1994-05-17 Resolution 91 - Laserfiche WebLink

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a i 10 140 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 costs of such bond insurance and 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 10. If the President or the Secretary- Treasurer determine that market conditions at the time of the sale of the Bonds are such that the Authority is able to finance the Project by issuing Bonds in an aggregate principal amount which is less than Seven Million Five Hundred Thousand and 00/100 Dollars ($7,500,000.00), then the Authority shall issue such lesser principal amount of Bonds. Section 11. After the sale of the Bonds, the President and the Secretary - Treasurer are authorized to complete the Trust Agreement and then to execute the same on behalf of the Authority. Section 12. The President, Vice President, and Secretary - Treasurer of this Authority and each of them is hereby authorized, empowered and directed to enter into an agreement with Depository Trust Company ("DTC") for the safekeeping and book - entry of the Bonds and to complete and execute a Letter of Representations with DTC to evidence such agreement, in substantially the form presented to the Authority, together with such changes and modifications as may be approved by the President, Vice - President or Secretary- Treasurer, said officers' execution to be conclusive evidence of their approval of such changes.