47-08 Issuance & Sale of Notes Computer Equip

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(c) This Council authorizes and directs the Mayor, the Law Director, the Director of Finance, the Director of Public Works, the President of Council, the Council Clerk, and any other City officials: (I) to sign and deliver any certificates, instruments, and other documents that the official considers necessary or appropriate in connection with the issuance and sale of the Notes, and that are not inconsistent with this ordinance; and (2) to take such actions as are necessary or appropriate to consummate the transactions contemplated by this ordinance, Section 13. Certification to County Auditor. This Council directs the Director of Finance or the Clerk of this Council to forward a certified copy of this ordinance and a copy of the Certificate of Award to the County Auditor. Section 14. Definitions. Words and terms are used in this ordinance with the following meanmgs: "Authorized Denominations" means the denomination of $100,000 or any integral multiple of$I,OOO in excess of$IOO,OOO, "Bonds" means the bonds anticipated by the Notes, "Book-Entry Form" or "Book-Entry System" means a form or system under which (a) the ownership of book-entry interests in Notes and the Debt Service on the Notes may be transferred only through a book entry, and (b) physical note certificates in fully registered form are issued by the City only to a Depository or its nominee as registered owner, with the Notes deposited and retained in the custody of the Depository or its agent, "Certificate of Award" means the certificate authorized by Section 7 of this ordinance, setting forth the terms and other provisions of the Notes required or authorized by this ordinance, "Closing Date" means the date of delivery of and payment for the Notes, "Code" means the Internal Revenue Code of 1986, as amended, References to the Code and sections of the Code include applicable regulations (whether temporary or final) under the Code, and any amendments of, or successor provisions to, those sections or regulations, "Debt Service" means all amounts due as principal, interest, and any premium on an issue of securities, "Depository" means any securities depository that is a clearing agency under federal law operating and maintaining, with its Participants or otherwise, a Book-Entry System to record ownership of book-entry interests in securities or the principal of and interest on securities, and to effect transfers of securities, in Book-Entry Form and means initially the Depository Trust Company, New York, New York, a limited purpose trust company. 9