Laserfiche WebLink
B. The Bonds will be issued pursuant to and in full <br /> compliance with the Constitution and laws of the State of Arkansas ; <br /> C. The execution and delivery of this Agreement and the <br /> compliance with the provisions hereof under the circumstances <br /> contemplated hereby, will not in any respect conflict with, or <br /> constitute on the part of the Issuer a breach or default under any <br /> agreement or other instrument to which the Issuer is a party, or <br /> any existing law, administrative regulation, court order or consent <br /> decree to which the Issuer is subject ; <br /> D. The Issuer will not take or omit to take any action, <br /> which action or omission will in any way cause the proceeds from <br /> the sale of the Bonds to be applied in a manner other than as <br /> provided in the Authorizing Ordinance; <br /> E . When delivered to and paid for by the Bank, the Bonds <br /> will have been duly authorized, executed, authenticated, issued and <br /> delivered, and will constitute valid and legally binding special <br /> obligations of the character referred to in the statutes under <br /> which issued; <br /> F. The Issuer will immediately notify the Bank of any <br /> adverse change of a material nature in the financial condition of <br /> the System which occurs prior to the Closing; <br /> G. Between the date of this Agreement and the Closing, the <br /> Issuer will not, without the prior written consent of the Bank, <br /> issue any bonds, notes or other obligations for borrowed money and <br /> secured by or payable from revenues derived from the operations of <br /> the System; <br /> H. There is no action, suit, proceeding or investigation <br /> involving the Issuer before or by any court, public board or body <br /> pending or, to the knowledge of the Issuer, threatened wherein an <br /> unfavorable decision, ruling or finding would: (i) affect the <br /> existence or powers of the Issuer or the titles of its officers to <br /> their respective offices, (ii) enjoin or restrain the issuance, <br /> sale and delivery of the Bonds or the collection of any moneys or <br /> property pledged or to be pledged under the Authorizing Ordinance <br /> or the pledge thereof, (iii) in any way question or affect any of <br /> the rights, powers, duties or obligations of the Issuer with <br /> respect to the moneys and assets pledged or to be pledged to pay <br /> the principal of and premium, if any, and interest on the Bonds, <br /> (iv) in any way question or affect any authority for the issuance <br /> of the Bonds or the validity or enforceability of the Bonds, the <br /> Authorizing Ordinance or any ordinance of the Issuer establishing <br /> rates to be charged for the services of the System (collectively, <br /> 3 <br />