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83-86 Bonds - Hospital
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83-86 Bonds - Hospital
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Last modified
5/14/2013 3:06:56 PM
Creation date
9/8/2003 7:57:43 AM
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Office Of Council
Document Type
Ordinances
Date
9/8/2003
Date Adopted
7/21/1986
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enumerated in (i) thrOugh (x) above, such other data or provisions <br />consistent with this Bond Legislation and the Indenture as the officer <br />or officers executing the same ou behalf of the Issuer deems necessary <br />or app, ropriate. <br /> <br /> (k) Award, Sale and Execution of the Refundin~ Bonds. The <br />Refunding Bonds are hereby awarded to E. F. Hutton & Company Inc. and <br />McDonald & Company Securities, Inc. (herein referred to collectively as <br />the "Original Purchaser"). The Executive and the Fiscal Officer are, <br />and each of them is, hereby authorized and directed to incorporate into <br />the Purchase Contract the terms and provisions of the Refunding Bonds as <br />determined and specified in the Certificate of Award. The Purchase <br />Contract shall provide for the sale and delivery of the Refunding Bonds <br />on terms and conditions consistent with this Refunding Bonds Legislation <br />and customary practice and as the Executive or the Fiscal Officer shall <br />determine to be in the best interests of the Issuer. The execution of <br />the Purchase Contract by the Executive or the Fiscal Officer, after <br />approval as to the form and correctness thereof by the Legal Officer, <br />shall conclusively evidence the Issuer's approval of the Purchase <br />Contract and the fulfillment of the requirements set forth in this <br />paragraph. <br /> <br /> The Executive, the Fiscal Officer, the Legal Officer, and the <br />Clerk are, and each of them is, hereby authorized and directed to make <br />the necessary arrangements on behalf of the Issuer to establish the <br />date, location, procedure, and conditions for the delivery of the <br />Refunding Bonds to the Original Purchaser to the extent not provided for <br />in the Purchase Contract. Said officers are hereby further authorized <br />and directed to take all steps necessary to effect due authentication, <br />delivery, and perfection of the Refunding Bonds under the terms hereof, <br />the Purchase Contract, and the Trust Indenture. It is hereby determined <br />that the Purchase Price for the Refunding Bonds and the manner of sale <br />and the terms of the Refunding Bonds as provided in or pursuant to this <br />Refunding Bonds Legislation and the Purchase Contract, are and will be <br />in the best interest of the Issuer and consistent with all legal re- <br />quirements and will carry out the public purposes referred to in the <br />preambles hereto. <br /> <br /> The distribution of a Preliminary Official Statement with <br />respect to the Refunding Bonds to potential purchasers thereof and to <br />others in the marketing thereof is hereby authorized and approved. A <br />final Official Statement may be executed by the Executive and the <br />Hospital Administrator, or either of them, on behalf of the Issuer and <br />in their respective capacities in such form and with such content as is <br />appropriate for the purposes thereof and as the officer or officers <br />executing the same on behalf of the Issuer shall approve. The Original <br />Purchaser's use and distribution of such Official Statement and any <br />supplements thereto as so executed in accordance with the terms of the <br />Purchase Contract is hereby authorized and approved. <br /> <br /> The Refunding Bonds shall be executed by the Executive and the <br />Fiscal Officer, provided that either or both of such signatures may be <br /> <br /> <br />
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