Laserfiche WebLink
1400, <br />Section 2. That the Bonds be sold to E. G. Frances & <br />Co., Inc. (the "Purchaser"), for the purchase price recommended by <br />the Partnership. <br />Section 3. To prescribe the terms and conditions upon <br />which the Bonds are to be executed, authenticated, issued, <br />accepted, held and secured, the Mayor is hereby authorized and <br />directed to execute and acknowledge a Trust Indenture by and <br />between the City and a bank or trust company which will act as <br />Trustee thereunder, dated as of the date of the Bonds (the <br />"Indenture"). and the City Clerk is hereby authorized and directed <br />to execute and acknowledge the Indenture and to affix the seal of <br />the City thereto, and the Mayor and City Clerk are hereby <br />authorized and directed to cause the Indenture to be accepted, <br />executed and acknowledged by the Trustee. The Indenture is hereby <br />approved in substantially the form submitted to this meeting, and <br />the Mayor is hereby authorized to confer with the Trustee, the <br />Partnership and the Purchaser in order to complete the Indenture <br />in substantially the form submitted to this meeting with such <br />changes as shall be approved by such persons executing the <br />document, their execution to constitute conclusive evidence of <br />such approval. <br />Section 4. That there be, and there is hereby <br />authorized the execution and delivery of a Loan and Security <br />Agreement (the "Agreement") by and between the City and the <br />Company, and the Mayor and City Clerk be, and they are hereby, <br />authorized to execute, acknowledge and deliver the Agreement for <br />and on behalf of the City. The Agreement is hereby approved in <br />substantially the form submitted to this meeting, and the Mayor is <br />hereby authorized to confer with the Partnership, the Trustee and <br />the Purchaser in order to complete the Agreement in substantially <br />the form submitted to this meeting with such changes as shall be <br />approved by such persons executing the document, their execution <br />to constitute conclusive evidence of such approval. <br />Section S. That there be, and there is hereby, <br />authorized the preparation and distribution to various <br />prospective and actual purchasers of the Bonds of an Official <br />Statement (and preliminary official statement), in the name of the <br />City, describing the City, the Bonds, the Indenture, the <br />Agreement, and setting forth such other information as may be <br />determined to be necessary or desirable by the Purchaser and the <br />Partnership. The Mayor is authorized to execute such official <br />statement on behalf of the City. <br />Section 6. That the Mayor and City Clerk, for and on <br />behalf of the City, be, and they are hereby, authorized and <br />o,,W directed to do any and all things necessary to effect the <br />execution and delivery of the Agreement, the performance of all <br />