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2012-78 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS, SERIES 2012
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2012-78 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS, SERIES 2012
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8/24/2015 10:02:57 AM
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Resolution/Ordinance
Res Ord Num
2012-78
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $30,000,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2012
Department
Finance
Approved Date
11/5/2012
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this Section shall have been met. As a further exercise of this authority, the Designated Officials <br /> may sell the Bonds in more than one series; and, in such event, shall be authorized to change the <br /> name of the Bonds for each such series so that such series may properly be identified separately. <br /> Further, in such event, the provisions for registration, redemption and exchange of Bonds shall be <br /> read as applying to Bonds only of each series, respectively, and not as between series. Upon the <br /> sale of the Bonds or any series of the Bonds, the Designated Officials and any other officers of <br /> the City as shall be appropriate, shall be and are hereby authorized and directed to approve or <br /> execute, or both, such documents of sale of the Bonds as may be necessary, including, without <br /> limitation, the Bond Notification, Preliminary Official Statement, Official Statement, Bond <br /> Purchase Contract (as hereinafter defined), and closing documents. The Designated Officials <br /> must find and determine in the Bond Notification that no person holding any office of the City <br /> either by election or appointment, is in any manner financially interested either directly, in his or <br /> her own name, or indirectly in the name of any other person, association, trust or corporation in <br /> said Bond Purchase Contract with the Purchaser for the purchase of the Bonds. The distribution <br /> of the Preliminary Official Statement relating to the Bonds is hereby in all respects authorized <br /> and approved, and the proposed use by the Purchaser of an Official Statement (in substantially <br /> the form of the Preliminary Official Statement but with appropriate variations to reflect the final <br /> terms of the Bonds) is hereby approved. The Designated Officials shall execute a bond purchase <br /> contract for the sale of the Bonds to the Purchaser (the "Bond Purchase Contract") in the form <br /> approved by the corporation counsel of the City. Upon the sale of the Bonds, the Designated <br /> Officials shall prepare the Bond Notification, which shall include the pertinent details of sale as <br /> provided herein, and such shall be entered into the records of the City and made available to all <br /> Council members at the next public meeting thereof. The Designated Officials shall also file <br /> -26- <br /> 41 <br />
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