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31-00 St. Ed's Project
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31-00 St. Ed's Project
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Last modified
5/14/2013 2:59:38 PM
Creation date
7/18/2003 6:14:19 AM
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Office Of Council
Document Type
Ordinances
Date
7/18/2003
Date Adopted
6/19/2000
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Bonds, as provided in this Bond Legislation, the Bond Purchase Agreement (the "Bond Purchase <br />Agreement") among the Issuer, the Original Purchaser and the Borrower and the Indenture, are <br />consistent with all legal requirements and will carry out the public purposes of the Act. <br /> <br /> The award shall be further evidenced by the Certificate of Award, which shall determine <br />and state the aggregate principal amount of the Series 2000 Bonds and certain information relating <br />to interest rates, maturities and redemption provisions as provided herein. Any one or more of the <br />Mayor and the Director of Finance, alone or together, are hereby authorized and directed to execute <br />and deliver the Bond Purchase Agreement to the Original Purchaser and the Borrower in <br />substantially the form now on file with the Clerk of this Council, with any changes therein which are <br />not inconsistent with this Bond Legislation and not substantially adverse to the Issuer, and as are <br />permitted by the Act and approved on behalf of the Issuer by the officer or officers signing the Bond <br />Purchase Agreement. The approval on behalf of the Issuer of those changes and the status of those <br />changes as not substantially adverse to the Issuer shall be conclusively evidenced by the execution <br />of the Bond Purchase Agreement by the officer or officers signing the Bond Purchase Agreement on <br />behalf of the Issuer. <br /> <br /> Each of the Mayor and the Director of Finance, are authorized and directed, alone or <br />together, to make the necessary arrangements with the Original Purchaser to establish the date, <br />location, procedures and conditions for the delivery of the Bonds to the Original Purchaser and to <br />take all steps necessary to effect due execution, authentication and delivery of the Bonds to the <br />Original Purchaser under the terms of this Bond Legislation, the Certificate of Award, the Indenture <br />and the Bond Purchase Agreement. The Mayor, the Director of Finance and the Clerk of Council <br />are authorized and directed to make on behalf of the Issuer the necessary arrangements with the <br />Original Purchaser to establish the date, location, procedure and conditions for the delivery of the <br />Series 2000 Bonds and to take all steps necessary to effect due execution and delivery of the Series <br />2000 Bonds under the terms of this Bond Legislation, the Remarketing Agreement, the Agreement <br />and the Indenture. The Mayor, the Director of Finance and the Clerk of Council are further <br />authorized and directed to determine on behalf of the Issuer the final principal amount and 'terms of <br />the Series 2000 Bonds and the sale thereof, and this Council hereby determines that such <br />authorization and direction, all as provided in the aforesaid documents, are in the best interests of the <br />Issuer and consistent with all legal requirements, such determination to be conclusively evidenced <br />by the execution by such officers of those documents pursuant to Section 8 hereof. The proceeds <br />from the sale of the Series 2000 Bonds shall be deposited in the Project Fund created in the <br />Indenture and applied as provided in the Indenture and the Agreement. <br /> <br /> This Council authorizes the use and distribution by the Original Purchaser, in <br /> connection with the offer and sale of the Bonds, of a preliminary offering document and final <br /> offering document in such fo~rms as may be approved by the officials signing the Bond Purchase <br /> Agreement. <br /> <br /> Except as may be described in the Bond Purchase Agreement, the Issuer has not <br /> confirmed, and assumes no responsibility for, the accuracy, completeness or sufficiency of any of <br /> the statements in any disclosure document used by the Original Purchaser in connection with the <br /> offer and sale of the Bonds or any supplements thereto, or in any reports, financial information, <br /> offering or disclosure documents or other information relating in any way to the facilities described <br /> <br />4 <br /> <br /> <br />
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