Laserfiche WebLink
?. <br />-.M.? <br />6vI:11Cf1 Li17f:Clllil?'Cii SaYe- [7"t'Y.'E':7y d?? ic-?v2d -wlth SUC'fl Ci1%tlli3E'S fi(S-aL'e1C? <br />I10'? I.TICGCIS1S?i-?ilt Wth t171S BOIZd i.,'<'glSldtlot1 c.?i"ld I101: <br />su?Ds}antial:l_y a:iv2rse to the Issuer as :r,:ay be por-.nit`ed by t}.-ie <br />u?t ar.d approved by the olffic<,rs executi.ng the samU on behalf of <br />c.he Lssl;ier. Tn adcl.iton, !;'tZe Execucive and the r iscal OfLicer or <br />C' erk of the Leg islative Auth«,:_ ity are h2reby authc>ri.zec3 <ind <br />r zr?ct?a to ac.cept_, in the na:ile a«.; on benalf of the Issuer; ttie <br />Pto <br />nc:i Purchase Aigr_eeinent, in substantially the f.orm submitted to <br />krii.5 LFyg;::lz+-ive At-ithoricY, which 1nS`rLlitil,n,= is he.r.f35y approved <br />w:it:Z suci cnanges ther ;?;n not inconsis-tent with this Bor,d <br />j:.eg i-?lt3tion and r.ot substantiall.y a:iverse to the Issuer as tnay <br />:)e -,.?r!qi.ttecl n1 the I?ct ai-x:i ap,>r_o?,?ed 1) ? the O; fice,_s executinq <br />? izn sa?na c» beha:;. E oi tn• Issue;-. Ti-ie approval of_ sucli c'rianges <br />!:v said of-ficers, and that suci: are not substantial_ly adv2rse to <br />tI12 iSSIIE';' , S1.1c11. -I IJ° COI1ClllS1V°1.y '`'V 1.i1?i1c?d IJy t'f1E' E'X+°CUt1071 Oi <br />such instrum-rits. <br />Section 12. The Eucrow Ac;r2E?rner.t. As providei3 in Section <br />h rfc:feoE, the Coristructi.c,ri Fund_._sha:t.l ?De createdy the proceeus <br />iro;r? ?he sal=? oc the Project Bon:? ;?hall be c?eposi?ed tnerezn ancl <br />credi,ted th.,.??to and disburseiaen'r.s sha=Ll bP made therefrom. In <br />order _u pe -f3ct the secLir. ity intex:e5t of the Holder in the <br />undi.sL?uc?,e<! moneys in the ConsY-_uction Fund, the Escrow <br />l.qree,r,?-=nt shall be entered into, `Che L,x2cutive anc: the Fiscal <br />Oz ficcr o~ "Che: C:le1k o:E the Leg:islative Authority are hereby <br />au:.riuri.ze:-` an:l direeted }o execute the Escrow Aqreem-ent with <br />:.?uch 'Cocros as are not inconsistent wi.tn tllis Bon:3 Legislation <br />a;id nc?t a«verse to the Issuer as ,7ay r,e perinicted by the Act. <br />Section 13. Othzr llocumer_ts. `1'he Eaecutive, the Fiscal <br />O:Efirer_ arid the Clerk of ?fhe?Legislative Authorityr as <br />appropriate, are hereby furtrier authorized and directed to <br />execu}e such certifications, financing statements, assignmeizts <br />and instruments as are, in the vpinion of the Legal Officer, <br />necessary or appropriate to per.fect the pledges and assignments <br />set foLth herein and in the Assignment, and to consu;nmate the <br />transactions provided in the Agreement and the Assignment. <br />Section 14. DeliveryYof Project Bond. Be.r=ore the <br />rroj2ct Bond is delivered, tYiere snall be delivered to the <br />rolder: <br />I <br />k a) A copy, duly certified by the Clerk of the Leqislative <br />Authority, of this Band Legislation; <br />( u) An original exerut.ed counterpart of each vr the <br />Agreernent, the Mortgage, the Assignment, the Escrow <br />Agree„!ent and the executed Nc;te duly endorsed by the <br />Isauer_; <br />17