1981-040 CRA - Laserfiche WebLink

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Bonds to be Outstanding immediately after the authenticati.on and delivery of the series of' Bonds being issued, and showing that such Pledged Revenues together with any other revenues or funds estimated by the Agency to be available therefor are in each such Bond Year in éxcess of such Debt Service for such year and that the remaining balance in each such Bond Year will be sufficient to pay the Operating Expenses estimated by the Agency for such Bond Year, which Certificate may rely upon data and computations made on behalf .of the Agency by a nationally recognized underwriting or investment banking firm. 208. Sale of Bonds; Approval of Official Statement. The Bonds authorized t.o be issued herein shall be s.old to the purchasers on the terms and conditions set f.orth in the Bond Purchase Contract this date presented to the Agency, which is hereby approved, and upon the basis of. the representations herein set f.orth. The Chairman and the Secretary are hereby authorized to execute and attest, respectively, the Bond Purchase Contract evidencing the acceptance thereof by the Agency, and t.o approve and insert into this Resolution and the Bonds the maturities and interest rates which the Bonds will bear and the price at which said Bonds shall be sold and to make such other insertions, de1eti.ons or modificati.ons as may be necessary to ensure prompt delivery of the Bonds all as approved by counsel to the Agency. The final Official Statement relating t.o the Bonds substantially in form this date presented t.o the Agency and its distribution are hereby approved. The Preliminary Official Statement dated May 12, 1981, relating to the Bonds is hereby approved and its disbribution is hereby ratified by the Agency. 209. De1ivery.of B.onds. The Bonds shall be delivered to the purchasers named in the B.ond Purchase C.ontract, upon c.omp1iance with the provisions of Section 207 .of this Res.o1ution, at such time and place as shall be determined by the Executive Director of the Agency, subject to the provisions of the Bond Purchase Contract. 210. Authority to Consummate Transaction. The Chairman of the Agency, the Secretary, Executive Director or their deputies or assistant and other pr.oper officers of the Agency are hereby auth.orized and directed t.o execute and deliver any and all papers and instruments and to d.o and cause to be done any and all acts and things necessary or proper for carrying out the transactions contemplated by this Resolution. 211. Provisions for Refunding Issue. (A) One or more series of Refunding Bonds may be authenticated and delivered upon original issuance to refund all Outstanding Bonds or any portion there.of. Bonds of the series of Refunding Bonds shall be issued in a principal amount sufficient, together with other moneys available therefor, t.o accomplish such refunding and to make such deposits required by the provisions of the Act, this Section and of the resolution authorizing said series of Refunding Bonds. (B) The Refunding Bonds may be authenticated and delivered .only upon receipt by the Trustee (in addition to the receipt by it of the documents required by Section 207) of: 17 . . . . .