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In case either of the officers who shall have executed the <br /> 1992 Bonds shall cease to be an officer or officers of the City <br /> before the 1992 Bonds so signed shall have been authenticated or <br /> delivered by the Bond Registrar, or issued by the City, such 1992 <br /> Bonds shall be valid nevertheless and may be issued by the City <br /> with the same effect as though the persons who had executed such <br /> 1992 Bonds had not ceased to be such officers . <br /> Section 20 . Sale of the Project Bonds and Refunding Bonds <br /> and Approval of Preliminary Official Statement . The Finance <br /> Director and each of the other appropriate officers, agents and <br /> representatives of the City are hereby authorized to call for <br /> bids consistent with the terms and conditions of this ordinance, <br /> for the sale of the Project Bonds and Refunding Bonds . The sale <br /> of such Bonds to the lowest bidder therefor shall be approved by <br /> passage of a resolution subsequent to final passage of this <br /> ordinance, which resolution shall specify the interest rates, <br /> maturities, mandatory redemption provisions, price, terms and <br /> conditions of said sale, consistent with the terms and conditions <br /> set forth in this ordinance . <br /> The City hereby approves the Preliminary Official Statement <br /> presented herewith to the Board and authorizes the distribution <br /> of the Preliminary Official Statement in connection with the <br /> offering of the Project Bonds and Refunding Bonds . Pursuant to <br /> Securities and Exchange Commission Rule 15c2-12 ("Rule 15c2-12" ) , <br /> the City hereby deems this Preliminary Official Statement as <br /> final as of its date except for the omission of information <br /> 69 Fwwoo3.00c szroern <br />