Ordinance No. 19313 - Laserfiche WebLink

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~c} The balance of the Advance Refunding C~rtifieates proceeds shall be used first to pay administrative costs, expenses or fees incurred in the issuance of the Advance Refunding Certificates, and any remaining proceeds shall be deposited in the Principal Fund. Section 12. Transfer of Funds. The funds presently on deposit in the Debt Service Reserve Fund securing the 19H1 Certificates shall be transferred and deposited to the Escrow Deposit Fund. These transferred funds and any investment proceeds therefrom shall be applied for the purposes set forth in Section ll~b~. The funds presently on deposit in the principal fund, interest fund and construction fund relating to the Series 1981 Certificates shall be transferred to the corresponding fund relating to the Advance Refunding Certificates. Section 13. Purchase of Government obligations and Escrow Deposit Agreement. Moore, Breithaupt & Associates or the Trustee are authorized to purchase the Government obligations for the account of the Escrow Deposit Fund. Section 14. Approval of Documents. The City Council does hereby approve of the terms and provisions of the Refunding Trust Indentures the Amendment to the Lease-Purchase Agreement, the Amendment to the Intergovernmental Agreement, the Escrow Deposit Agreement, the Purchase Agreement and the Investment Instructions, all dated as of March 1, 1985 substantially in the form ,presented at this meeting. The City Manager is authorized to execute those documents on behalf of the City with those changes as are approved by the City Attorney. Section 15. Form of Advance Refunding Certificates. The Advance Refunding Certificates shall be issued substantially in the form set forth in Exhibit A" attached hereto and incorporated herein by this reference. Section 16 Printing of Advance Refunding Certificates. The City Manager is authorized to contract for the printing of the Advance Refunding Certificates. The City Manager may provide for the printing of, in addition to the original issue of 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 Advance Refunding Certificates. The additional certificates shall be dated as of March 1, 1955, except in the case of Advance Refunding Cetificates maturing on or after June 1, 2402 which shall be dated as of the date of delivery to the initial purchaser, 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 Advance Refunding Certificates. ORDINANCE - PAGE. 6.