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the senior managing underwriter of the syndicate to which the Bonds are awarded as its agent <br />for purposes of distributing copies of the Final Official Statement to each Participating <br />Underwriter. Any underwriter delivering a proposal with respect to the Bonds agrees thereby <br />that if its proposal is accepted by the City (i) it shall accept such designation and (ii) it shall <br />enter into a contractual relationship with all Participating Underwriters of the Bonds for purposes <br />of assuring the receipt by each such Participating Underwriter of the Final Official Statement. <br /> <br />Dated June 30, 1997 <br /> <br />BY ORDER Of THE CITY COUNCIL <br /> <br />Is~ Sandra Thackeray <br /> Clerk <br /> <br />- iv - <br /> <br /> <br />