Laserfiche WebLink
<br />Section 3: The form, terms and provisions of <br /> <br />the Bond Purchase Agreement be and they hereby are <br /> <br />I <br />! <br />L <br /> <br />approved, and, subject to compliance with Section <br /> <br />91531 of the Act, the Chairman or Vice Chairman and <br /> <br />the Secretary be, and each of them hereby is, authorized <br /> <br />and empowered to execute and deliver the Bond Purchase <br /> <br />Agreement in substantially the form presented to and <br /> <br />considered at this meeting, with such changes as may <br /> <br />be approved by the officials executing the same, such <br /> <br />approval to be conclusively evidenced by execution <br /> <br />thereof. <br /> <br />Section 4: This Authority approves the issuance <br /> <br />of the Bond in the principal amount of $1,500,000 in <br /> <br />accordance with the terms of and secured by the <br /> <br />Indenture. <br /> <br />Payment of the principal of, any redemption <br /> <br />premHll1L and the l.l\'Lerest un d18 BUIlds sht.ll be made <br /> <br />solely from the Revenues to be received by the Authority <br /> <br />pursuant to the Agreement, and said Bonds shall not be <br /> <br />deemed to constitute a debt or liability of the Authority <br /> <br />or the City of Santa Ana. <br /> <br />l <br /> <br />Section 5: Subject to compliance with Section <br /> <br />91531 of the Act, the chairman or Vice Chairman, and <br /> <br />the Secretary are hereby authorized and directed to <br /> <br />5. <br />