2001-04-16 Resolution 145 - Laserfiche WebLink

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• Section 4. At the option of the Underwriter of the Bonds, the Bonds may be aggregated into one (1) or more term bonds payable from mandatory sinking fund redemption payments (the "Term Bonds") as provided in the Trust Agreement. The Term Bonds shall have a stated maturity or maturities on February 1 or August 1 as set forth in the Bond Purchase Agreement. Such Term Bonds shall be subject to mandatory sinking fund .redemption prior to maturity at a redemption price equal to 100% of the principal amount thereof, plus accrued interest to the redemption date, but without premium, on February 1 or August 1 in the years and in the principal amounts set forth in the maturity schedule for the Bonds contained in the Bond Purchase Agreement. Section 5. Said Bonds shall be issued in accordance with and shall be secured by a trust agreement substantially in the form of the Trust Agreement as submitted to this meeting, with such changes as the President or Vice-President and the Secretary-Treasurer of the Authority deem necessary or appropriate to effectuate these resolutions and to consummate the sale of the Bonds, said officers' execution and attestation thereof to be conclusive evidence of their approval of such changes. Section 6. The Authority shall enter into the Escrow Agreement substantially in the form of the Escrow Agreement submitted to this meeting, in order to effect the advance refunding of the Refunded Bonds in accordance with their terms. The Authority hereby authorizes the President orVice-President and Secretary-Treasurer to execute and attest, respectively, the Escrow Agreement substantially in the form of the Escrow Agreement as submitted to this meeting, with such changes as maybe approved by the President or Vice-President and Secretary-Treasurer with such approval to be conclusively evidenced by such authorized execution and attestation of the Escrow Agreement. • -4- ::ODMA\MI30DMA\SBIMAN1;91771; ]