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<br />approved in substantially the form on file with the City Clerk, <br /> <br />together with such additions thereto and changes therein as the <br /> <br />City Attorney shall deem necessary, desirable or appropriate, the <br /> <br />execution of which by the Mayor shall be conclusive evidence of <br /> <br />the approval of any such additions and changes. <br /> <br />The Mayor is <br /> <br />hereby authorized and directed to execute, <br /> <br />and the City Clerk is <br /> <br />hereby authorized and directed to attest and affix the seal of the <br /> <br />City to, the final form of the Lease Agreement for and in the name <br /> <br />and on behalf of the City. <br /> <br />The City Council hereby authorizes the <br /> <br />delivery and performance of the Lease Agreement. <br /> <br />Section <br /> <br />3 . <br /> <br />Sale <br /> <br />of <br /> <br />Bonds. <br /> <br />The <br /> <br />City <br /> <br />Council <br /> <br />hereby <br /> <br />approves the sale of the Bonds by the Authority by negotiation <br /> <br />with Rauscher pierce Refsnes, Inc. as underwriter, pursuant to the <br /> <br />Purchase Contract in substantially the form on file with the City <br /> <br />Clerk. <br /> <br />The amount of underwriter's discount shall be not more <br /> <br />than <br /> <br />two percent <br /> <br />( 2 %) <br /> <br />of the par <br /> <br />amount <br /> <br />thereof <br /> <br />and the <br /> <br />net <br /> <br />effective rate of interest to be represented by the Bonds (taking <br /> <br />into <br /> <br />account any original issue discount on the sale. thereof) <br /> <br />shall not exceed eight percent (8%) per annum. <br /> <br />Section <br /> <br />4. <br /> <br />Official <br /> <br />Actions. <br /> <br />The <br /> <br />Mayor, <br /> <br />the <br /> <br />City <br /> <br />Manager, <br /> <br />the Finance Director, <br /> <br />the City Clerk and any and all <br /> <br />other officers <br /> <br />of <br /> <br />the <br /> <br />Ci ty Council <br /> <br />are hereby authorized <br /> <br />and <br /> <br />directed, for and in the name and on behalf of the City, to do any <br /> <br />and all things and take any and all actions, <br /> <br />including execution <br /> <br />and <br /> <br />delivery <br /> <br />of <br /> <br />any <br /> <br />and <br /> <br />all <br /> <br />assignments, <br /> <br />certificates, <br /> <br />requisitions, <br /> <br />agreements, <br /> <br />notices, <br /> <br />consents, <br /> <br />instruments <br /> <br />of <br /> <br />conveyance, <br /> <br />warrants and other documents which they, <br /> <br />or any of <br /> <br />-3- <br /> <br />..- 11' <br />