2025-031 Ordinance - Laserfiche WebLink

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and its Participants, and asrafers of the ownership of book entry intends shall be male only by book entry by the depository arm its Participants and (iv) the Notes as such shall not be tmnaf ble or exchangeable, except for tramter to another Depository or to another nominee of a Depository, without farmer action by the City. If any Depository dmanines not to continue to act as a Depository for the Notes for use in a book entry system, the Director of Finance may aircraft to establish a securities deposhery/book entry relationship with another qualified Depository. 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 from the Depository, and shall cause the Notes in bearer or payable form to be signed by the officers authorized to sign the Notes and delivered to the assigns of the Deposhory or its mmime, all at the cost and expense (including any oohs of printing), if the event is not the result of City action or mention, of those folsons requesting such issuance. The Director of Finance is also hereby authorized and directed, to the emnt necessary or required, to enter into any agwnarrs demanded necessary in connection with the book entry system for the Noes, after determining that the signing thereof will not endanger the funds or seventies ofthe City. Section 6. Award and Sale of the Notes. (a) To the Original Purchases. The Notes shall be said by the Director of Finance at Private sale a[ a pureham lance not less than pan, as determined in the Certificate of Award, and in accordance with law and the provisions of this Ordinance. The Direcor of Finance sball sign the Certificate of Award referred to in Section 3 specifying the aggregate principal amount of the Notes to be issued, the interest nam the News Shall bear, the final purchase price of the Notes and certain other firs) terms of the Notes and evideming that sale, cause the Notes to be prepared, and have the Notes signed and delivered, together with a true transcript of proceedings with refemme to the issuance of the Notes if requested by the Orighal Purchaser, to the Original Purchaser upon payment of the purchase pace. The Mayor, the Director of Finance, the Director of law, the Clerk of Comcil and other City officials, as appropriate, are each amhmisd and directed to sign any honored certificates, fimrcisl statements and outer documems and instruments aed to take such actions as are necessary or appropriate to consummme the transactions contemptatwd by this Ordinance. The Director of Finance is authorized, if it is determined to be in the best imerest of the City, to combine the issue of Notes with one or more other unvo[ed general obligation bond antcipation note issues of do City into a consolidated note issue purnext to Section 133.30(B) of the Revised Code. de) Note Purchase Ajovernent. If the Director of Finance and the Original Purchaser determine to use a Note Purchase Agreement, then the Mayor and the Director of Finance shall sign and deliver, in the name and on behalf of the City, the Note Purchase Agessa as between the City and the Onigiml Purchaser (the Note Purchase Agreement), which Note Purchase Agreement shall he in substantially the form than has previously been used by the City for the sale of its bond anticipation notes, providing for the sale m, and the purchase by, the Original Purchaser of the Notes. The Note Purchase Agreement is approved, together with any changes or amendments that are neat undulation nt with rids Ordinance and not substantially adverse to the City and that are .4.