Ordinance No. 19627 - Laserfiche WebLink

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the 1989 Refunding Certificates. The Finance Director may provide for the printing of, in addition to the original issue of 1989 Refunding Certificates, additional certificates to be printed in~ blank form as to registration for the Certificate Registrar to deliver to the registered owner upon transfer or exchange of 1989 Refunding Certificates. The additional certificates shall be dated as of August 1, 1989, except in the case of Capital Appreciation Certificates which shall be dated as of the date of delivery to the initial purchaser, and shall be signed by the facsimile signature of an authorized representative of the Trustee, and the Certificates Registrar shall manually sign the Certificate of Authentication as of the date of the transfer of the 1989 Refunding Certificates. Section 21. Arbitrage. The proceeds of the Advance Refunding Certificates shall be used and invested in such manner that the 1989 Refunding Certificates shall not become "arbitrage bonds" within the meaning of Section 148 of the Internal Revenue Code of 1986, as amended, and the regulations issued thereunder. Section 22. Bond Counsel. Doherty, MacColl & Mersereau of appointed Bond Counsel for the Certificates. Messrs . Rankin, VavRosky, Portland, Oregon are hereby issuance of the 1989 Refunding Section 23. Financial Advisor. Public Financial Management, Inc. is hereby designated Financial Advisor to the City. Section 24. Preliminary official Statement. The City shall assist in the preparation of a Preliminary Official Statement for the 1989 Refunding Certificates which shall be available for distribution to prospective purchasers of the 1989 Refunding Certificates. When advised by staff that the final official Statement does not contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements contained in the official statement not misleading in the light of the circumstances under which they are made, then the Finance Director is authorized to certify the accuracy of the official Statement on behalf of the City, Section 25. Execution of Closing Documents. The Finance Director is authorized to execute the Certificate as to Arbitrage and any and all additional documents which may be reasonably required to issue, sell and deliver the 1989 Refunding Certificates. Section 26. Emergency. In order that necessary procedures may be carried through in an orderly manner prior to the issuance of the 1989 Refunding Certificates herein authorized so that the 1989 Refunding Certificates may be issued promptly in order to secure the maximum anticipated debt service savings, an emergency ORDINANCE - Page 9.