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The Council hereby authorizes the officials of the City responsible for issuing the Bonds, <br /> the same being the Mayor, the City Clerk and the Treasurer, to make such further covenants and <br /> certifications as may be necessary to assure that the use thereof will not cause the Bonds to be <br /> arbitrage bonds and to assure that the interest on the Bonds will be exempt from federal income <br /> taxation. In connection therewith, the City and the Council further agree: (a) through their <br /> officers, to make such further specific covenants, representations as shall be truthful, and <br /> assurances as may be necessary or advisable; (b) to consult with counsel approving the Bonds and <br /> to comply with such advice as may be given; (c) to pay to the United States, as necessary, such <br /> sums of money representing required rebates of excess arbitrage profits relating to the Bonds; <br /> (d)to file such forms, statements, and supporting documents as may be required and in a timely <br /> manner;and(e) if deemed necessary or advisable by their officers,to employ and pay fiscal agents, <br /> financial advisors, attorneys, and other persons to assist the City in such compliance. <br /> Section 17. Registered Form. The Bonds shall be issued in fully registered form. 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 18. 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 /> -29- <br />