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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />Section 2. Approval of Issuance of Bonds and Adminis- <br />tration Agreement. The issuance of the Bonds in a principal amount <br />of not to exceed $10,000,000 is hereby authorized pursuant to the <br />Act. The Bonds shall mature on the dates, pay interest at the <br />rates and shall be substantially in the form set forth in the <br />Administration Agreement attached hereto as Exhibit B and incor- <br />porated herein by this reference. All other provisions of the <br />Bonds shall be governed by the terms and conditions set forth in <br />such Administration Agreement, which form of agreement is hereby <br />approved and the Mayor and the City Clerk are authorized to execute <br />and deliver said Administration Agreement for and in the name of <br />the City on behalf of the Community Facilities District with such <br />additions thereto and changes therein as are recommended or <br />approved by Bond Counsel to the Community Facilities District and <br />the officers executing the same, with such approval to be <br />conclusively evidenced by the execution and delivery of the <br />Administration Agreement. <br />Section 3. Execution of Bonds. The Bonds shall be <br />executed on behalf of the Community Facilities District by the <br />manual or facsimile signature of the Mayor of the City, and the <br />seal of the Community Facilities District or a facsimile thereof, <br />shall be impressed or imprinted thereon and attested with the <br />manual or facsimile signature of the City Clerk. <br />Section 4. Appointing of Fiscal Agent. Security Pacific <br />National Bank, Los Angeles, California, is hereby appointed to act <br />-3- <br />