2008-06-05 Resolution 168 - Laserfiche WebLink

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Bonds") required to be made as set forth below. The Term Bonds shall have a stated maturity or maturities on May 1 or November 1 of the years 2009 through May 1, 2028 (or such other dates as determined by the President of the Authority at the time of the sale of the Bonds, provided the final maturity many not be later than May 1, 2028), inclusive, as determined by the Underwriter. In the event that the successful bidder opts to aggregate certain Bonds into Term Bonds, such Term Bonds shall be subject to mandatory sinking fund redemption prior to maturity at a redemption price equal, to one hundred percent (100%) of the principal amount thereof, plus accrued interest to the redemption date, but without premium, on May 1 and/or November 1 of each year and in the principal amounts corresponding to and consistent with the principal amounts and maturities for the Bonds as determined herein. Section 3. The Bonds maturing on or after May 1, 2018, shall be redeemable prior to maturity at the option of the Authority, in whole or in part in whole multiples of Five Thousand Dollars ($5,000), in amounts and maturities to be determined by the Authority and by lot within maturities, on any date not earlier than November 1, 2017, from any moneys made available for that purpose, at a redemption price equal to one hundred percent (100%) of the principal amount of each Bond to be redeemed, and without premium, plus accrued interest to the redemption date. Section 4. The Authority hereby appoints U.S. Bank National Association, to serve as trustee for the Bonds (the "Trustee"). The Trustee for the Bonds shall be charged with and shall by the Trust Agreement undertake the duties and responsibilities customarily associated with such position, as evidenced by the Trust Agreement. Section 5. The 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 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 Secretary-Treasurer is authorized and directed to place a copy of the Trust Agreement in the minute book immediately following the minutes of this meeting and said Trust Agreement is made a part of this Resolution as if the same were fully set forth herein. Section 7. The Bonds shall be sold by private, negotiated sale, as provided by Section 19 of the Act, to J.J.B. Hilliard, W.L. Lyons, Inc. ("Underwriter") at a price not less than ninety-nine percent (99.0%) in accordance with a bond purchase contract to be entered into with respect hereto. The President, the Vice-President and the Secretary-Treasurer of the Authority are, and each of them is, hereby authorized to negotiate, execute and deliver a bond purchase contract on behalf of the Authority to provide for the sale of the Bonds, consistent with the provisions of this Resolution. Section 8. The President and the Vice-President of the Authority are, and each of them is, hereby authorized to approve a Preliminary Official Statement of the Authority (the BDDBOI 5259163v1 - 3 -