Ord 2002-054 - Laserfiche WebLink

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expressly provided, however, that the presence or absence of CUSIP numbers on the Bonds shall be of no significance or effect as regards the legality thereof and neither the City nor the attorneys approving said Bonds as to legality are to be held responsible for CUSIP numbers incorrectly printed on the Bonds. Section 6.04. Legal Opinion. The approving legal opinion of Fisher & Newsom, P.C., Bond Counsel, may be printed on the back of each Bond or, in the case of the definitive Bonds delivered to DTC, attached to each definitive Bond, over the certification of the City Clerk, which may be executed in facsimile. Section 6.05. Municipal Bond Insurance. Municipal bond insurance having been obtained from Financial Security Assurance Inc. with respect to the Bonds, the Bonds, including the Initial Bond, may bear an appropriate legend, as provided by the Insurer. ARTICLE VII SALE OF THE BONDS; CONTROL AND DELIVERY OF THE BONDS; DEPOSIT OF PROCEEDS Section 7.01. Sale of Bonds. Official Statement. (a) The Bonds are hereby officially sold and awarded to RBC Dain Rauscher, Morgan Keegan & Co., Inc., and Estrada Hinojosa & Co., Inc., in accordance with the terms and provisions of that certain Purchase Contract relating to the Bonds between the City and the Purchaser and dated the date of the passage of this Ordinance. The form and content of such Purchase Contract are hereby approved, and the Mayor of the City is hereby authorized and directed to execute and deliver such Purchase Contract. It is hereby officially found, determined and declared that the terms of this sale are the most advantageous reasonably obtainable. The Bonds shall initially be registered in the name of RBC Dain Rauscher or its designee. (b) The form and substance of the Official Statement for the Bonds and any addenda, supplement or amendment thereto (the "Official Statement") presented to and considered at this meeting, is hereby in all respects approved and adopted, and the Preliminary Official Statement is hereby confirmed as deemed final as of its date (except for the omission of pricing and related information) within the meaning and for the purposes of paragraph (b)(1) of Rule 15c2-12 under the Securities Exchange Act of 1934, as amended, by the City Council. The Mayor and City Clerk of the City are hereby authorized and directed to execute the same and deliver appropriate numbers of executed copies thereof to the Purchaser of the Bonds. The Official Statement as thus approved, executed and delivered, with such appropriate variations as shall be approved by the Mayor of the City and the Purchaser of the Bonds, may be used by the Purchaser in the public offering and sale thereof. The use and distribution of the Official Statement in the public offering of the Bonds by the Purchaser is hereby ratified, approved and confirmed. The City Clerk of the City is hereby authorized and directed to include and maintain a copy of the Official Statement and any addenda, supplement or amendment thereto thus approved among the permanent records of this meeting. The use and distribution of the Preliminary Official Statement for the Bonds and the preliminary public offering ofthe Bonds by the Purchaser is hereby ratified, approved and confirmed. R.\Sall MarcoslEUS Rfdg02\Docs\Ordinance\Fmal.wpd 22