86-064 Ordinance - Laserfiche WebLink

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_., _ --n..,s.?-b.._ 1. i? 5ection 11. Authorization of Agreement, Bond Purchase Agreement, Indenture and Assignment. In order to better secure the payment of the Bond Service Charqes as the same shall become due and payable, the Executive of the Issuer is herebv authorized and directed to execute, acknowledqe and deliver, on benalf of the Issuer, the Aqreement, the Bond Purchase Aqreement, the Indenture and the assignment of the Note, in substantially the forms submitted to this Issuing Authority, which are hereby approved, with such chanqes therein not inconsistent with this Bond Leqislation and not substantially adverse to the Issuer as may be permitted by the Act and approved by such Executive. The approval of such chanqes by such Executive, and that such are not substantially adverse to the Issuer, shall be conclusively evidenced by the execution of tt?e Agreement, the Bond Purchase Aqreement, the Indenture and such assiqnment by such Executive. The Fiscal Officer, Executive ancf Clerk of the Issuinq Authority are each hereby separately authorized to take any and all actions and to execute such certificates and other instruments that may be necessary or appropriate in the opinion of Peck, Shaffer & Williams, as Bond Counsel, in order to effect tne issuance of the Bonds and the intent of this Bond Leqislation. The Clerk of the Issuing Authority, or other appropriate officer of the Issuer, shall certify a true transcript of all proceedings had with respect to the issuance of the Bonds, along with such information from the records of the Issuer as is necessary to determine the reqularity and validity ot the issuance of the Bonds. This Bond Leqislation shall constitute a part of the Indenture as therein provided and for all purposes of the Indenture, including, witnout limitation, application to this Bond Legislation of the provisions in the Indenture relating to amendment, modification and supplementation, and provisions for severability. Section 12. Prevailing Rates of Waqes. All laborers and mechanics employed on the Project shall be paid at the prevailing rates of wages of laborers and mechanics for the classes of work called for by the Project, which waqes shall be determined in accordance with the requirements of Chapter 4115, Ohio Revised Code, for determination of prevailinq waqe rates; providea that, if the Borrowers or other non-public user bene- ficiary of the Project undertakes, as a part of the Project, construction to be performed by its regular bargaininq unit employees who are covered under a collective bargaining agreement whicn was in existence prior to July 15, 1986, the rate of pay provided under the applicable collective bargaining agreement may be paid to such employees. -21-