No. 1065 amending Resolution No. 1054 and amending the resolutions unbder which tax incremnent bonds are outstanding

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consecutively beginning with the number 1, shall be dated the first Fir-, day of the month in which the Bonds are to be delivered, the date 60 of delivery, or any other date as the City Controller deems advisable, shall bear interest at a rate not exceeding ten per cent (10 %) per annum, the exact rate or rates to be determined by bidding, shall be issued in registered form, and shall be redeemable and transferable as set forth in the form of Bond herein. The Bonds shall rank on a parity with the 1985 Bonds and 1986 Bonds which are not advance refunded with proceeds from the sale of the Bonds and with the 1988 Bonds. The principal of and premium on Bonds shall be payable in lawful money of the United States of America at the office of the Paying Agent serving under Section 14 of this Resolution, or of any alternate paying agent named in any Bond or subsequently appointed. The Bonds shall mature substantially as set forth on Exhibit C attached hereto and incorporated herein. The Commission has received a parity certificate as required by the Prior Resolutions and the 1988 Resolution, and hereby approves and confirms the findings and estimates set forth in the parity certificate. The Bonds are not general obligations of the City or the Redevelopment District but are limited and special obligations payable solely as set forth therein. The Bonds shall be authenticated with the manual signature of an authorized representative of the Registrar serving under Section 14 of this Resolution, and no Bond shall be valid or obligatory for any -4-