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2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />i0 <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 />W <br />such advice of Bond Counsel as he may deem necessary, is <br />hereby authorized and directed to act on behalf of the City <br />Council to establish and determine (i) the final principal <br />amount of the Bonds, which amount shall not exceed <br />$24,000,000; (ii) the final interest rate on the Bonds, which <br />rate shall not exceed 11.5% per annum; (iii) the under- <br />writers' discount for the purchase of.the Bonds, which amount <br />shall not exceed 3% of the principal amount of the Bonds, and <br />(iv) such other matters as may relate to the final terms and <br />provisions for the sale of the Bonds. The City Manager, upon <br />the determination of such matters, is further authorized and <br />directed, in and for the name of the City, to execute any <br />supplements or amendments to the Purchase Contract as, <br />based on advice of Bond Counsel, may be necessary to include <br />such matters as so determined as a part of the Purchase <br />Contract. The authorization and powers delegated to the <br />City Manager by this Section 8 shall be valid for a. period of <br />30 days from the date of adoption of this resolution. <br />Section 9. Other Acts. The Mayors Mayor Pro Tem <br />and the City Manager and City Clerk are hereby authorized and <br />directed, jointly and severally, to do any and all things, to <br />execute and deliver any and. all documents, including but not <br />limited to, the Final Official Statement, which they may deem <br />necessary or advisable in order to consummate the issuance, <br />sale and delivery of the Bonds, or otherwise to effectuate the <br />Purposes of this Resolution, and such actions previously <br />taken by such officers are hereby ratified and confirmed. <br />J/J <br />