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FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto <br />this bond and all rights thereunder, and hereby <br />irrevocably constitutes and appoints attorney, to <br />transfer the within bond on the books kept for the registration thereof with full power of <br />substitution in the premises. <br />Dated: <br />NOTICE: Signature(s)must be guaranteed by an NOTICE: The signature to this assignment must <br />eligible guarantor institution participating in a correspond with the name as it appears on the <br />Securities Transfer Association recognized face of the within bond in every particular, <br />signature guarantee program. without alteration or enlargement or any change <br />whatsoever. <br />SECTION VIII. Authorization for Preparation and Sale of the Bonds and BANs; <br />Official Statement. (a) The Controller is hereby authorized and directed to have the Bonds and <br />BANs prepared, and the Mayor and Clerk are hereby authorized and directed to execute and attest <br />the Bonds and BANs in the form and manner provided herein. The Controller is hereby authorized <br />and directed to deliver the Bonds and BANs to the respective purchasers thereof. At the time of <br />delivery of the Bonds and BANs, the Controller shall collect the full amount which the respective <br />purchasers have agreed to pay therefor,which amount shall not be less than 99%of the face amount <br />of the BANs and not less than 99%of the face value of the Bonds,plus accrued interest to the date <br />of delivery, if any. The City may receive payment for the BANs or the Bonds in installments. The <br />Bonds, as and to the extent paid for and delivered to the purchaser, shall be the binding special <br />revenue obligations of the City payable out of the Net Revenues of the waterworks to be set aside <br />into the Sinking Fund as herein provided. The proceeds derived from the sale of the Bonds shall <br />be and are hereby set aside for application to the cost of the Project hereinbefore referred to, the <br />refunding of the BANs, if issued, and the expenses necessarily incurred in connection with the <br />BANs and Bonds. The proper officers of the City are hereby directed to sell the Bonds, to draw <br />all proper and necessary warrants, and to do whatever acts and things which may be necessary to <br />carry out the provisions of this Ordinance. <br />b) As an alternative to public sale, the Controller may negotiate the sale of the <br />BANs or Bonds to the Authority as part of its IFA Program. The Mayor and the Controller are <br />hereby authorized to (i) submit an application to the Authority as part of its IFA Program, (ii) <br />execute a Financial Assistance Agreement with the Authority with terms conforming to this <br />ordinance, and (iii) sell such BANs or Bonds upon such terms as are acceptable to the Mayor and <br />the Controller consistent with the terms of this Ordinance. The substantially final form of Financial <br />Assistance Agreement attached hereto as Exhibit B and incorporated herein by reference is hereby <br />approved by this Common Council,and the Mayor and Controller are hereby authorized to execute <br />and deliver the same, and to approve any changes in form or substance to the Financial Assistance <br />Agreement which are consistent with the terms of this Ordinance, such changes to be conclusively <br />evidenced by such execution. <br />17-