Res13 15263 - Laserfiche WebLink

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execution and delivery of Additional Bonds, or lack thereof, shall be in the sole discretion of the City. (C) Whenever the Authority shall have determined to issue Additional Bonds pursuant to this Section 2.12, the Authority shall adopt a Supplemental Indenture determining that the issuance of such Additional Bonds is necessary for the purposes specified herein, specifying the principal amount of such Additional Bonds and prescribing the terms and conditions of such Additional Bonds and the funds to be established for the security and payment thereof. Before such Additional Bonds shall be issued and delivered, the Authority shall file the following documents with the Trustee: (a) A certified copy of th� Supplemental Indenture authorizing such Additional Bonds. (b) An opinion of Bond Counsel stating: (i) that the execution and delivery of the Additional Bonds have been sufficiently and duly authorized by the Authority; (ii)that the issuance of the Additional Bonds is authorized by the Act and this Indenture; iii that the �...� Additional Bonds when duly executed and delivered, will be valid and binding obligations of the Authority, payable from Revenues in accordance with the terms of this Indenture and the Supplemental Indenture authorizing the issuance of such Additional Bonds; (iv)that upon the delivery of the Additional Bonds the aggregate principal amount of Bonds then Outstanding will not exceed the amount at the time permitted by law or the then limits of indebtedness of the Authority, if any; and (v)that the issuance of such Additional Bonds will not, of itself, cause interest on the Bonds that were issued as tax-exempt obligations to become includable in gross inconne for federal income tax purposes. (c) A Certificate of the Authority certifying that the requirements set forth in Section 2.12 have been either met or provided for, together with a copy of the amendment to the Installment Purchase Contract required hereby. (D) Nothing contained in the Section 2.12 shall restrict the ability of the City to issue Parity Obligations pursuant to the Installment Purchase Contract. ARTICLE III PROCEED5 OF BONDS; PLEDGE OF REVENUES Section 3.01. Deliverv of Bonds. The Trustee is hereby authorized to authenticate the Series 201� Bonds and upon receipt of the proceeds of sale thereof deliver the Series 2013 Bonds to the initial pwrchaser thereof upon receipt of a Certificate of the Authority. � Section 3.02. Denositin�of Proceeds of Bonds and Other Amounts. On the Closing Date the Trustee shall receive $29,893,205.20 as the purchase price of the Series 2013 Bonds (which excludes the $265,000.00 good faith deposit held by the Trustee at the Closing Date and the underwriter discount); provided, that the Trustee and the Authority acknowledge that, at the . -19- 33sa7i t.DOc