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Section 5. Loan Agreement. In order to provide for the <br />loan of the proceeds of the Series 1982 Bonds to acquire and <br />construct the Project and the payment by the Company of an amount <br />sufficient to pay the principal of and premium, if any, and <br />interest on the Series 1982 Bonds, the Mayor and the City Clerk <br />shall execute, acknowledge and deliver, in the name and on behalf <br />of the City, a Loan Agreement in substantially the form submitted <br />to this Common Council, which is hereby approved in all respects. <br />Section 6. General. The Mayor and the City Clerk be and <br />they are each hereby authorized and directed, in the name and on <br />behalf of the City, to execute any and all instruments, perform <br />any and all acts, approve any and all matters, and do any and all <br />things deemed by them, or any of them, to be necessary or desirable <br />in order to carry out the purposes of this Bond Ordinance (includ- <br />ing the preambles hereto), the acquisition and construction of the <br />Project by the Company, the issurance and sale of the Series 1982 <br />Bonds, and the securing of the Series 1982 Bonds under the <br />Indenture. The Mayor and City Clerk are hereby authorized to <br />approve changes and amendments to the Bond, Loan Agreement, <br />Indenture, Bond Purchase Agreement and other related documents if <br />such changes and amendments do not affect terms contained in this <br />Bond Ordinance pursuant to Sections 25 and 27 of the Act. <br />Section 7. Effective Date. Th Bond Ordinance shall be <br />in full force and effect immediately on its adoption byt he <br />Common Council and approval by the Mayo r. <br />r <br />Counci <br />