Orange County NC Website
Browse       Search
7 <br /> to deliver the Bonds to the purchaser upon payment for the Bonds, and to take all <br /> other proper steps to complete the issuance of the Bonds. <br /> The Board authorizes the Finance Officer to hold the executed Bonds, and any <br /> other documents permitted by this resolution, in escrow on the County's behalf until <br /> the conditions for the delivery of the Bonds and other documents have been <br /> completed to the Finance Officer's satisfaction. The Finance Officer may then release <br /> the executed Bonds and other documents for delivery to the appropriate persons or <br /> organizations. <br /> Without limiting the generality of the foregoing, the Board specifically <br /> authorizes the Finance Officer to approve changes to any documents previously <br /> signed by County officers or employees, provided that the Bonds must be in <br /> substantially the form approved by this resolution and that any changes must not <br /> substantially alter the intent of the document from that expressed in the form <br /> originally executed. The Finance Officer's authorization of the release of any such <br /> document for delivery will constitute conclusive evidence of that officer's approval <br /> of any changes. <br /> In addition, the Board authorizes the Finance Officer to take all appropriate <br /> steps for the efficient and convenient carrying out of the County's on-going <br /> responsibilities with respect to the Bonds. This authorization includes, without <br /> limitation, contracting with third parties for reports and calculations that may be <br /> required under the Bonds, this resolution, or otherwise with respect to the Bonds. <br /> 12. Undertaking for Continuing Disclosure -- The County undertakes, for <br /> the benefit of the beneficial owners of the Bonds, to provide continuing disclosure <br /> with respect to the Bonds as described in Exhibit B. <br /> The Board designates the Finance Officer as the County officer to be primarily <br /> responsible for the County's compliance with its undertakings for continuing <br /> disclosure provided for in this resolution. The Finance Officer will provide for the <br /> filings and reports (including the reports of material events) constituting the <br /> continuing disclosure provided for in this resolution. <br /> 5 <br />