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1985 023 Ordinance
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1985 023 Ordinance
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Last modified
11/19/2018 3:54:43 PM
Creation date
8/8/2018 8:18:47 AM
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Template:
Legislation-Meeting Minutes
Document Type
Ordinance
Number
023
Date
11/18/1985
Year
1985
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M.V. Ord. 85-23 <br />16 <br />matters incidental thereto; and the payment of the fees of such <br />firm and the other costs of issuance in respect thereof from the <br />proceeds of the issuance and sale of such bonds is hereby <br />approved and authorized. <br />Section 12. Indenture and Agreement. To provide for <br />the issuance and sale of the Project Bonds and the consummation <br />of the transactions contemplated therein, the Mayor and Fiscal <br />Officer are authorized, for and in the name and on behalf of the <br />Issuer, to execute, acknowledge and deliver the Indenture and <br />the Agreement in substantially the forms submitted to this <br />Legislative Authority. Those instruments are approved with <br />changes therein not inconsistent with this Bond Legislation and <br />not substantially adverse to the Issuer and which are permitted <br />by the Act and shall be approved by the officers executing the <br />Indenture and the Agreement; provided, that the approval of <br />those changes by those officers, and their character as not <br />being substantially adverse to the Issuer, shall be evidenced <br />conclusively by their execution of those instruments. <br />Section 13. Other pocuments. The Mayor, the Fiscal <br />Officer and the Clerk, as appropriate, are authorized and <br />directed to execute the Purchase Agreement and any <br />certifications, financing statements, assignments and <br />instruments which are necessary or appropriate to perfect the <br />assignments set forth in the Indenture and to consummate the <br />transactions contemplated in this Bond Legislation, the <br />Indenture, the Agreement and the Purchase Agreement.
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