Agenda - 02-04-1980 - Laserfiche WebLink

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c the Bond for and on behalf of the Authority in substantially such form with such changes therein, additions thereto, and omissions therefrom as those executing the 3ond shall approve, their execution and delivery thereof constituting tl�e conclusive approval of the Authority of any changes therein, additions thereto, and omissions therefrom. Section 7. The Bond shall be issued pI_Irsu2M t to the Bond Purchase Agreement, dated as of January 1, 1960 (the "Bond Purchase Agreement") , between the Authority a3id the Company, in the form of that which has been presented to the Board at this meeting, the terms and conditions on which the Purchaser has agreed to puxchase the Band, as sat forth therein, are hereby approved and accepted and the Authority hereby confirms its agreement to sell the Bond to the Purchaser at the purchase price,of $2,000,000 and otherwise upon the terms and conditions set forth in the Bond Purchase Agreement, and the Chairman or the Vice Chairman and the Secretary or any Assistant Secretary of the Authority are hereby author- ized to execute and deliver the Bond Purchase Agreement, in any number of signed counterparts, for and on behalf of the Authority in substantially such form with such charges therein, additions thereto, and omissions therefrom as those executing the Bond Purchase Agreement shall approve, their execution and delivery thereof constituting the conclusive approval of the Authority of any changes therein or additions thereto or omissions therefrom, and the same are hereby further author- ized to deliver the Bond to the Purchaser upon evidence sat- isfactory to counsel for the Authority of payment therefor. Section 6. The Authority hereby determines to elect to have the Bond qualify for the exemption under the provi:oions of paragraph (A) of subsection 1013(b) (6) of the Internal Revenue Code of 1954. as amended, afforded by subparagraph (>D) thereof, and authorizes the Chairman or the Vice Chair-man of the Authority to make such election on behalf of the Authority by suhmitting a statement to such effect. Section 9. The officers of the Authority are hereby authorized and directed to execute and deliver such certificates and statements as may be required by the Bond Purchase Agree- ment, the Loan Agreement, the Assignment, the Deed of Trust and the Security Agreement and or as otherwise required in connection with the issuance of the Bond. Such officers are further authorized and directed to sign and cause to be tiled such financing statements and to cause to be recorded such instruments as counsel to the Authority shall deem neonnsary or advisable in connection with the issuance of the Bond. Such officers shall be entitled to rely on the advice of counsel to the Authority in deciding to take or not to take any action in connection with the issuance of the Bond. 4 M s �f ;a. a