92-88 AUTHORIZING THE ISSUANCE OF $705,000 IN AGGREGATE PRINCIPAL AMOUNT OF ECONOMIC DEVELOPMENT REVENUE REFUNDING BONDS

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„ � Section 11. Authorization of Agreement, Bond Purchase AQreement, Indenture, Taz Requlatory Agreement. Preliminary Offering Circular Offering Circular and Assignment. In order to better secure the payment of the Bond Service Charges as the same shall become due and payable, the Ezecutive and the City Clerk are hereby authorized and directed to ezecute, acknowledge and deliver, on behalf of the Issuer, the Agreement, the Bond Purchase Agreement, the Tag Regulatory Agreement, the Indenture and the assignment of the Note, in substantially the forms submitted to this Issuing Authority, which are hereby approved, with such changes therein not inconsistent with this Bond Legislation and not substantially adverse to the Issuer as may be permitted by the Act and approved by such members of the Issuing Authority. The approval of such changes by such members of the Issuing Authority, and that such are not substantially adverse to the Issuer, shall be conclusively evidenced by the ezecution of the Agreement, the Bond Purchase Agreement, the Indenture, the Taz Regulatory Agreement and such assignment by the E$ecutive and the City Clerk. The City Clerk and the Eaecutive are each hereby separately authorized to take any and all actions and to egecute such financing statements, certificates and other instruments that may be necessary or appropriate in the opinion of Peck, Shaffer & Williams, as Bond Counsel, in order to effect the issuance of the Series 1992 Bonds and the intent of this Bond Legislation. The City Clerk of the Issuing Authority, or other appropriate officer of the Issuer, shall certify a true transcript of all proceedings had with respect to the issuance of the Series 1992 Bonds, along with such information from the records of the Issuer as is necessary to determine the regularity and validity of the issuance of the Series 1992 Bonds . The Issuer hereby approves and ratifies the use and distribution of a Preliminary Offering Circular and an Offering Circular, in substantially the forms submitted to the Issuer, in connection with the issuance, sale and delivery of the Series 1992 Bonds. This Bond Legislation shall constitute a part of the Indenture as therein provided and for all purposes of the Indenture, including, without limitation, application to this Bond Legislation of the provisions in the Indenture relating to amendment, modification and supplementation, and provisions for severability. - 18 -