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Res 1997-016
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Res 1997-016
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Last modified
9/18/2007 5:48:46 PM
Creation date
4/30/2007 3:42:06 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
1997-16
Date
1/27/1997
Volume Book
127
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<br /> {;fG- <br /> agreement, - <br /> (v) a detailed estimate, with supporting documentation, of all liabilities <br /> accrued, but not discharged, by Utility as of the date of closing, <br /> (vi) the original of all debenture instruments issued by and s~rrendered to <br /> the Utility (subject to (vii) below), <br /> (vii) for any debentures issued by the Utility which have not been surrendered <br /> and provided to City or are otherwise lost or unaccounted for, an affidavit <br /> verifying that the debentures are lost or missing, and a lost security <br /> .- , <br /> indemnity bond or bonds payable to the Utility or City (the premium for <br /> which will be paid for by City) for the face value of said lost or <br /> unaccounted for instrument, <br /> . <br /> (viii) the affidavit of Utility's president reflecting any and all changes to Exhibit <br /> "E" occurring between December 31, 1996 and the date of closing, <br /> (ix) the written resignations of all of Utility's corporate officers, and <br />I (x) any and all other documents which, in the opinion of the City and in the <br /> ordinary and prudent conduct of its affairs, are necessary for the proper <br />I <br />I <br /> and diligent analysis of the assets and potential liabilities of the Utility. <br /> 6. ADDITIONAL COVENANTS AND AGREEMENTS. <br /> The following additional covenants and agreements shall be incorporated into this <br /> . <br /> agreement: <br /> a. Sellers and Utility agree to maintain in full force and effect, at Sellers' expense, <br /> all insurance policies presently in effect upon the property of Utility, insofar as <br /> -8- <br />
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