Laserfiche WebLink
contract dated as of January 19, 1994 and in this ordinance. The Mayor is hereby authorized to <br /> execute the purchase contract on behalf of the City. The Finance Director is hereby authorized to <br /> review and approve on behalf of the City the official statement relative to the Bonds with such <br /> additions and changes as may be deemed necessary or advisable to him. The proper City officials <br /> are hereby authorized and directed to do everything necessary for the prompt issuance, execution <br /> and delivery of the Bonds to the purchaser and for the proper use and application of the proceeds <br /> of such sale. <br /> SECTION 18. Delivery of Bonds. The City shall cause definitive Bonds to be prepared, <br /> executed and delivered, which Bonds shall be typewritten, lithographed or printed with engraved <br /> or lithographed borders. <br /> If definitive Bonds are not ready for delivery by the date established for closing, then the <br /> Finance Director, upon the approval of the purchasers, may cause to be issued and delivered to <br /> the purchasers one or more temporary Bonds with appropriate omissions, changes and additions. <br /> Any temporary Bond or Bonds shall be entitled and subject to the same benefits and provisions of <br /> this ordinance with respect to the payment, security and obligation thereof as definitive Bonds <br /> authorized thereby. Such temporary Bond or Bonds shall be exchangeable without cost to the <br /> owners thereof for definitive Bonds when the latter are ready for delivery. <br /> SECTION 19. Approval of Preliminary Official Statement. The City hereby approves the <br /> Preliminary Official Statement presented herewith to the Council and authorizes the distribution of <br /> the Preliminary Official Statement in connection with the offering of the Bonds. Pursuant to <br /> Securities and Exchange Commission Rule 15c2-12 ("Rule 15c2-12"), the City hereby deems this <br /> Preliminary Official Statement as final as of its date except for the omission of information <br /> dependent upon the pricing of the issue and the completion of the underwriting agreement, such <br /> as offering prices, interest rates, selling compensation, aggregate principal amount, principal <br /> amount per maturity, delivery dates, and other terms of the Bonds dependent on the foregoing <br /> matters. The City agrees to cooperate with the purchaser to deliver or cause to be delivered, <br /> -22- ooroeM.00c 94/01/19 <br />