Ord 1995-047 - Laserfiche WebLink

Home Browse Search

3:?/l P ARTICLE VII SALE OF THE BONDS; CONTROL AND DELIVERY OF THE BONDS Section 7.01. Sale of Bonds: Official Statement. (a) The Bonds are hereby officially sold and awarded to Masterson Moreland Sauer Whisman, Inc., and Nationsbanc Capital Markets, Inc., in accordance with the terms and provisions of that certain Purchase Contract relating to the Bonds between the District and the Purchaser and dated the date of the passage of this Order. The form and content of such Bond Purchase Agreement are hereby approved, and the President of the Board 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 Masterson Moreland Sauer Whisman, Inc., 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 Official Statement is hereby deemed final as of its date (except for the omission of pricing and related information) "vithin the meaning and for the purposes of paragraph (b)(l) of Rule 15c2-12 under the Securities Exchange Act of 1934, as amended, by the Board. The Mayor and City Secretary 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 Secretary 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 Official Statement for the Bonds and the preliminary public offering of the Bonds by the Purchasers is hereby ratified, approved and confirmed. . (c) All officers of the City are authorized to take such actions and to execute such documents, certificates and receipts as they may deem necessary and appropriate in order to consummate the delivery of the Bonds. (d) In the event municipal bond guaranty insurance is obtained for the Bonds. pursuant to the terms of sale of the Bonds as set forth in the winning bid, all officers of the City are authorized to do any and all things to execute and deliver any and all documents, certificates or other instruments necessary or required for the issuance of a municipal bond insurance policy relating to the Bonds. To the extent permitted by applicable law, the City will comply with all notice and other applicable requirements of the insurer issuing the municipal bond insurance policy in connection "'lith the !l;.13Al'o'MAR.\WWs:liRl,j\DOcs\oRDSCE.'JZ7" l,F 25