any bond nor error with respect thereto shall constitute cause for a failure or refusal by the purchaser thereof to accept delivery of and pay for the bonds in accordance with the terms of the purchase contract. All expenses of printing CUSIP numbers on the bonds shall be paid by the Agency, but the CUSIP Service Bureau charge for the assignment of said numbers shall be paid by the purchaser. Information Available: For details as to the items referred to in this notice, prospective bidders . are invited to examine the Official Statement and the Resolution relating to the issuance of the Bonds. Any requests for such documents and other information concerning the Agency and this proposed financing should be directed to: Stone & Younberg Municipal Financing Consultants, Inc. One California Street Suite 2750 San Francisco, California 94111 (415) 989-2300 GIVEN by order of the Community Redevelopment Agency of the City of Santa Ana, adopted February 28, 1978. Secretary of the Community Redevelopment Agency of the City of Santa Ana tt 4 6.