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. <br /> of the Bonds and any other moneys on deposit in any fund or ac- <br /> count maintained in respect of the Bonds, including, if neces- <br /> sary, a rebate of such earnings to the United States of America, <br /> in a manner which would cause the interest on the Bonds to con- <br /> tinue to be exempt from federal income taxation under Section <br /> 103(a) of the Code, or any successor Internal Revenue Code of the <br /> United States of America. The Director of Financial Management <br /> is hereby authorized to execute such agreements as shall be <br /> necessary, in the opinion of nationally recognized bond counsel, <br /> to evidence the City' s compliance with the covenants contained in <br /> this paragraph. <br /> Section 14. This Ordinance is prepared in accordance <br /> with the powers of the City as a home rule unit under Article VII <br /> of the 1970 Illinois Constitution. The appropriate officers of <br /> the City are hereby authorized to take such actions and do such <br /> things as shall be necessary to perform, carry out, give effect <br /> to and consummate the transactions contemplated by this Ordinance <br /> and the Bonds. <br /> Section 15. If requested by the Bond Registrar, the <br /> Mayor, the Director of Financial Management and the City Clerk <br /> are authorized to execute the standard form of agreement between <br /> the City and the Bond Registrar with respect to the obligations <br /> � and duties thereof. <br /> Section 16. If payment or provision for payment is ' <br /> made, to or for the holders and owners of the Bonds, of the '� <br /> -38- <br />