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Resolution No. 4937
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2008 No. 4923-4959
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Resolution No. 4937
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Last modified
6/10/2010 4:50:34 PM
Creation date
4/15/2008 2:09:58 PM
Metadata
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Template:
City Recorder
CMO_Document_Type
Resolutions
Document_Date
4/14/2008
Document_Number
4937
CMO_Effective_Date
4/14/2008
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<br />5.6. Provide that Interim Financings or Bonds shall bear interest which is <br />includable in gross income under the United States Internal Revenue Code; <br /> <br />5.7. Provide that Interim Financings or Bonds shall bear interest which is <br />excludable from gross income under the United States Internal Revenue Code, and enter <br />into covenants to protect that excludability; <br /> <br />5.8. Execute and deliver Interim Financings and Bonds and payor prepay <br />Interim Financings and Bonds; and <br /> <br />5.9. Execute any documents and take any actions which the City Official <br />reasonably determines are desirable to carry out this Resolution, or to obtain Interim <br />Financings and sell Bonds in accordance with this Resolution and the Act. <br /> <br />Section 6. Termination of Authoritv Granted bv Resolution No. 4807. The City shall <br />not issue any additional obligations under Resolution No. 4807 after the City obtains Interim <br />Financing under the authority of this Resolution. <br /> <br />Section 7. Effective Date. This Resolution shall take effect on the date of its adoption. <br /> <br />The foregoing Resolution adopted this 14th day of April, 2008. <br /> <br />_~fA~ <br /> <br />City Recorder <br /> <br />Resolution - 3 <br />
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