Ordinance 1988-960 - Laserfiche WebLink

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City Clerk or any deputy of the City are hereby authorized and directed to execute and deliver the Agreements, the Boulder Agreements, the Porter Agreements, the Tax Regulatory Agreement, the Bond Purchase Agreement and the Indentures and the City Clerk or any deputy of the City is hereby authorized to attest the Agreements, the Boulder Agreements, the Porter Agreements, the Indentures and the Bond Purchase Agreement. Section 6. The use of the Preliminary Official Statement by the Underwriters in connection with the offering of the Bonds is hereby approved and the use of the Official Statement in substantially the form of the Preliminary Official Statement is hereby approved. Section 7. The form, terms and provisions of the Bonds, in the form contained in the Indentures, be and they hereby are approved with only such changes therein as are not inconsistent herewith; and the Mayor of the City is hereby authorized to execute the Bonds, either by manual or facsimile signature, and is authorized to deliver the Bonds and the City Clerk is authorized to attest the Bonds and the seal of the City or a facsimile thereof is hereby authorized to be affixed to the Bonds. Section 8. The Mayor of the City is hereby authorized to execute and deliver to the Trustee the written order of the City for the authentication and delivery of the Bonds by the Trustee, in accordance with the Indentures. Section 9. In consideration of the purchase and acceptance of the Bonds by those who shall own Bonds from time to time, the provisions of this ordinance shall be part of the respective contract of the City with the owners of the Bonds and shall be deemed to be and shall constitute a contract between the City and the owners from time to time of the Bonds. Section 10. The members and officers of the City shall take all action necessary or reasonably required by the parties to the Agreements, the Boulder Agreements, and the Porter Agreements to effectuate their provisions and shall take all action necessary or desirable in conformity with the Act to finance the cost of the Project, and for carrying out the transactions contemplated by this ordinance, including without limitation the execution and delivery of any closing documents to be delivered in connection with the sale and delivery of the Bonds. Section 11. The cost of the Project will be paid out of the proceeds of the Bonds, and the Bonds shall not constitute or become a debt or indebtedness of the City within the -5- 1342K