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Ordinance 1982-764
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Ordinance 1982-764
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Last modified
3/12/2021 10:24:12 AM
Creation date
3/16/2007 4:26:42 PM
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City Council Records
Doc Type
Ordinance
Signed Date
6/15/1982
Ord/Res - Year
1982
Ord/Res - Number
764
Original Hardcopy Storage
7E2
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ORD 1982-764
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<br />Agreement, Loan Agreement, and Assignment and to affix the seal of <br />the City thereto, and further to execute and authenticate such <br />other documents, instruments, or certificates as are deemed <br />necessary or desirable by Bond Counsel in order to issue and <br />secure the Series 1982 Bond. Such documents are to be executed in <br />substantially the form hereinabove approved, provided that such <br />documents may be completed, corrected, or revised as deemed <br />necessary by the parties thereto in order to carry out the pur- <br />poses of this Bond Ordinance. Copies of all of the documents shall <br />be delivered, filed, and recorded as provided therein. <br /> The proper officers of the City are hereby authorized <br />and directed to prepare and furnish to Bond Counsel certified <br />copies of all proceedings and records of the City relating to <br />the Series 1982 Bond and such other affidavits and certificates <br />as may be required to show the facts relating to the authorization <br />and issuance thereof as such facts appear from the books and <br />records in such officers' custody and control or as otherwise <br />known to them. <br /> The approval hereby given to the various documents <br />referred to above includes an approval of such additional details <br />therein as may be necessary and appropriate for their completion, <br />including interest rates and any numbers derived therefrom, <br />deletions therefrom and additions thereto as may be approved by <br />Bond Counsel prior to the execution of the documents. The execu- <br />tion of any instrument by the appropriate officers of the City <br />herein authorized shall be conclusive evidence of the approval by <br />the City of such instrument in accordance with the terms hereof. <br /> with the consent of the City, the Borrower, and the <br />Bondholder, the terms and provisions of the Loan Agreement, <br />Assignment, or the Deed of Trust or of any instrument supplemental <br />thereto, may be modified or altered only by a written instrument <br />executed in the same manner as the document to be amended. <br /> Section 3. Authorization. In order to promote industry <br />and develop trade and other economic activity, the Project shall <br />be and is hereby authorized to be financed as described herein. <br />The estimated cost of acquisition and construction of the Project <br /> - 5 - <br />
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