No. 0083 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-7

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The aggregate principal wwunt of the respective series of Notes shall equal the said estimate of loan funds required by the Local Public Agency, exclusive of said estimated erest, for the period from and including the date of such Notes to their maturity: Proms, That, for convenience of financing, in determining the principal amount of the respective series of Notes said estimate shall be rounded upward to the next multiple of $1,000. The Notes of the respective series of Notes shat be numbered from 1 upward in orderly sequence. SECTS N 4. ADVERTISM OF NoTES. Upon receipt of the advice of or on behalf of the Regional Administrator of the Housing and Home Finance Agency, indicating that the Government anticipates approving a payment to the Local Public Agency of funds on account of the Project Temporary Loan under the requisitio described in Section 3 hereof and a Requisition Agreement herein- after desc ibed, they Authorized Officer shall advertise a series of Notes, in the princi al amount determined under said Section 3, for sale in accordance with the p iurrounding licies, terms, and conditions of sale specified in the form of Notice of ale of Preliminary Loan Notes attached hereto as "Exhibit B ", with the b ank spaces therein completed as required by this Resolution and the facts each series of Notes: Provided. That the date specified for the receipt of sealed proposals shall be mutually satisfactory to the Authorized Officer and the Government, but in no event earlier than the seventh day following the publication of the Notice of Sale nor later than the sixteenth day following such publication; Provided furtbeE That the hour fixed for the public opening of bids shall be one a lock P.M., lawful time in the City of New York, New York. Said Notice of Sale shall be published once in The Daily Bond Buyer, a financial newspaper of national circulation published in the City and State of New York. The Authorized Officer is hereby empowered to join with other local public bodies in offering Preliminary Loan Notes for sale under a consolidated Notice of ale to be published in The Daily Bond Buyer pursuant to which the Local Public Agency and other local public bodies jointly advertise their respective series of Prelimineary Loan Notes for sale pursuant to the policies, terms, and conditions substantially as provided by Exhibit B hereto. Said Notice of Sale shall be published on a date mutually satisfactory to the Authorized Officer and the Governmnt,, and under a predetermined financing schedule designed to provide to the Loa 1 Public Agency funds to assure the orderly financing or refinancing of the Pro ect for the financing period determined pursuant to Section 3 hereof'. The form o Proposal (Form loo. H -3088 - (8 -58)) attached hereto and marked "Exhibit C', including the policies, terms, and conditions thereof, is hereby adopted as the form of proposal which shall be required of bidders pursuant to the Notice of Sale: Proms ded, That the Authorized Officer may consent to a request made by a successful- bidder prior to the delivery of Notes to designate a paying agent., if qualified under the terms of the Notice of Sale, other than the paying agent named in the proposal, and, alsop may consent to changes in the denominati ns of Notes as specified in the proposal. SECTI N 5. AWARD OF NOTES. The Authorized officer is hereby appointed as the awarding officia owe behalf of the Local Public Agency, anal is hereby authorized and directed on each date specified in a Notice of Sale of a series of Notes, And at the time and place specified in such Notice of Sale, to receive, open, and review all proposals received for the purchase of the series of Notes. Proposals, including telegraphic proposals or instructions as to the completion of proposa s, received after one o` clock P.M.� the hour (New York time) specified in the Not ce of Sale, shall not be opened but rather shall be returned by the 3 _