Res 1991-018 - Laserfiche WebLink

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a. Advertised Sale: We will supervise the sale of the Debt instruments at a public sale in accordance with procedures set out herein. We reserve the right, alone or in conjunction with others, to submit a bid for any Debt Instruments issued under this Agreement which the Issuer advertses for competitive bids. In compliance with Rule G.23 of the Municipal Securities Rulemaking Board, we will request consent to bid in writing, in any instance wherein we elect to bid, prior to submitting a bid for each installment of Debt Instruments. b. Negotiated Sale: We will recommend one or: more investment banking firms as managers of an underwriting syndicate for the purpose of negotiating the purchase of the Debt Instalments and in no event will we: partcipate either directly or indirectly in the underwriting of the Debt Instvaments. We will collaborate with any managing underwriter selected and Counsel to the underwriters in the preparation of the Official Statement or Offering Memorandum. We ~1 cooperate with the underwriters in obtaining any Blue Sky Memorandum and Legal Investment Survey, preparing Bond Purchase Contract, Underwriters Agreement and any other related documents, The costs thereof, including the printing of the documents, will be paid by the underwriters. c. Private Placement: Upon authorization by the Issuer and acting in its behalf, we will place privately the Debt Instrurnents directly with institutional investors for a placement fee of $7.50 per $1,000 par value of Debt Instruments issued and placed, which fee will be in addition to the fee set forth in Appends A attached hereto. We will prepare and provide the prospective purchasers a Limited Offering Memorandum and other related documents. 6. When appropriate, we will advise financial publications of the forthcoming sale of the Debt Instruments and provide them with all pertnent information. 7. We will cooMinate the preparation of the Notice of Sale and Bidding Instructions, Official Statement, Official Bid Form and such other documents as may be required. We will submit to the Issuer all such documents for examination, approval and certfication. After such examination, approval and certification, we will provide the Issuer with a supply of all such documents sufficient to its needs and will distribute b/marl sets of the same to prospective bidders and to banks, life, fire and casualty insurance companies, investment counselors and other prospective purchasers of the Debt Instruments. We will also provide sufficient copies of the final Official Statement to the purchaser of the Debt Instruments in -3-