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I f <br /> contemplated by each Direction. Each Designated Representative is hereby authorized to sell, <br /> redeem or otherwise dispose of the Initial Securities in accordance with their terms and <br /> applicable regulations of the United States Treasury,to buy in the name of the City the Substitute <br /> Securities with the proceeds derived from the sale,redemption or other disposition of the Initial <br /> Securities and to sell or otherwise transfer the Substitute Securities to the Escrow Agent under <br /> the Escrow Agreement. Any such sa1e, redemption or other disposition of the Initial Securities � <br /> may be at any price which will cause the funds and investments held pursuant to the Escrow ', <br /> Agreement to be su�cient to achieve the purpose thereof, and any excess of the price received <br /> from the sale, redemption or other disposition of the Initial Securities over the price paid by the <br /> City for the Substitute Securities shall, after provision for payment of the costs above mentioned, <br /> be paid to the City in cash, and be applied either to the payment of the principal of and interest <br /> on the Refunding Bonds or upon further Council direction for any other proper public purpose or <br /> purposes. <br /> Section 4. That each Designated Representative is hereby authorized to execute and <br /> deliver on behalf of the City such additional documents, certificates and contracts as each may <br /> deem appropriate in order to effect the transactions contemplated by each Direction. The City or <br /> its officers may require any other participant in the transaction to execute certificates or contracts <br /> in any manner concerning the transactions contemplated upon which the City or its o�cers may <br /> rely. In addition, the City or its officers sha11 have the right to require delivery of such further <br /> opinions of counsel, verifications,proceedings, certi�cates, assurances or other items reasonably <br /> deemed appropriate or advisable prior to execution of each Direction. <br /> Section S. That LaSa11e Capital Mazkets, a Division of ABN AMRO,Chicago,Illinois, <br /> is hereby selected as escrow manager; Dunbar, Breitweiser& Company, LLP, Bloomington, <br /> Illinois, is hereby selected to perform the services required by Section 5.01(C) of the Escrow <br /> -3- <br />