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Tax Covenants, to be delivered simultaneously with the issuance and delivery of the Note and <br />that the City shall comply with the other covenants and representations contained therein. <br /> <br /> 10. Further Actions. The City Manager and the Chief Financial Officer and such <br />officers and agents of the City as either of them may designate are authorized and directed to <br />take such further action as they deem necessary regarding the issuance and sale of the Note and <br />all actions taken by such officers and agents in connection with the issuance and sale of the Note <br />are ratified and confirmed. <br /> <br /> 11. Effective Date: Applicable Law. This Resolution shall take effect immediately. <br />The City Council elects to issue the Note pursuant to the provisions of the Public Finance Act of <br />1991, Chapter 26, Title 15.2, Code of Virginia of 1950, as amended, in accordance with Section <br />15.2-2601 of such Act. <br /> <br /> ADOPTED by the Council of the City of Portsmouth, Virginia. at a meeting held on <br />November 13, 2001. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />