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required and in a timely manner; and (e) if deemed necessary or advisable by their officers, to <br /> employ and pay fiscal agents, financial advisors, attorneys, and other persons to assist the City in <br /> such compliance. <br /> Section 17. Reimbursement. With respect to expenditures for the Project paid within the <br /> 60 day period ending on this date and with respect to which no declaration of intent was previously <br /> made, the City hereby declares its intent to reimburse such expenditures and hereby allocates <br /> proceeds of the Project Bonds in the amount indicated in the Tax Exemption Certificate and <br /> Agreement to be delivered in connection with the issuance of the Project Bonds to reimburse said <br /> expenditures. <br /> Section I8. Designation of Issue. The Project Bonds may be issued as "bank qualified" <br /> bonds, as set forth in the Bond Notification therefor. The City designates each such Project Bond <br /> as a "qualified tax-exempt obligation" for the purposes and within the meaning of <br /> Section 265(b)(3)of the Code. <br /> Section 19. Registered Form. The Bonds shall be issued in fully registered form and the <br /> City agrees that it will not take any action to permit the Bonds to be issued in, or converted into, <br /> bearer or coupon form. <br /> Section 20. Rights and Duties of Bond Registrar and Paying Agent. If requested by the <br /> Bond Registrar or the Paying Agent, or both, any officer of the City is authorized to execute <br /> standard forms of agreements between the City and the Bond Registrar or Paying Agent with <br /> respect to the obligations and duties of the Bond Registrar or Paying Agent hereunder. In addition <br /> to the terms of such agreements and subject to modification thereby,the Bond Registrar and Paying <br /> Agent by acceptance of duties hereunder agree: <br /> (a) to act as bond registrar,paying agent, authenticating agent, and transfer agent <br /> as provided herein; <br /> -30- <br />