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Except as made or suffered in connection with the Original Indenture and the First
<br />Supplemental Indenture, the Issuer has not heretofore made or suffered to exist any pledges of or
<br />liens on the Special Funds, the Water Revenue Fund or Water Reserve Fund. Except as
<br />permitted by the Indenture, the Issuer shall not make any pledge or assignment of or create any
<br />lien or encumbrance upon the Net Revenues, the Special Funds or the Water Revenue Fund or
<br />Water Reserve Fund having a priority higher than or equal to that of the Bonds.
<br />
<br /> Section 8. Second Supplemental Indenture, Official Statement, Contlnl~ing
<br />Disclosure Agreement and Other Documents. The Series 2002 Refunding Bonds shall be
<br />secured both as to the principal thereof and premium, if any, and interest thereon, by the
<br />Indenture, and the Mayor and the Fiscal Officer are hereby authorized and directed in the name
<br />and on behalf of the Issuer to make, execute, acknowledge and deliver to the Trustee under the
<br />Indenture, in trust for the Original Purchaser and subsequent Holders of the Series 2002.
<br />Refunding Bonds, a good and sufficient Second Supplemental Indenture in the form now or not
<br />later than the date of passage of this 2002 Bond Legislation on file with the Fiscal Officer, after
<br />approval thereof by the Legal Officer, so that the Original Indenture may be amended in the
<br />respects provided for therein and that the Series 2002 Refunding Bonds may be secured by the
<br />Original Indenture and the Second Supplemental Indenture and may be declared and become due
<br />and payable in the manner and to the effect provided by the Original Indenture and the Second
<br />Supplemental Indenture, with such changes therein as the officers executing the same shall
<br />approve, which approval shall be evidenced by their execution thereof. The Mayor, the Fiscal
<br />Officer, the Clerk and the Legal Officer are hereby authorized and directed to take any and all
<br />actions necessary or proper consistent with the terms of this Series 2002 Refunding Bond
<br />Legislation, the Series 1991 Bond Legislation, the Original Indenture, the Series 1995 Bond
<br />Legislation, the First Supplemental Indenture and the Second Supplemental Indenture to effect
<br />the execution, authentication and delivery of the Series 2002 Refunding Bonds to the Original
<br />Purchaser, including, without limitation, the furnishing of the appropriate certificates, opinions
<br />and other instruments provided for in the original Indenture, the First Supplemental Indenture,
<br />the Second Supplemental Indenture and the Bond Purchase Agreement.
<br />
<br /> The distribution of a Preliminary Offidal Statement of the Issuer relating to the
<br />original issuance of the Series 2002 Refunding Bonds is hereby approved, and the Fiscal Officer
<br />and the Director of Public Works of the Issuer, or any one of them, are each hereby authorized
<br />and directed to complete a Preliminary Official Statement and complete and execute, on behalf
<br />of the Issuer and in their official eapadties, a final Offidal Statement, with such modifications,
<br />changes and supplements as are necessary or desirable for the purposes thereof as such officers,
<br />or any one of them, shall approve. Such officers, or any one of them, are authorized to use and
<br />distribute, or authorize the use and distribution of, the Official Statement and any supplements
<br />thereto as so executed in cormeefion with the original issuance of the Series 2002 Refunding
<br />Bonds, and are, subject to the provisions of the Bond Purchase Agreement, each authorized and
<br />directed to advise the Original Purchaser in writing regarding limitations on the use of the
<br />Official Statement and any supplements thereto for purposes of marketing or reoffering the
<br />Series 2002 Refunding Bonds as the officer acting deems necessary or appropriate to protect the
<br />interests of the Issuer. The Fiscal Officer and the Mayor, or any one of them, are authorized to
<br />execute and deliver, on behalf of the Issuer in their official capacities, such certificates in
<br />connection with the accuracy of the Official Statement and any supplements thereto as may, in
<br />their judgment, be necessary or appropriate.
<br />
<br /> The Fiscal Officer is authorized and directed to execute a continuing disclosure
<br />agreement (the "Disclosure Agreement") dated the date of delivery of the Bonds and delivered
<br />to the Original Purchaser for the benefit of the holders of the Series 2002 Refunding Bonds and
<br />to assist the Original Purchaser in complying with S.E.C. Rule 15c2-12(b)(5). The Disclosure
<br />Agreement shall be in substantially the form now on file, or as will be on file no later-than the
<br />date of passage of this Series 2002 Refunding Bond Legislation, with the Fiscal Officer which is
<br />hereby approved, with such changes therein as are not inconsistent with this Series 2002
<br />Refunding Bond Legislation and not substantially adverse to the Issuer as may be approved by
<br />the Fiscal Officer. The approval of such changes, and that such changes are not substantially
<br />adverse to the Issuer, shall be conclusively evidenced by the execution of the Disclosure
<br />Agreement by the Fiscal Officer.
<br />
<br /> The Clerk shall furnish to the Original Purchaser a true transcript of proceedings
<br />certified by the Clerk, of all proceedings had with reference to the issuance of the Series 2002
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