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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swnoi 9. DISPOSITION OF PROCEEDS. The proceeds of each issue of Preliminary Loan Notes issued pursuant to the authority of this Resolution shall be applied for the authorized purposes of this Resolution and as may be required by provisio s of the Requisition Agreement securing the respective issues of such Notes. SECTION 10. DELIVERY OF NOTES. Each Note of each issue of Notes authorized pursuant o this esolution shall be payable on the maturity date thereof at the incorporated Bank having trust powers or the incorporated Trust Company, as the purchaser thereof shall designate in the proposal. Such Bank or Trust Company is hereby designated as the Paying Agent for each such Note, and the Notes shall be delivered to the purchaser in accordance with the provisions of a Lette of Instructions (Urban Renewal Program), being Form No. H -308+ (12 -62), a copy of ich has been examined on behalf of the Local Public Agency and is hereby app oved. A copy of said Form H -3 084 (12 -62) is hereby ordered to be filed as a part f the official records of the Local Public Agency. The Secretary of the Redevelop t Commission shall endorse on such copy a statement identifying the same as t form of Letter of Instructions approved by this Resolution, and shall furnish th said Regional Administrator and said bond counsel, each a certified copy of said Form No. -H -3084 (12 -62) as hereby approved. Following the execution of an issue of No N prepare and execute said Letter of Instructions and forward each such Letter of Instructions, together with the Notes and Certificate and Receipt described therein, to the said Regional Administrator with the request that the same be approved and forwarded to the designated Paying Agent. SECTION 11. TRANScRir-TS AND PROCEEDINGS. The officers of the Local Public Agency, in luding the Authorized. Officer and attorneys for the Local Public Agency, are hereby authorized to furnish.to the Government, bond counsel engaged to reno'er the approving opinion on the respective issues of Preliminary Loan Notes authorized to be issu d. hereunder, and to the purchasers of Preliminary Loan Notes such informativ data, certificates and transcripts of proceedings as they may reason- ably re que t pertaining to the Local Public Agency, the Project, and the financing of the Pro ect. SECTION 12. CHANGES IN_AUM BRED AMOUNT. In the event the Local Public Agency and the.Government shall enter into one or more amendments to the Loan and Grant Contract on a date or dates subsequent to the adoption of this Resolution whereby the maximum amount of the Project Temporary Loan outstanding at any one time, refe red.to in the first preamble and in Section l of this Resolution, is either increased or decreased, the maximum amount of the Project Temporary Loan stated in terms of dollars in said preamble and in Section 1 shall automatically be increased or decreased to the maximum limitation specified in terms of stated dollars in the latest of any such amendment: Provided, That no such increase or decrease s 11 operate to modify in any manner the terms of payment on account of the Projec Temporary Loan under any outstanding Requisition Agreement. SECTION 13. EFFECTIVE DATE. This Resolution shall take effect immediately. - G -