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R-1985-21
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R-1985-21
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Last modified
11/2/2016 3:48:33 PM
Creation date
7/28/2006 8:26:44 AM
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Legislative Records
Legislative Type
Resolution
Legislative No.
R-1985-21
Date
11/26/1985
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<br />e <br /> <br />e <br /> <br />H.B. 690; (ii) the purchase price for the Bonds; (iv) evidence, satis- <br />factory to Bond Counsel, of AER approval of each of the City (following <br />a public hearing held by the City in accordance with Section 103(k) of <br />the Code) and the District of the Project and the Bonds and assignment <br />of the Allocation by the District to the Issuer; and (iv) such opinions, <br />evidences, certificates, instruments or other documents as shall be <br />requested by the Issuer's Counselor by Bond Counsel, to evidence due <br />performance or satisfaction by the Company at or prior to such time of <br />all agreements then to be performed and all conditions then to be <br />satisfied by it. <br /> <br />8. The officers, employees and agents of the Issuer, and each of <br />them, shall be and each is expressly authorized, empowered and directed <br />from time to time and at any time to do and perform all acts and things <br />and to execute, acknowledge and deliver in the name and under the <br />corporate seal and on behalf of the Issuer all certificates, financing <br />statements, instruments and other papers, whether or not herein men- <br />tioned, as they may determine to be necessary or desirable in order to <br />carry out the terms and provisions of this resolution and of the Bonds <br />to be issued hereunder, as well as the terms and provisions of the <br />Indenture, the Loan Agreement and the Underwriting Agreement hereby <br />authorized and approved, such determination to be conclusively evidenced <br />by the performance of such acts and things and the execution of any such <br />certificate, financing statement, instrument or other paper. <br /> <br />9. The officers of the Issuer (with the assistance of the Com- <br />pany) shall prepare a final transcript of the proceedings relating to <br />the authorization, issuance, sale and delivery of the Bonds, which tran- <br />script shall be submitted to the Commission within 60 days after the <br />Issue Date. <br /> <br />10. The Issuer directs that a certified copy of this resolution, <br />together with copies of the Trust Indenture and the Loan Agreement which <br />set forth the exact principal amount, interest rate (or formula designed <br />to set the interest rate), maturity schedule and purchaser(s) of the <br />Bonds, be filed with the Commission no more than 15 calendar days after <br />the date of the Reservation Date. The Issuer further directs that the <br />Bonds be issued and delivered no more than 45 calendar days after such <br />filing, except as otherwise permitted by Section (3) of H.B. 690. The <br />Issuer shall, within 5 calendar days after the date of delivery of the <br />Bonds, file with the Commission a written notification setting forth the <br />delivery date of the Bonds and the actual aggregate principal amount of <br />the Bonds so delivered. <br /> <br />11. The Board hereby directs that an officer of the Issuer submit <br />to the Secretary of the Treasury, not later than the 15th day of the <br />second calendar month after the close of the calendar quarter in which <br /> <br />B-6 <br />
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