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<br />5.5. Prepare and circulate any disclosure documents that are desirable to <br />facilitate the sale of Interim Financings or Bonds; <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 />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 />5.8. Execute and deliver Interim Financings and Bonds and pay or prepay <br />Interim Financings and Bonds; and <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 />Section 6. Termination of Authority Granted by Resolution No. 4807. <br /> 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 />Section 7. Effective Date. <br />This Resolution shall take effect on the date of its adoption. <br />The foregoing Resolution adopted this __ day of ___________, 2008. <br /> <br /> <br />City Recorder <br /> <br />3 <br />Resolution - <br />F:\CMO\2008 Council Agendas\M080414\S0804143E-attA.doc <br />