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ERMU RES 21-12
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ERMU RES 21-12
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5/14/2021 2:26:45 PM
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5/14/2021 2:25:11 PM
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City Government
type
ERMUR
date
5/11/2021
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are available for such purpose, and such general fund may be reimbursed with or without interest <br /> from the Debt Service Fund when a sufficient balance is available therein. <br /> Section 5. Authentication of Transcript; Execution of Related Documents. <br /> 5.01. Commission Proceedings and Records. The officers of the Commission are <br /> authorized and directed to prepare and furnish to the Purchaser and to the attorneys approving <br /> the Bonds, certified copies of proceedings and records of the Commission relating to the Bonds <br /> and to the financial condition and affairs of the Commission, and such other certificates, <br /> affidavits and transcripts as may be required to show the facts within their knowledge or as <br /> shown by the books and records in their custody and under their control, relating to the validity <br /> and marketability of the Bonds and such instruments, including any heretofore furnished, may be <br /> deemed representations of the Commission as to the facts stated therein. <br /> 5.02. Certification as to Official Statement. The President, Secretary and Finance <br /> Manager, or any of them, are hereby authorized and directed to certify that they have examined <br /> the Official Statement, prepared and circulated in connection with the issuance and sale of the <br /> Bonds and that to the best of their knowledge and belief the Official Statement is, as of the date <br /> thereof, a complete and accurate representation of the facts and representations made therein as <br /> of the date of the Official Statement, as it relates to the City, the Commission and the Bonds. <br /> 5.03. Other Certificates. The President, Secretary and Finance Manager or any of them, <br /> are hereby authorized and directed to furnish to the Purchaser at the closing such certificates as <br /> are required as a condition of sale. Unless litigation shall have been commenced and be pending <br /> questioning the Bonds or the organization of the City or incumbency of its officers, at the closing <br /> the President, Secretary and Finance Manager, on behalf of the Commission, and the Mayor and <br /> City Clerk, on behalf of the City, shall also execute and deliver to the Purchaser a suitable <br /> certificate as to absence of material litigation, and the Finance Manager shall also execute and <br /> deliver a certificate as to payment for and delivery of the Bonds. <br /> 5.04 Electronic Signatures. The electronic signature of the President, Secretary and <br /> Finance Manager, on behalf of the Commission, and the Mayor and City Clerk, on behalf of the <br /> City,to this resolution and to any certificate authorized to be executed hereunder shall be as valid as <br /> an original signature of such party and shall be effective to bind the Commission and the City, as <br /> applicable, thereto. For purposes hereof, (i) "electronic signature" means (a) a manually signed <br /> original signature that is then transmitted by electronic means or (b) a signature obtained through <br /> DocuSign or Adobe or a similarly digitally auditable signature gathering process; and (ii) <br /> "transmitted by electronic means" means sent in the form of a facsimile or sent via the internet as a <br /> portable document format ("pdf') or other replicating image attached to an electronic mail or <br /> internet message. <br /> Section 6. Tax Covenants. <br /> 6.01 Tax-Exempt Bonds. The Commission and the City covenant and agree with the <br /> holders from time to time of the Bonds that it will not take or permit to be taken by any of its <br /> officers, employees, or agents any action which would cause the interest on the Bonds to become <br /> EL185-69-713323 v2 10 <br />
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