1993-07-15 Resolution 79 - Laserfiche WebLink

Home Browse Search

accrued interest to the date of delivery of"the Bonds in accordance with the Purchase Agreement. The President or Vice-President of the Authorit are hereby authorized to execute and deliver the Y ' Purchase Agreement substantially in the form attached hereto as Appendix A (the "Purchase Agreement"), together with such changes ' and modifications as may be approved by the President or Vice- President (with execution by the President or Vice-President to be ' conclusive evidence of such approval). The President or Vice- ~ President are further authorized to carry out, on behalf of the Authority, the terms and conditions set forth in the Purchase ' Agreement, consistent with the provisions of this Resolution. Section 10. Prior to the delivery of the Bonds the Secretary shall be authorized to obtain a legal opinion as to the validity of the Bonds from bond counsel for the Authority, and to furnish such opinion to the purchaser or purchasers of the Bonds. ' The cost of such opinion shall be considered as part of the costs incidental to the issuance of the Bonds and shall be paid out of ' proceeds of said Bonds. Section 11. If the President or the Secretary-Treasurer determine that market conditions at the time of the sale of the ' Bonds are such that the Authority is able to finance the refunding of the Refunded Bonds and acquisition of the additional property by issuing Bonds in an aggregate principal amount which is less than $5,000,000.00, then the Authority shall issue such lesser principal amount of Bonds. C-7