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<br />. <br /> <br />section 2. <br /> <br />. <br /> <br />section 3. <br /> <br />Section 4. <br /> <br />section 5. <br /> <br />. <br /> <br />for Federal income tax purposes, subject to the <br />limitations and requirements of the Code, including <br />the filing by such political subdivision of a <br />statement providing information required by the Code <br />on IRC Form No. 8038 (the "Information Statement"). <br /> <br />In consequence of the foregoing, the City hereby <br />determines (i) to issue and sell the Series 1991 <br />Bonds to the initial purchaser of the Series 1991 <br />Bonds secured by the Placement Agent in accordance <br />with the terms and conditions as set forth in the <br />Indenture (ii) to apply all of the Series 1991 Bond <br />proceeds to pay costs of the Project as provided in <br />the Loan Agreement and the Indenture; (iii) to <br />execute and deliver the Loan Agreement and the <br />Indenture; (iv) to secure the Series 1991 Bonds by <br />pledging and assigning to the Trustee certain of the <br />City's rights and remedies under the Loan Agreement <br />and certain moneys due and to become due thereunder <br />pursuant to the Indenture; (v) to execute an <br />Arbitrage certificate in connection with the <br />issuance of the Series 1991 Bonds; (vi) to file the <br />Information Statement in connection with the <br />issuance of the Series 1991 Bonds and (vii) to take <br />such other actions as are necessary or appropriate <br />to consummate the transactions contemplated by the <br />documents and instruments approved hereby. <br /> <br /> <br />The form and substance of the Series 1991 Bonds (in <br />substantially the form contained in the form of <br />Indenture presented to this meeting) is hereby <br />approved. <br /> <br />The form and substance of the following documents <br />(in substantially the forms presented to this <br />meeting of the Council) are hereby approved: the <br />Indenture, the Loan Agreement and the Letter of <br />Credit. <br /> <br />The Mayor and the City Administrator of the City are <br />hereby authorized, on behalf of the City, to execute <br />and deliver the Series 1991 Bonds, the Indenture and <br />the Loan Agreement (collectively, the "Financing <br />Documents"), and the City Administrator of the City <br />is hereby authorized to affix the seal of the City <br />and to attest the same, all in substantially the <br />forms thereof presented to this meeting with such <br />changes, variations, omissions and insertions as the <br />Mayor and the City Administrator shall approve (such <br />execution, delivery, affixation of the seal and <br />attestation thereof with respect to the Series 1991 <br />Bonds, however, notwi thstanding the foregoing, to <br /> <br />7 <br />