Laserfiche WebLink
of Five Thousand Dollars ($5,000.00) or integral multiples <br />thereof; shall be issued in registered form; shall be regis- <br />trable as provided therein; shall be payable in the medium and <br />at the place or places provided therein; and shall be subject <br />to optional and mandatory prepayment as 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 Harris Trust and Savings Bank at a price not less <br />than one hundred percent (100 %) of the principal amount there- <br />of, plus accrued interest. <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 makinq <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 Harris Trust and Savings Bank, <br />payment for which will be made to the Trustee for the account <br />of the City. <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 />ment Revenue Bonds this Ordinance shall not be repealed or <br />amended in any respect which would adversely affect the rights <br />