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other moneys lawfully available and pled ed to the a <br />9 p yment of <br />such bands and the interest thereon, and for the invest <br />ment <br />and reinvestment of moneys or obligations in such s ecia <br />p 1 <br />funds ; and to covenant cai th, and for the benefit of the <br />holders from time to time of such bonds as the Board ma <br />y <br />determine. <br />g. The Board shall, by resolution, determine the <br />amount ar amounts required for the purposes for which the <br />moneys is borrowed at any particular time or times and <br />shall <br />also determine that any and all acts, conditions and thin s <br />9 <br />required to exist, to happen and be performed precedent to <br />and in the issuance of such bonds exist, have ha erred and <br />pp <br />have been performed in due time, farm and manner as re aired <br />q <br />by the constitution and statutes of the State of c]re on and <br />9 <br />the Charter of the City of Eugene. <br />h. The bonds or other evidence of indebtedness <br />shall not be sold until the following actions have taken <br />place: <br />~1} Legal opinions have been rendered by bond <br />counsel, and special counsel if special counsel is <br />employed, for the Eugene water & Electric Board that the <br />bonds are duly and legally authorized and do not const i- <br />tute general obligations of the City of Eugene and <br />qualify for tax-exempt status. <br />~2~ A legal opinion has been rendered by <br />general counsel for the Bonneville Power Administration <br />Ordinance - 6 <br />