Res85 10047 - Laserfiche WebLink

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fully qualifies as such pursuant to the Indenture and approval of the omission of or of different agents as provided by the Indenture and approval of different maturing amounts of principal and the maturity dates thereof in a manner which does not increase the annual interest rate of all Bonds above the limitation set forth in Section 4, hereof. Section 20. The undertaking, carrying out and completing of the financing of the Project by the City is hereby authorized. Section 21. In case anyone or more of the provisions of this resolution (the "Bond Resolution") or the Indenture, the Loan Agreement, the Regulatory Agreement, the Intercreditor Agreement, the Bond Purchase Agreement or of the Bonds issued hereunder shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any other provision of this Bond Resolution or of the Indenture, the Bond Purchase Agreement the Loan Agreement, the Regulatory Agreement, the Intercreditor Agreement or the Bonds and each of such instruments shall be construed and enforced as if such illegal or invalid provision had not been contained therein. Invalidity of the Indenture shall not affect the pledge of revenues or other receipts, funds, or moneys pursuant to this Bond Resolution, the establishment and maintenance of the various funds described by Section 6 hereof, and the handling of the proceeds derived from the sale of Bonds and other receipts, funds or moneys as provided by the Bond Purchase Agreement it being the intention hereof that such commitments on the part of the City are binding separate and apart from the Indenture. Section 22. Upon execution of the Bond Purchase Agreement, any of the Authorized Officers, and the City Clerk, Deputy City Clerk and other City officers are hereby authorized and directed, for and on behalf of the City, to do any and all things and take any and all actions which they, or any of them, may deem necessary or advisable in order to consummate the lawful issuance of the Bonds in accordance with the Bond Purchase Agreement, the Indenture, the Official Statement, this Bond Resolution and the other agreements and documents, including the execution of any and all certificates, requisitions and agreements, and the approval of any and all of the same to be executed by acts and things necessary or proper, in the judgment of each, individually, in the undertaking, carrying out and completing of the financing of the Project authorized by this Bond Resolution, and the performance and exercise of derivative obligations and powers, which are not contrary to any of the agreements or other documents executed by any of the Authorized Officers, City Clerk, Deputy City Clerk or other City officers, including the approval of any changes, insertions or omissions to a acts and things necessary or proper, in the judgment of each, individually, in the undertaking, carrying out and completing of the financing of the Project authorized by this Bond Resolution, and the performance and MFH0072.RWC/7 -8- 10/23/85