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M.V. Ord. 85-23 <br />13 <br />this Bond Legislation and the Indenture, the Issuer covenants <br />and agrees that: <br />(a) Arbitrage Provisions and Issuer Information <br />Return. The Issuer will restrict the use of the proceeds of the <br />Project Bonds in the manner and to the extent, if any, which may <br />be necessary so that the Project Bonds will not constitute <br />arbitrage bonds under Section 103(c) of the Code, after taking <br />into account reasonable expectations at the time of the delivery <br />of and payment for the Project Bonds. <br />To those ends, the Mayor and any other officer having <br />responsibility for issuing the Project Bonds is authorized and <br />directed, alone or in conjunction with any of the foreqoing or <br />with any other officer, employee or agent of or consultant to <br />the Issuer, or with the Company or any officer, employee or <br />agent of or consultant to the Company, to give: <br />(i) an appropriate certificate of the Issuer, for <br />inclusion in the transcript of proceedings for the <br />Project Bonds, setting forth the reasonable <br />expectations of the Issuer regarding the amount and use <br />of the proceeds of the Project Bonds and the facts, <br />estimates and circumstances on which those expectations <br />are based, that certificate to be premised on the <br />reasonable expectations and the facts, estimates and <br />circumstances on which those expectations are based, as <br />provided by the Company, all as of the date of delivery <br />of and payment for the Project Bonds; and