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(d) Establish the form, final principal amounts, maturity schedules, interest rates, sale <br />prices and discount, prepayment terms, payment terms and dates, and other terms <br />of each series of Bonds. <br /> <br />(e) Execute and deliver a bond declaration for each series of Bonds. The bond <br />declaration for each series shall specify the terms under which the series is issued, <br />and may contain covenants for the benefit of Bondowners and any providers of <br />credit enhancement for the Bonds. <br /> <br />(f) Publish a notice of sale, receive bids and award the sale of each series to the bidder <br />complying with the notice and offering the most favorable terms to the City, or <br />select one or more underwriters, commercial banks or other investors and <br />negotiate the sale of any series with those underwriters, commercial banks or <br />investors. <br /> <br />(g) Undertake to provide continuing disclosure for each series of Bonds in accordance <br />with Rule 15c2-12 of the United States Securities and Exchange Commission. <br /> <br />(h) Apply for ratings for each series of Bonds, determine whether to purchase <br />municipal bond insurance or obtain other forms of credit enhancements for each <br />series of Bonds, enter into agreements with the providers of credit enhancement, <br />and execute and deliver related documents. <br /> <br />(i) Appoint paying agents for the Bonds and negotiate the terms of and execute an <br />agreement with such paying agent. <br /> <br />(j) Determine whether each series of Bonds will bear interest that is excludable from <br />gross income under the Internal Revenue Code of 1986, as amended, or is <br />includable in gross income under that code. If a series bears interest that is <br />excludable from gross income under that code, the City Official may enter into <br />covenants to maintain the excludability of interest on that series of the Bonds from <br />gross income. <br /> <br />(k) Execute and deliver each series of Bonds to their purchaser. <br /> <br />(l) Call for redemption, pay, defease and redeem the Refundable Bonds and enter into <br />related agreements. <br /> <br />(m) Execute and deliver any agreements or certificates and take any other action in <br />connection with each series of Bonds which the City Official finds is desirable to <br />permit the sale and issuance of that series of Bonds in accordance with this <br />Resolution. <br /> <br /> Section 3. <br />Security for Bonds.The Bonds shall be general obligations of the City. The <br />City hereby pledges its full faith and credit to pay the Bonds, and the City covenants for the <br />benefit of the Bondowners that the City shall levy annually, as provided by law, in addition to its <br />other ad valorem property taxes and outside the limitations of Sections 11 and 11b of Article IX <br />Resolution - Page 2 of 3 <br />