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Item 2D-Res.for Long-Term Finan
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Item 2D-Res.for Long-Term Finan
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6/9/2010 12:36:25 PM
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9/9/2004 9:55:07 AM
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9/13/2004
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5.5. Prepare and circulate any disclosure documents that are desirable to <br /> facilitate the sale of Interim Financings or Bonds; <br /> <br /> 5.6. Provide that Interim Financings or Bonds shall bear interest which is <br /> includable in gross income under the United States Internal Revenue Code; <br /> <br /> 5.7. Provide that Interim Financings or Bonds shall bear interest which is <br /> excludable from gross income under the United States Internal Revenue Code, and enter <br /> into covenants to protect that excludability; <br /> <br /> 5.8. Execute and deliver Interim Financings and Bonds and pay or prepay <br /> Interim Financings and Bonds; and <br /> <br /> 5.9. Execute any documents and take any actions which the City Official <br /> reasonably determines are desirable to carry out this Resolution, or to obtain Interim <br /> Financings and sell Bonds in accordance with this Resolution and the Act. <br /> <br /> Section 6. Termination of Authority Granted by Resolution No. 4602. The City shall <br /> not issue any additional obligations under Resolution No. 4602 after the City obtains Interim <br /> Financing under the authority of this Resolution. <br /> <br /> Section 7. Effective Date. This Resolution shall take effect on the date of its adoption. <br /> The foregoing Resolution adopted this __ day of September, 2004. <br /> <br /> City Recorder <br /> <br />Resolution - 3 L:SCMO52004 Council Agendas~M0409135S0409132D-attA.doc <br /> <br /> <br />
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