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Underwriter at a price of 98.67% of par value plus accrued interest <br />to the date of delivery and payment. Receipt by the Trustee of <br />payment for the Series 1983 Bonds shall constitute payment to the <br />City of the purchase price of the Series 1983 Bonds. <br />Section 5. Indenture. In order to secure the payment <br />of the principal of and interest on the Series 1983 Bonds, the <br />Mayor and City Clerk shall execute, attest, seal and deliver, in <br />the name and on behalf of the City, an Indenture of Trust in <br />substantially the form submitted to this Common Council, which is <br />hereby approved in all respects. <br />Section 6. Loan Agreement. In order to provide for the <br />loan of the proceeds on the Series 1983 Bonds to acquire and <br />construct the Project and the payment by the Company of an amount <br />sufficient to pay the principal of, premium, if any, and interest <br />on the Series 1983 Bonds, the Mayor and City Clerk shall execute, <br />attest, seal and deliver in the name and on behalf of the City a <br />Loan Agreement in substantially the form submitted to this Common <br />Council, which is hereby approved in all respects. <br />Section 7. Acceptance of Note. In connection with the <br />Series 1983 Bonds, the City accepts as security for such Series <br />1983 Bonds the Promissory Note of the Company. Said Note shall <br />be in substantially the form attached to the Loan Agreement and <br />shall contain the provisions set forth in subsection (a) of Section <br />4.2 of the Loan Agreement. The Mayor is hereby authorized to <br />endorse and assign the Note to the Trustee as security for the <br />Bonds. <br />Section 8. Bond Purchase Agreement. In order to <br />provide for the commitment of the City to sell the Bonds to <br />the Underwriter, the Mayor shall execute and deliver in the name <br />