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principal of and interest on the Bond to holders, and will otherwise treat the Insurer as the <br /> owner-of such rights to the amount of such principal and interest. <br /> In connection with the issuance of additional bonds, the City shall deliver to the Insurer a <br /> copy of the disclosure document, if any, circulated with respect to such additional bonds. <br /> Copies of any amendments made to the documents executed in connection with the <br /> issuance of the Bonds which are consented to by the Insurer shall be sent to Standard &Poor's <br /> Corporation. <br /> The Insurer shall receive notice of the resignation or removal of the Bond Registrar and <br /> the appointment of a successor thereto. <br /> The Insurer shall receive copies of all notices required to be delivered to Bondholders and, <br /> on an annual basis (or as soon as available from the office of the State Auditor) copies of the <br /> City's audited financial statements, and Annual Budget. <br /> Any notice that is required to be given to a holder of Bonds or to the Bond Registrar <br /> pursuant to this Resolution shall also be provided to the Insurer. All notices required to be given <br /> to the Insurer under this Resolution shall be in writing and shall be sent by registered or certified <br /> mail addressed to MBIA Insurance Corporation, 113 King Street, Armonk, New York 10504 <br /> Attention: Surveillance. <br /> The provisions of this section shall be in effect only so long as the policy is in full force <br /> and effect. <br /> SECTION 23. General Authorization. The Mayor, the Finance Director, and the Clerk of <br /> the City and each of the other appropriate officers, agents and representatives of the City are each <br /> hereby authorized and directed to take such steps, to do such other acts and things, and to <br /> execute such letters, certificates, agreements, papers, financing statements, assignments or <br /> instruments as in their judgment may be necessary, appropriate or desirable in order to carry out <br /> the terms and provisions of, and complete the transactions contemplated by, this ordinance. <br /> SECTION 24. Prior Acts. All acts taken pursuant to the authority of this ordinance but <br /> prior to its effective date are hereby ratified and confirmed. <br /> -30- J:TWWWHOME103N3CXooc <br />