83-152 Ordinance - Laserfiche WebLink

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..,.?,, will be secured by the Mortgage and the Lease Assignment and will be on a parity with all Notes at the time out- standing. Section 10. Investment of Fund Mone s. Any moneys held as part of the Note Fund, the Construction Fund or any other special funds or accounts established pursuant to the Agreement shall be invested and reinvested by the Mortgagee, in accordance with the procedures estab- lished in the Agreement, in any Eligible Investments, provided that the type of investment shall be such that moneys shall be available to make timely payments from said fund or funds or accounts. Such investments shall be valued at face amount or market value, whichever is less. Section 11. Note Documents. In order to secure the payment of the Note Payments, the Executive Officer and/or the Fiscal Officer are and each of them is hereby authorized and directed to execute, acknowl- edge and deliver in the name and on behalf of the Issuer the Agreement and the Assignment, both in substantially the form submitted to this Legislative Authority, with such changes therein not inconsistent with this Note Legislation and not substantially adverse to the Issuer as may be permitted by the Act and approved by the officer executing the same on behalf of the Issuer which instruments are hereby approved. The ap- proval of such changes by said officers shall be conclusively evidenced by the execution of the Note Documents. Section 12. Other pocuments. The Clerk, the members of the Legislative Authority, the Legal Officer, the Executive Officer and the Fiscal Officer, as appropriate, are hereby further suthorized and di- rected to execute such certifications and other instruments as are in the opinion of the Legal Officer and bond counsel necessary to consum- 32