1998-10-19 Resolution 130 - Laserfiche WebLink

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Authority at this meeting, the terms of which are incorporated herein, with such changes as may be • approved by the Secretary-Treasurer with such approval to be conclusively evidenced by the execution of such notice by the Secretary-Treasurer. Section 10. Prior to the delivery of the Bonds the Secretary shall be authorized to obtain a legal opinion as to the validity of the Bonds from bond counsel for the Authority, and to furnish such opinion to the purchaser or purchasers of the Bonds. The cost of such opinion shall be considered as part of the costs incidental to the issuance of the Bonds and shall be paid out of proceeds of said Bonds. Section 11. If the President and the Secretary determine that market conditions at the time of the sale of the Bonds are such that the Authority is able to finance the refunding of the Refunded Bonds by issuing Bonds in an aggregate principal amount which is less than $7,000,000, then the Authority shall issue such lesser principal amount of Bonds. Section 12. The Official Statement is hereby approved in the form presented to the Authority at this meeting, and the Official Statement in the form presented at this meeting is hereby deemed final for purposes of the provisions of the Rule, subject to completion as permitted by the Rule. The Financial Advisor is hereby authorized and directed to cause to be distributed such Official Statement to all parties who in its judgment may be interested in bidding on such Bonds substantially in the form presented to this meeting with such changes as may be recommended by the Financial Advisor, approved by the Authority's legal counsel and which are subsequently approved by the President, with the signature of the President on the Official Statement to evidence such approval. • -6- ::ODMA\PCDOCS\SBDOCS 1\2420012