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5811 AUTHORIZING THE SALE, ISSUANCE AND DELIVERY OF PROJECT NOTES AND THE EXECUTION OF REQUISITION AGREEMENTS
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5811 AUTHORIZING THE SALE, ISSUANCE AND DELIVERY OF PROJECT NOTES AND THE EXECUTION OF REQUISITION AGREEMENTS
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10/18/2016 9:09:14 AM
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Resolution/Ordinance
Res Ord Num
5811
Res Ord Title
AUTHORIZING THE SALE, ISSUANCE AND DELIVERY OF PROJECT NOTES AND THE EXECUTION OF REQUISITION AGREEMENTS
Approved Date
5/29/1973
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has been awarded shall be executed in the name of the Local Issuing <br /> Agency by the manual or facsimile signature of the P�ayor and the <br /> City Clerk is authorized and directed to date and to cause the seal <br /> of the Local Issuing Agency to be impressed, imprinted, or repro- <br /> duced thereon and to attest such sealing, and the aforesaid officers <br /> shall take all other actions necessary to complete delivery of any <br /> Project Notes which have been awarded. <br /> Section 6. Each Requisition Agreement securing one or more <br /> series of Project Notes shall be executed in the name of the Local <br /> Issuing Agency by the manual or facsimile signature of the Mayor <br /> and the City Clerk is authorized and directed to cause the seal of <br /> the Local Issuing Agency to be impressed, imprinted or reproduced <br /> thereon and to attest the same. <br /> Section 7. The City Treasurer is authorized and directed to <br /> deliver the Project Notes by signing and promptly sending after <br /> acceptance of each proposal a letter to each paying agent for such <br /> Project Notes in substantially the form of HUD-9004 , which is in- <br /> corporated herein by reference, and to transmit therewith (a) tYie <br /> Project Notes for which the addressee is the paying agent for <br /> delivery and payment and (b) a signature certificate and receipt, <br /> in accordance with the terms of the letter, and to take such other <br /> actions as may be required to complete the delivery transaction in <br /> accordance with the terms of the letter to the paying agent. <br /> Section 8 . The Mayor, City Manager, City Clerk and City <br /> Treasurer are authorized to take all actions as may be required to <br /> validate and complete delivery of the Project Notes herein authorized <br /> to be issued from time to time. <br /> Section 9 . For the punctual payment of the principal of and <br /> interest on each series of Project Notes, the Local Issuing Agency <br />
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