1996-03-13 Resolution 107 - Laserfiche WebLink

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~: substantially in the form presented to this meeting, with such changes as may be required and which are approved by the Authority's legal counsel as H.J. Umbaugh & Associates may recommend, to describe adequately the Bonds and information related thereto, to all parties who in its judgment may be interested in bidding on such Bonds; and the Authority shall place a copy of such Preliminary Official Statement as presented to this meeting with the minutes of this meeting. Section 9. The Bonds shall be sold by private negotiated sale, as provided by is LC. 36-7-14.5-19 and LC. 5-1-5, upon terms acceptable to the President and Secretary- Treasurer of the Authority. In no event shall the Bonds be sold at a purchase price of less than ninety-nine and one quarter percent (99.25%) of the par value of the Bonds, plus accrued interest thereon to the date of delivery. The President and Clerk-Treasurer are hereby authorized to enter into a purchase agreement for the sale of the Bonds on the terms and conditions set forth therein, consistent with the provisions of this Resolution. The President or Vice-President or Secretary-Treasurer are hereby authorized to carry out, on behalf of the Authority, the terms and conditions set forth in said purchase agreement, consistent with the provisions of this Resolution. Section 10. Prior to the delivery of the Bonds the Secretary shall be authorized to obtain a legal opinion or opinions as to the validity of the Bonds from bond counsel for the .Authority, and to furnish such opinion or opinions 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. -7-