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case the per annum interest rate shall equal said national <br /> prime rate of interest; shall be issued in registered form; <br /> shall be registrable as provided therein; shall be payable in <br /> the medium and at the place or places provided therein; and <br /> shall be subject to optional and mandatory prepayment as pro- <br /> vided therein. <br /> Section 6 . The Mayor and/or the Clerk of the City are <br /> authorized and directed to sell said Economic Development <br /> Revenue Bonds to Valley American Bank and Trust Company at a <br /> price not less than one hundred percent (100%) of the principal <br /> amount thereof, 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 afore- <br /> mentioned 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 consum- <br /> mation 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, payment for which will be made to the Trustee for the <br /> account of the City. <br /> Section 8 . The provisions of this ordinance and the <br /> aforementioned documents shall constitute a contract binding <br /> -5- <br />