2025-030 Ordinance - Laserfiche WebLink

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entry relationship with another qualified Depositary. If the Director of Finance does not or is unable to do so, the Director of Finance, after making provision for notification of the book entry Interest owners by the then Depository and any, other arrangements deemed necessary, shall permit withdrawal of the Notes Gam the Depository, and shall cause the Notes in bearer or payable form an be signed by the officers authorized to sign the Notes ad delivered to the assigns of the Depository or its nominee, all at the east and expense (including any costs of printing), if the event is not has result of City action or imem'om of those persons ralussting such issuance. The Director of Finance is also hereby authorized and direttd, to the extent necessary or respond, to enter into aftY agreements determined necessary in connection with the book entry system for the Notes, order determining that the signing thereof will not endanger the firms or securities ofthe City. Saxon 6. Award and Sac of the Notes. (a) To the Chia nal Pemhaser. The Notes shall be sold by the Director of Finance at private We at a purchase price not less than par, as determined in the Certificate of Award, ad m accordance with law and the Mm siom of this OdG . The Director of France shall sign the Certificate ofAwmd referred w in Section 3 specifying the aggregate primcipl amount of the Notes to be issued, the interest rate the Notes shall bear, the foal pure rsom price of the Notes and certain other final terms of the Notes ad evidencing that We, cause the Notes to be prepared, and have the Notes signed and delivered, together with a true transcript of proceedings with reference to the issucance of the Notes if relaested by the Origund Purchaser, to the Original Ptucbaser upon payment of the purchase price. The Mayor, the Director of Finance, the Director of Law, the Clerk of Council and other City officials, as appropriate, are each authorized and directed to sign any transcript certificates, financial statement and other documents and instruments and to take such ocriota as are necessary or appropriate to consummate the transactions contemplated by this Odinance. The Director of Furnace is audouracd,if it is determined an he in the best interest of the City, m combine the issue of Notes with one or mom other umawd[ general obligation bold anticipation note issues of the City into a consolidated note Issue pursuant to Section 133.30(B) of the Revised Code. (b) NOW Purchase Agreement. If the Director of Finance and the Original Purchaser determine to use a Now Purchase Agreement, then the Mayor ad the Director of Finance shall sign and deliver, in Got ounce and on behalfofose City, the Note Purchase Agreement between the City and the Original Purchaser (the Now Purchase Agreement), which Now Purchase Agreement shall he in sabsGn6ally the form that has previously ban used by the City for the We of its bond anticipation notes, providing for the We m, and the purchase by, the Original Purchaser of the Noes. The Now Purchase Agreement is approved, together with any changes or amendments that are not mconsistan with this Ordinance and not substantially adverse to the City and that are approved by the ['rector of Finance on behalf of the City, all of which shall be wnclwevely evidenced by the signing of the Note Purchase Agreement or amendments thereto. (c) Application for Raring: Fimacine Costs. The Director of Finance is auherized to request a rating for the Notes from one or more mationaby-recognized rating agencies m connection with the We and issuance of the Notes. The expenditure of the amounts necessay to secure those mung(s) and to pay the other financing coma (a defined m gecton 133.01 of the El