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SECTION I. The Common Council hereby approves of the issuance of the Bonds, in <br /> eleven(11) series, in an aggregate principal amount for each series not to exceed the Authorized <br /> Amount set for at Exhibit A hereto to provide for the Projects and to pay all incidental expenses <br /> incurred in connection therewith, including the costs of issuance of the Bonds. <br /> SECTION II. The interest rate on each series of the Bonds shall not exceed five percent <br /> (5.00%) per annum. The final maturity date of each series of the Bonds shall not be later than <br /> January 15, 2033. Each series of the Bonds may be subject to redemption prior to maturity on <br /> terms determined by the President of the Board prior to the sale of the Bonds, with the advice of <br /> the Board's financial advisor,provided that the Bonds may be subject to optional redemption not <br /> earlier than January 15, 2026. <br /> SECTION III. The proper officers of the City are hereby authorized and directed, for <br /> and on behalf of the City, to execute and deliver any contract, agreement, certificate, instrument <br /> or other document and to take any action as such person determines to be necessary or <br /> appropriate to accomplish the purposes of this Resolution, such determination to be conclusively <br /> evidenced by such person's execution of such contract, agreement, certificate, instrument or <br /> other document or such person's taking of such action. <br /> SECTION IV. This Resolution shall be in full force and effect from and after its <br /> passage by the Common Council and approval by the Mayor as required by law. <br /> Member of the Common ouncil <br /> Filed in �-Ffloe <br /> OCT 18 2011 <br /> -vLSENTED O C l a J 1 AW1 <br /> NOT A.PPR01a 2 CITY CLERK,SC! IN <br /> ♦DOPE <br />