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the Note to the City and the use of such proceeds as aforesaid and to �ay the costs of issuing the <br /> Note, in the manner and with the effect therein provided. From an�d after the execution and <br /> delivery of the Agreement, the officers, employees and agents of the �ity are hereby authorized, <br /> empowered and directed to do all such acts and things and to execute �11 such documents as may <br /> be necessary to carry out and comply with the provisions of the Agree�nent as executed; and the <br /> I <br /> Agreement shall constitute, and hereby is made, a part of this Ordi�nance, and a copy of the <br /> Agreement shall be placed in the official records of the City, and shall be available for public <br /> inspection at the office of the City Clerk. <br /> Section -�. Note Details. The Note is hereby authorized to �,be issued as a drawdown I <br /> note and shall be issued in the principal amount of not to exceed $4,5(�0,000 and shall bear such �'�, <br /> title and series designation as the Director of Financial Management s�all determine in the Note <br /> Order. The Note may be a Fixed Rate Note or a Floating Rate Not� as provided in the Note <br /> Order. The Note shall be dated as of the first Advance for Value or� the Note or as otherwise <br /> provided in the Agreement (any such date being the "Dated Date"), and the amount of the Note <br /> issued, being the sum of the amounts as shown as Advances for Value on the Note, not in excess <br /> of the Face Amount, less in each case principal payments made from �ime to time thereon, shall <br /> be the "Outstanding Principal Amount" of the Note. The Outstanding Principal Amount of the <br /> Note from time to time outstanding shall bear interest at not to exceed a rate percent per annum <br /> which is fifteen percent (15.00%), with interest payable on such date r dates as provided in the <br /> Agreement, upon any prepayment and on the Maturity Date. The Mat ity Date shall be not later <br /> than December 31, 2008. � <br /> The Note shall bear interest on the Outstanding Principal Amou�t from time to time at the <br /> rate provided, in each case from the time advanced until duly paid or provided for, such interest <br /> being computed on the basis of actual days (365/366) elapsed over a 36p-day year. <br /> -6- <br />