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<br /> Full Feith end Credit. The full faith and credit of e <br /> Section 3. <br /> the City of Eugene. Oregon are hereby irrevocably ~ledged to the punctuel <br /> payment of principal of and interes~ on the Notes. <br /> Section 4. Note Insurance. The City Manager may purchase insurance <br /> for the Notes from the Municipal Bond Insurence Association or irom the <br /> American Mutual Bond Assurance Corporation if the City Manager determines <br /> that such a purchase will be advantageous for the City. <br /> Sacti on 5. Purchase Contract. The City hereby accepts the offer <br /> of First Interstate Bank of Oregon. N.A.. as contained in the letter dated <br /> May 22, 1985. from ThollldS F. Mitchell. Vice President. a copy of which <br /> is attached as Exhibit A hereto and incorporated herein by reference. <br /> including all the terms and provisions thereof. <br /> Section 6. TelllDorarv Note. The Notes herein authorized may be issued <br /> as one or more temporary Notes, which may be typewritten. Temporary Notes <br /> ahall be exchangeable for definitive Notes when definitive Notes are avail- <br /> able. <br /> Section 7. Execution Form and Denominations of Notes. The Notes <br /> shall be executed on behalf of the City with the manual signature of the <br /> ...,. ~ ~ The Notes shall be in the customary form and in convenient <br /> ,~~... y danager. <br /> denomin3tions. -- <br /> Section 8. <br /> Miscellaneous. The City Manager is hereby authorized <br /> to enter into any agreement. and to execute any aocumen~s or certific~tes <br /> which may be required to issue. sell and deliver the Notes in accordance <br /> with this Resolution. <br /> Dated this day of June~ 1985. <br /> City Recorder <br /> e <br />