83-152 Ordinance - Laserfiche WebLink

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As to the existence or nonexistence of any fact or as to the sufficiency or validity of any instrument, paper or proceeding, the Mortgagee shall be entitled to rely upon a certificate signed on behalf of the Issuer or on behalf of the Owner by an authorized officer thereof as sufficient evidence of the facts therein contained. Any legislation by the Issuer, opinions, certificates and other instruments provided for in this Note Legislation or the Note Documents may be accepted by the Mortgagee as conclusive evidence of the facts and conclusions stated therein and shall be full warrant, protection and authority to the Mort- gagee for its actions taken under this Note Legislation or the Note Documents. Section 5. Sale of Project Note. The Project Note is hereby sold and awarded to the Original Purchaser, in accordance with its offer therefor, at a purchase price of $2,500,000. The Executive Officer and the Fiscal Officer are authorized and directed to make on behalf of the Issuer the necessary arrangements with the Original Purchaser to estab- lish the date, location, procedure and conditions for the delivery of the Project Note to the Original Purchaser, and to take all steps neces- sary to effect execution and delivery to the Original Purchaser of the Project Note under the terms of this Note Legislation. It is hereby determined that the price for and the terms of the Pro3ect Note, and the sale thereof, are in the best interest of the Issuer and consistent with all legal requirements. Before the Project Note is delivered, there shall be delivered to the Mortgagee: (a) A duly certified copy of the Note Legislation; (b) Original executed counterparts of the Note Docu- ments, the Mortgage and the Lease Assignment; 23