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<br />. <br /> <br />. <br /> <br />. <br /> <br />All such certified copies, certificates, and affidavits, <br />including any heretofore furnished, shall be deemed <br />representations of the Issuer as to the correctness of all <br />statements contained therein. <br /> <br />5.04. Arbitraqe. <br /> <br />(a) The Issuer covenants and agrees with the holders <br />from time to time of the Bonds herein authorized <br />that it will not take, or permit to be taken, by <br />any of its officers, employees, or agents, any <br />action which would cause the interest payable on <br />the Bonds to become subject to taxation under <br />the Code; and that it will take, or will cause <br />its officers, employees, or agents to take, all <br />affirmative actions within its powers which may <br />be necessary to insure that such interest will <br />not become subject to taxation under the code. <br />The Code as used herein includes the Code and <br />all regulations adopted thereunder. The city <br />will make paYments to the United states, if any, <br />which are required to be made by the provision <br />of paragraph (f) of section 148 of the Code. <br /> <br />(b) The Mayor and the City Administrator, being <br />officers of the City charged with the <br />responsibility for issuing the Bonds pursuant to <br />this Resolution, are authorized and directed to <br />execute and deliver to the Purchaser a <br />certification in order to satisfy the provisions <br />of Section 148 of the Code. <br /> <br />The motion for the adoption of the foregoing resolution was <br /> <br />duly seconded by Member <br /> <br />Holmgren <br /> <br />and upon vote being <br /> <br />taken thereon, the following voted in favor thereof: All members <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />whereupon said resolution was declared duly passed and adopted. <br /> <br />SBS:BZl <br /> <br />15. <br />