No. 0084 authorizing issuance, sale, delivery from preliminary loan notes, execution of requisition agreements, execution of project temp. loan notes for delivery pursuant to requisition agreements IND R-29

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Authorized Officer to the proposed bidder who shall be advised of the date and hour when his proposal or telegram was received. Any proposals which are incomplete in any substantial respect shall be forthwith rejected by the Authorized, Officer. Upon completion of the review, the contents of all proposals shall be communicated by telephone to counsel on behalf of the said Regional Administrator with advice and recomme dation for award or awards based on the conditions of award specified n. the Noti a of Sale, and proposals received pursuant to such Notice of Sale, and request concurrence in the proposed award or awards: Provided, That such award or awards shall be made at the lowest rate or rates specified in the proposals, but in no event at a rate which equals or exceeds the rate, or the lowest of any two or more interest rates, to be borne by the Project Temporary Loan Note or Notes authorized for delivery to the Government for purchase under the terms of a Requisition Agreement as herein provided.. Upon receipt of the advice of or on behalf of the said Regional Administrator, which advice may be formal or ' formal, to the effect that the Government has no objections to the proposed award or awards of the Notes, the Authorized Officer shall promptly notify each successful bidder by telegram of the award.of all or a portion of the series of Notes to such bidder. Nach such notice of award shall be unqualified and shall be confirmed by letter from the Authorized,Officer to each successful bidder. SECTION 6. PREPARATION AND EXECUTION OF NOTES. Promptly following the award of a series of Notes, the Authorized Officer sba.11 have the same prepared, in accordance with recognized municipal financing practices, for execution and delivery to the purchaser or purchasers. The Notes shall be signed in the name of,the Loca Public Agenc by and through the manual signature of the Mayor of the of and shall have the corporate seal of said City i pressed thereon and attested b y the 41 k or the of the o + r...., on behalf of t e Local Public Agency; and said- officers axe hee b authorized and directed to cause said Notes to be properly executed. of Notes sh provided by Provided, T of the Unit, agreement s'. No. H-3079b " Requisitio behalf of t of the offi Redevelopme Agreement" approved by bond course respecting "New Pre lin and H -3079b Local Publi Requisition general tex Government 1 7. SECURITY AND EXECUTION OF REQUISITION AGREEMENTS. Each series X11 be.payable as to both principal and interest solely from funds the United States of America pursuant to a requisition agreement: tat the Local Public Agency hereby consents to the Payment Agreement :d States of America to be endorsed on each Note. Each such requisition tall be in substantially the form of either Form No. H -3079a (5-63) or (5 -63), as regixired by the facts, a copy of each of which forms of L Agreement" has been examined by the Redevelopment Commission, on ie Local Public Agency, and are hereby ordered. to be filed as a part .ial records of the Local Public Agency. The Secretary of the it Commission shall endorse on each copy of said forms of "Requisition L statement identifying such forms as the forms of requisition agreement this Resolution, and shall furnish the said. Regional. Administrator and L engaged by the Local Public Agency to render the approving opinion the series of Notes, defined in a specific Requisition Agreement as the Lnary Loan Notes ", each a certified copy of said Forms H•3079a (5 -63) (5 -63) as hereby approved. The proper officer or officers of the Agency are hereby authorized and directed to execute the specific Agreement designed to secure their payment. Without limiting the ns and conditions of such Requisition Agreement, when executed by the Lhe same is hereby declared to be and is hereby assigned, by the Local 4 4 -