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1984-015
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INDUSTRIAL DEVELOPMENT AUTHORITY
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1984-015
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Last modified
1/3/2012 12:19:46 PM
Creation date
1/12/2006 2:46:50 PM
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City Clerk
Doc Type
Resolution
Doc #
IDA 1984-015
Date
12/10/1984
Destruction Year
PERM
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<br />L <br /> <br />l <br /> <br />issuance of the Bonds, which Official Statement shall be <br />consistent with the Preliminary Official Statement but which <br />may contain such changes as the Chairman or the Secretary <br />deem necessary and appropriate to effectuate the purposes of <br />this Resolution, with distribution of the Official Statement <br />as conclusive evidence of the validity and due authorization <br />of any such changes; and <br /> <br />SECTION 7. That the form of the Indenture authorizing <br />the issuance of the Bonds (and containing, among other <br />things, a form thereof) and setting forth the basic terms <br />and conditions relating thereto, in substantially the form <br />filed with the Secretary of this Authority, be, and it here- <br />by is, authorized, adopted, confirmed and approved; and <br /> <br />SECTION 8. That the form of the Loan Agreement pur- <br />suant to which the proceeds of the Bonds will be loaned to <br />the Company, in substantially the form filed with the Sec- <br />retary of this Authority, be, and hereby is, adopted, con- <br />firmed and approved; and <br /> <br />SECTION 9. That the form of the Purchase Agreement <br />pursuant to which the Underwriter will purchase the Bonds <br />from the Authority, in substantially the form filed with the <br />Secretary of this Authority, be, and it hereby is, adopted, <br />confirmed and approved; <br /> <br />SECTION 10. That the Chairman and the Secretary of the <br />Authority are hereby authorized for and on behalf of the <br />Authority to execute and deliver the Indenture, the Loan <br />Agreement, and the Purchase Agreement substantially in the <br />forms filed with the Secretary of this Authority, with such <br />additions thereto (including without limitation the deter- <br />mination of an interest rate on the Bonds not exceeding <br />twelve percent (12%) per annum and an underwriter's discount <br />not exceeding five percent (5%) of the aggregate principal <br />amount of the Bonds) or changes therein as they may require <br />or approve and as shall be approved by bond counsel to the <br />Authority for the Bonds, such approvals to be conclusively <br />evidenced by the execution and delivery of such documents; <br />and <br /> <br />SECTION 11. That the Chairman or Secretary of the <br />Authority, and any other officers or employees of the Auth- <br />ority, designated by certificate of any of the aforesaid <br />officers, are hereby authorized, directed and empowered to <br />execute and deliver any certificates, requests, agreements, <br />or other documents, with such changes as they deem necessary <br />and appropriate to effectuate the intent of this Authority <br /> <br />3 <br />
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