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• <br /> • <br /> conclusive evidence that such Bonds so authenticated have been duly executed, authenticated, and <br /> delivered hereunder and are entitled to the benefits of this Ordinance. <br /> In case either of the officers who shall have executed the Bonds shall cease to be an officer <br /> or officers of the City before the Bonds so signed shall have been authenticated or delivered by <br /> the Bond Registrar, or issued by the City, such Bonds shall be valid nevertheless and may be <br /> issued by the City with the same effect as though the persons who had executed such Bonds had <br /> not ceased to be such officers. <br /> Section 17. Sale of the Bonds; Approval of Official Statement. The offer of <br /> BancAmerica Securities, Inc. (the "Underwriter"), dated March 5, 1997, to purchase the Bonds <br /> on the terms therein and herein is hereby approved. The Mayor or his designee is hereby <br /> authorized to execute such offer on behalf of the City. <br /> The City hereby approves the Preliminary Official Statement presented herewith to the <br /> Council and authorizes the distribution of the Preliminary Official Statement in connection with <br /> the offering of the Bonds. Pursuant to Securities and Exchange Commission Rule 15c2-12 ("Rule <br /> 15c2-12"), the City hereby deems this Preliminary Official Statement final as of its date except for <br /> the omission of information dependent upon the pricing of the issue and the completion of the <br /> underwriting agreement, such as offering prices, interest rates, selling compensation, aggregate <br /> principal amount, principal amount per maturity, delivery dates, and other terms of the Bonds <br /> dependent on the foregoing matters. The City agrees to cooperate with the Underwriter to <br /> deliver or cause to be delivered, within seven business days from the date of the sale of such <br /> Bonds and in sufficient time to accompany any confirmation that requests payment from any <br /> customer of the Underwriter for the Bonds, copies of a final official statement in sufficient <br /> quantity to comply with paragraph (b)(4) of Rule 15c2-12 (the "Rule") and the rules of the <br /> MSRB. <br /> -37- FWWOBU.DOC 97/03/04 <br />