RES 02-05 - Laserfiche WebLink

Home Browse Search

(collectively,together with the full provisions of the Lease and the Indenture, the "Bond Documents"), in substantially the forms on file with the Secretary. All Bond Documents are authorized to be executed and delivered by the Authority and shall include (1) all other documentation which may be necessary for the Authority to execute in connection with the issuance of the Bonds and (2) any cross easement or similar agreements respecting the split of the current City Hall parcel occasioned by the issuance of the Bonds and of certain separately secured Series 2002A Bonds (being issued to assist in financing the City's public safety facility). All of the provisions of the Bond Documents, when executed and delivered as authorized herein, shall be deemed to be part of this resolution as fully and to the same extent as if incorporated herein and shall be in full force and effect according to the terms thereof from the date of execution and delivery thereof. The Authority hereby ratifies and approves the prior execution of the Lease and the Indenture and all other documents executed in connection with the issuance of the Series 1991 Bonds and the Series 1997 Bonds. 6. Binding Obligations;No Personal Liability. All covenants, stipulations, obligations and agreements of the Authority contained in this resolution and in the Bond Documents shall be deemed to be the covenants, stipulations, obligations and agreements of the Authority to the full extent authorized or permitted by law, and all such covenants, stipulations, obligations and agreements shall be binding upon the Authority. No covenant, stipulation, obligation or agreement herein contained or contained in the Bond Documents shall be deemed to be a covenant, stipulation, obligation or agreement of any Commissioner, or any officer, agent or employee of the Authority in that person's individual • capacity, and neither the Commissioners of the Authority nor any officer executing the Bonds shall be liable personally on the Bonds or be subject to any personal liability or accountability by reason of the issuance thereof. 7. Performance. The officers, attorneys and other agents or employees of the Authority are hereby authorized to do all acts and things required of them by or in connection with this resolution and the Bond Documents for the full,punctual and complete performance of all the terms, covenants and agreements contained in the Bonds, the Bond Documents and this resolution. 8. Furnishing of Certificates and Proceedings. The President and the Secretary and other officers of the Authority are authorized to prepare and furnish to the Purchaser and to bond counsel for the Bonds certified copies of all proceedings and records of the Authority relating to the Bonds, and such other affidavits and certificates as may be required to show the facts relating to the Bonds as such facts appear from the books and records in the officers'custody and control or as otherwise known to them; and all such certified copies, certificates and affidavits, including any heretofore furnished, shall constitute representations of the Authority as to the truth of all statements contained therein. 9. Negative Covenant as to Use of Project. The Authority hereby covenants not to use the Original Project or the Project, or to cause or permit the same to be used, or to enter into any deferred payment arrangements for the cost of the Project, in such a manner as (or to take any action or permit any other circumstance to exist or any action to be taken, the effect to which would be)to cause the Bonds to be "private activity bonds"within the meaning of Sections 103 1431832v1 3