Orange County NC Website
i~ <br />the successful bidder on the Bonds for delivery to each potential investor <br />requesting a copy of the final Official Statement and to each person to whom such <br />bidder and members of the bidding group initially sell the Bonds. <br />13. Fi~aance Officer To Complete Bond Closing -After the sale of the <br />Bonds, the Finarrce Officer and all other County officers and employees are <br />authorized and directed to take all proper steps to have the Bonds prepared and <br />executed in accordance with their terms and to deliver the Bonds to the purchaser <br />upon payment for the Bonds. <br />The Finance Officer is authorized and directed to hold the executed Bonds, <br />and any other documents authorized or permitted by this resolution, in escrow on <br />the County's behalf until the conditions for the delivery of the Bonds and other <br />documents have been completed to the Finance Officer's satisfaction, and <br />thereupon to release the executed Bonds and other documents for delivery to the <br />appropriate persons or organizations. <br />Without limiting the generality of the foregoing, this authorization and <br />direction is specifically extended to authorize the Finance Officer (a) to enter into <br />such agreements or take such other actions as such officer may deem appropriate in <br />connection with obtaining bond insurance for the Bonds and (b) to approve <br />changes to any documents or closing certifications previously signed by County <br />officers or employees, provided that the Bonds will be in substantially the form <br />approved by this resolution and that any such cYranges will not substantially alter <br />the intent of such certificates from that expressed in the forms of such certificates <br />as executed by such officers or employees, The Finance Officer's authorization of <br />the release of any such document for delivery will carrstitute conclusive evidence <br />of such officer's approval of any such changes. <br />14. Undertaking for Continuing Disclosure -- The County undertakes, <br />for the benefit of the beneficial owners of the Bonds, to provide continuing <br />disclosure with respect to the Bonds as described in Exhibit B. <br />The Board designates the Finance Officer as the County officer to be <br />primarily responsible for the County's compliance with its undertakings for <br />continuing disclosure provided for in this resolution. The Finance Officer will <br />Orange 04 GO bond resolution BR <br />