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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Public Agency for the benefit of the holder .or holders from time to time of the New Prelim nary Loan Notes described therein, and the proceeds of the Project Temporary Loan Note or Notes executed pursuant to Section 8 hereof and deposited with the Gcvernment for purchase pursuant to such Requisition Agreement are hereby irrevocabl pledged first, to the payment at maturity of the principal and interest on said Ne Preliminary Loan Notes. SECTI N 8. EXECUTION AND nELTVERY OF PROJECT TEMPORARY LOAN NOTES. The Mayor of t &4am of on behalf of the Local Publ a Ag ncy s hereby authorized and directed to execute the Project Temporary an Note(s), as described and defined in the Requisition Agreement as the "Es row Project Temporary Loan Note" (the issuance of which has heretofore been autho ized by a Resolution Authorizing the Issuance f Certai Project Temporary Isoan Notes in Connection With Project No. , and ,Providing for the Security for the Payment Thereof, and for Other Purposes, duly adopted by the Local Public Agency on the ......9 " ,� day of ►� ,y_,,,, 19-"-., as amended). Each such Escrow Project Temporary Loan mote shall have the corporate seal of said City impressed thereon and attested by the 4UtY C-10ZU or the of the RM of The Escrow Project Temporary Doan Note or the aggregate r c pa amount of any two or more notes constituting the Escrow Project Temporary Loan Note under the Requisition Agreement shall equal the principal amount of the New Preliminary Loan Notes described in the Requisition Agreement plus estimated interest thereon determined on the basis of the requisition and in accordance with Section 3 hereof, and:, also, shall equal the amount of the Requisitioned Payment described in the Requisition Agreement. Project Temporary Loan Noteswhether purchased by the Government through direct purchase under the Loan and Grant Contract, or through operations under a Requisition Agreement, or deposited with the Government fox' purchase pursuant to a Requisition Agreement, shall be numbered from 1 upward in orderly sequence; and each such Project Temporary Loan Note a) shall bear interest from date of delivery thereof and the payment therefor b the Government at a rate or rates determined in accordance with the Loan and G ant Contract; (b) shall bear a statement at the foot thereof an substanti l.y the following form: and (c) shv Government Requisition Government and Condit: "Delivery of this note was accepted and payment therefor made on the day of UNITED STATES OF AMERICA Housing and Home Finance Administrator By ►► , Title X11 not be valid until said statement is duly executed on behalf of the . The Escrow Project Temporary Loan Note, as described in a specific L Agreement, shall be delivered by the Authorized Officer to the to be held and paid for by the Government in accordance with the terms .ons contained in such Requisition Agreement. 5 .