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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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 vrIth advice and recomme elation for award or awards based on the conditions of award specified in the Notice of Sale, and proposals received pursuant to such Notice of Sale, and request concurrence in the proposed award or awards: Provided, That such sward or rds shall be made at the lowest rate or rates spec if eel.ir_ the proposals, ut in no.eveat at a rate which equals or exceeds the rate, or the lowest of aiy two or more interest rates, to be borne by the Project Temporary Loan Note 07 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 informal, to the effect that the Government has no objections to the proposed avird or aimrds 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. Each such notice of award shall be unqualified and shall be confirmed by letter from the Authorized Officer to each successful. bidder. SECT 6. PREPARATION AND EXECUTION OF NOTES. Promptly following; the award of a series of Notes, the Authorized Officer shall have the -same prepared, in accords ce with recognized municipal financing practices, for execution and delivery tc the purchaser or purchasers The Notes shall be signed in the name of he Loc 1 Public nc by and through the manual signature of the Mayor of the of and shall have the corporate seal of said City I m ressed thereon and attested by the or the W�.'� of the �?'' of on behalf of the Local 1 blic Agency; and said officers are hereby authorized and directed t cause said Notes to be properly executed.. SECT I N 7. SECURITY AND EXECUTION OF UiSITION AGREEMENTS. Each series of Notes slall be payable as to both principal and interest solely from funds provided by the United States of America pursuant to a requisition agreement: Prow ided, That the Local.Public Agency hereby consents to the Payment Agreement of the Uni ed States of America to be endorsed on each Note. Each such requisition agreement shall be in substantially the form of either Form No. H -30T9a (5 -63) or No. H -3079 (5-63), as required by the facts, a copy of each of which forms of "Requisition Agreement" has been examined by the Redevelopment Commission, on behalf of he Local Public Agency, and are hereby ordered. to be filed as a part of the official records of the 'Local Public Agency. The Secretary of the Redevelopment Commission shall endorse on each copy of said forms of "Requisition Agreement" a statement identifying such fortes as the forms of requisition agreement approved b this Resolution, and shall furnish the said Regional Administrator and bond counsel engaged by the Local Public Agency to render the approving opinion respecting the series of Notes, defined in a specific Requisition Agreement as the "New Prel nary Loan Notes "t each a certified copy of said Forms H -3079a (5 -63) and H -3078 (5 -63) as hereby approved.. The proper officer or officers of the Local Pub c Agency are hereby authorized and directed to execute the specific Requisitio2 Agreement designed to secure their payment. without limiting the general t and conditions of such Requisition Agreement, when executed by the Gavernmen the same is hereby declared to be and is hereby assigned. by the Local.