2008-01-16 Resolution 162 - Laserfiche WebLink

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deemed final Official Statement. The Authority hereby authorizes and directs the President and/or Secretary-Treasurer, or any other officer of the Authority, to place into final form and distribute and deliver the final Official Statement in accordance with the Rule, and further authorizes the President and/or Secretary-Treasurer, or any other officer of the Authority, to execute the final Official Statement. Section 10. The Secretary is authorized and directed to place a copy of the Trust Agreement, the Escrow Agreement and the Continuing Disclosure Undertaking Agreement in the minute book immediately following the minutes of this meeting and said Trust Agreement, Escrow Agreement, and Continuing Disclosure Undertaking Agreement is made a part of this Resolution as if the same were fully set forth herein. Section 11. 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 12. 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 $8,000,000, then the Authority shall issue such lesser principal amount of Bonds. Section 13. After the sale of the Bonds, the President and the Secretary are authorized to complete, and place or cause to be placed into final form, the Trust Agreement, the Escrow Agreement and the Continuing Disclosure Undertaking Agreement and then to execute the same on behalf of the Authority. Section 14. The President, Vice-President and Secretary-Treasurer of this Authority and each of them is hereby authorized to take all such actions and to execute all such instruments as are desirable to carry out the transactions contemplated by this Resolution, in such forms as the President, Vice President and Secretary-Treasurer executing the same shall deem proper, to be evidenced by the execution thereof. Section 15. The Authority hereby establishes its intent, pursuant to Section 1.150-2 of the Treasury Regulations promulgated by the Internal Revenue Service and I.C. 5-1- 14-6 to reimburse itself and the City for preliminary costs and expenses, if any, incurred or advanced in financing the Refunding from the proceeds of the Bonds when issued. Section 16. The provisions of this Resolution and the Trust Agreement shall constitute a contract between the Issuer and the holders of the Bonds, and, after the issuance of the Bonds, this Resolution shall not be repealed or amended in any respect which would adversely affect the rights of such holders so long as the Bonds or the interest thereon remains unpaid. *~~** BDDBOI 5089147v2 - 4 -