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Bonds shall for some other reason not be deemed advisable, but the Designated Officials shall <br /> have the authority to sell the Bonds in any event so long as the limitations set forth in this <br /> Ordinance and the conditions of this Section shall have been met. Upon the sale of the Bonds,the <br /> Designated Officials and any other officers of the City as shall be appropriate, shall be and are <br /> hereby authorized and directed to approve or execute,or both,such documents of sale of the Bonds <br /> as may be necessary, including, without limitation, the Bond Notification, Preliminary Official <br /> Statement, Official Statement, Bond Purchase Contract (as hereinafter defined), and closing <br /> documents. The Designated Officials must find and determine in the Bond Notification that no <br /> person holding any office of the City either by election or appointment,is in any manner financially <br /> interested either directly, in his or her own name, or indirectly in the name of any other person, <br /> association, trust or corporation in said Bond Purchase Contract with the Purchaser for the <br /> purchase of the Bonds. The distribution of the Preliminary Official Statement relating to the Bonds <br /> is hereby in all respects authorized and approved, and the proposed use by the Purchaser of an <br /> Official Statement (in substantially the form of the Preliminary Official Statement but with <br /> appropriate variations to reflect the final terns of the Bonds)is hereby approved. The Designated <br /> Officials shall execute a bond purchase contract for the sale of the Bonds to the Purchaser (the <br /> "Bond Purchase Contract") in the form approved by the corporation counsel of the City. Upon <br /> the sale of the Bonds, the Designated Officials shall prepare the Bond Notification, which shall <br /> include the pertinent details of sale as provided herein, and such shall be entered into the records <br /> of the City and made available to all Council members at the next public meeting thereof. The <br /> Designated Officials shall also file with the County Clerk the Bond Notification. The authority <br /> granted in this Ordinance to the Designated Officials to sell Bonds as provided herein shall expire <br /> on August 22, 2022. <br /> -22- <br />