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1990-12-17 Resolution 27
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1990-12-17 Resolution 27
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7/17/2008 2:10:21 PM
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interest cost which is equal to or higher than the best bid <br />received a <br />t the time fixed for the sale of the Bonds. Prior to the <br />delivery of the Bonds the Secretary shall be authorized to <br />obtain <br />a legal opinion as to the validity of the Bonds from Baker & <br />Daniels, bond counsel for the Authority, and to furnish such <br />opinion to the purchaser or purchasers of the Bonds. <br />The cost of <br />such opinion shall be considered as part of the costs incidental <br />to the issuance of the Bonds and shall be paid out of proceeds of <br />said Bonds. <br />Section 7. If the President and the Treasurer, with <br />the advice of the financial advisor to the Authority, determine <br />that market conditions at the time of the sale of the Bonds are <br />such that the Authority is able to finance the Project by issuing <br />. Bonds in an aggregate principal amount which is less than <br />$2,355,000, then the Authority shall issue such lesser princi al <br />amount of Bonds. P <br />Section 8. After the sale of the Bonds, the President <br />and the Secretary are authorized to complete the Trust Agreement <br />and then to execute the same on behalf of the Authority. <br />Section 9. The President <br />Vice President, and. <br />Secretary-Treasurer of this Authority and each of them is hereb <br />authorized to take all such actions and to execute all such <br />instruments as are desirable to carry out the transactio <br />contemplated by this Resolution, in such forms as the Presidenns <br />Vice President, and Secretary-Treasurer executing the sa t, <br />deem me shall <br />proper, to be evidenced by the execution thereof. <br />\r1hi11\sthbnd\airport\resoluti\ra-auth.l;tmg;12/14/90,• <br />
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