Authorizing Tax Anticipation Time Warrants for 1988 (2)

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and the Purchaser, hereby authorized to be entered into and executed by the City Controller, on behalf of the City, subsequent to the date of the adoption of this Ordinance in accordance with the terms and conditions of this Ordinance, and with such Purchase Agreement to set forth the definitive terms and conditions for such sale, including the interest rate or rates on the Warrants, which shall not exceed the maximum authorized rate of interest for the Warrants issued pur- suant to this Ordinance. The Warrants sold to the Purchaser shall be accompanied by all documentation required pursuant to the provisions of Indiana law and the Purchase Agreement, including without limita- tion an approving opinion of nationally recognized bond counsel, cer- tification and guarantee of signatures and certification as to no litigation pending, as of the date of delivery of the Warrants to the Purchaser, challenging the validity or issuance of the Warrants. The entry by the City into the Purchase Agreement and the execution of the Purchase Agreement on behalf of the City by the City Controller, in accordance with the Ordinance, are hereby authorized, approved and ratified. Section 7. The proper officers of the City are hereby authorized to deliver the Warrants to the Purchaser thereof upon receipt from such Purchaser of the agreed purchase price, pursuant to the Purchase Agreement. The Warrants of each purchase of each issue will be deli- vered as a single parcel at one time or pursuant to any agreement or understanding with respect to said delivery by and between the City Controller and the Purchaser of the Warrants. -g-