1991 026 Ordinance - Laserfiche WebLink

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ORDINANCE N0. 91- 26 PAGE THREE adverse to the Village and that are approved by the Mayor and the President of Council on behalf of the Village, all of which shall be conclusively evidenced by the signing of the Agreement or amendments to the Agreement. The Director of Finance shall provide for the payment of the services rendered and for reimbursement of expenses incurred pursuant to the Agreement from the proceeds of the Bonds to the extent available and then from other money lawfully available and appropriated or to be appropriated for that purpose. Section 3. In accordance with Section 7 of the Authorizing Ordi- nance, the Bonds are sold to A.G. Edwards & Sons, Inc. (the Original Purchas- er) at the purchase price of $398,615.89, plus accrued interest to the date of delivery, all in accordance with law, the provisions of the Authorizing Ordinance, this Final Terms Ordinance and the Bond Purchase Agreement. The Mayor and the President of Council shall sign and deliver, in the name of and on behalf of the Village, the Bond Purchase Agreement between the Village and the Original Purchaser in substantially the form as is now on file with.the Clerk of Council. The Bond Purchase Agreement is approved, together with any changes or amendments that are not inconsistent with this ordinance and not substantially adverse to the Village and that are approved by them on behalf of the Village, all of which shall be conclusively evidenced by the signing of the Bond Purchase Agreement or amendments to the Bond Purchase Agreement. It is hereby determined that the sale of the Bonds on a negotiated basis to the Original Purchaser in accordance with the Authorizing Ordinance and this Final Terms Ordinance is necessary and proper and in the best interests of the Village in order to establish the terms of the Bonds on an efficient basis in view of cYianging market conditions. The use and distribution of the preliminary official statement of the Village relating to the original issuance of the Bonds, dated June 26, 1991, as described in the Bond Purchase Agreement, in the form now on file with the Clerk of Council is approved and is a"deemed final" official statement (except for permitted omissions), by the Village as of its date for purposes of SEC Rule 15c2-12(b)(1). The Mayor and the Director of Finance are each authorized, on behalf of the Village, and in their official capacities, to complete that official statement with such modifications, changes and supple- ments as those officers shall approve or authorize for the purpose of prepar- ing and determining, and to certify or otherwise represent, that the official statement is a final official statement for purposes of SEC Rule 15c2-12(b)(3) and (4). Those officers are each further authorized to use and distribute, or authorize the use and distribution of, the final official statement and sup- plements thereto in connection with the original issuance of the Bonds as may in their judgment be necessary or appropriate. Those officers and each of them are also authorized to sign and deliver, on behalf of the Village, and in their official capacities, such certificates in connection with the accuracy of the final official statement and any amendment thereto as may, in tPieir judgment, be necessary or appropriate. Section 4. Sections 1 and 2 of Ordinance No. 91-15 as they were passed on June 17, 1991, are repealed, except to the extent they provide for this ordinance, which shall continue in full force and effect.