Res 1987-149 - Laserfiche WebLink

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j. We will make recommendations to the Issuer as to the advisability of obtaining a credit rating, or ratings, for the Debt Instruments and, when directed by the Issuer, we will coordinate the preparation of such information as, in our opinion, is required for submission to the rating agency, or agencies. In those cases where the advisability of personal presentation of information to the rating agency, or agencies, may be indicated, we will arrange for such personal presentations, which will include two representatives from the Issuer. k. We will assist the staff of the Issuer at any advertised sale of Debt Instruments in coordinating the receipt and tabulation and comparison of bids and we will advise the Issuer as to the best bid. We will provide the Issuer with our recommendation as to acceptance or rejection of such bid. 1. As soon as a bid for the Debt Instruments is accepted by the Issuer, we will proceed to coordinate the efforts of all concerned to the end that the Debt Instruments may be delivered and paid for as expeditiously as possible. We will assist the Issuer in the preparation or verification of final closing figures incident to the delivery of the Debt Instruments. m. We will maintain liaison with Bond Counsel in the preparation of all legal documents pertaining to the authorization, sale and issuance of the Debt Instruments. Bond Counsel will provide an unqualified legal opinion as to the legality of the issuance of the Debt Instruments at the time of delivery. n. If requested, we will counsel with the Issuer in the selection of a Paying Agent/Registrar for the Debt Instruments, and we will assist in the preparation of agreements pertinent to these services and the fees incident thereto. o. In the event formal verification by an independent auditor of any calculations incident to the Debt Instruments is required, we will make arrangements for such services. p. We agree to do, or cause to be done, all work incident to printing of the Debt Instruments, obtaining approval, as may be required by the A ttorney General, registration by the Comptroller of Public Accounts and delivery to the purchaser. q. After the closing of the sale and delivery of the Debt Instruments, we will deliver to the Issuer a schedule of annual debt service requirements on the Debt Instruments. In coordination with Bond Counsel, we will assure that the Paying Agent/Registrar has been provided with a copy of the authorizing ordinance, order or resolution. r. We will attend any and all meetings of the governing body of the Issuer, its staff, representatives or committees as requested at all times when we may be of assistance or service and -the subject of financing is to be discussed. s. We will advise the Issuer and its staff of changes, proposed or enacted, in Federal and State laws and regulations which would effect the municipal bond market. t. We will work with the Issuer, its staff and any consultants employed by the Issuer in developing financial feasibility studies and analyzing alternative financing plans. 4. In addition to the services set out above, we agree to provide the following services when so requested: a. We will provide our advice as to the investment of certain funds of the Issuer. We will, when so directed, purchase those investments authorized to be purchased and we will charge a normal and customary commission for each such transaction. b. We will provide our advice and assistance with regard to exercising any call and/or refunding of any outstanding Debt Instruments. - 3-