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• <br /> specified in the Loan Agreement, Mortgage and Security <br /> Agreement, until the Series 1985 Bonds are paid; shall be <br /> issued in registered form; shall be registrable as provided <br /> therein; shall be payable in the medium and at the place or <br /> places provided therein. <br /> Section 6 . The Mayor and/or the Clerk of the City are <br /> authorized and directed to sell said Economic Development Reve- <br /> nue Bonds to Valley American Bank and Trust Company for 100% of <br /> the principal amount of the Bonds plus accrued interest, if any. <br /> Section 7. The Mayor and the Clerk of the City are <br /> authorized and directed to execute and deliver the aforemen- <br /> tioned documents for and on behalf of the City after making <br /> therein such changes permitted by the Act as they deem neces- <br /> sary or proper, as evidenced by their execution of such docu- <br /> ments, and are further authorized and directed to execute and <br /> deliver such other documents for and on behalf of the City, and <br /> to take such other actions for and on behalf of the City, as <br /> they deem necessary or proper in connection with the consumma- <br /> tion of such financing . The Mayor and the Clerk of the City <br /> are authorized to arrange for the delivery of said Economic <br /> Development Revenue Bonds to Valley American Bank and Trust <br /> Company. <br /> Section 8. The provisions of this ordinance and the <br /> aforementioned documents shall constitute a contract binding <br /> between the City and the holders of said Economic Development <br /> Revenue Bonds, and after the issuance of said Economic Develop- <br /> -5- <br />