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thereon from the date thereof to the date of the delivery thereof and payment therefor and on such other terms and conditions as shall be determined by the City Manager and the Deputy City Manager for Finance of the City. The City Manager and the Deputy City Manager for Finance of the City are hereby authorized to approve the sale of the Notes, without further action by the Council, as provided herein; provided that (i) in no event shall the stated rate of interest for any Note be in excess of ten per centum (10%) per annum; (ii) in no event shall any redemption premium payable upon the redemption of any Note exceed three percent (3%) of the principal amount thereof; and (iii) in no event shall the maturity of any Note be in excess of the maturity permitted under the Public Finance Act of 1991. The City may sell all or part of the Notes alone or contemporaneously with any other general obligation notes or with any general obligation bonds of the City. There may be prepared and distributed a preliminary and a final Official Statement relating to any Notes in such form as shall be approved by the Deputy City Manager for Finance of the City. The issuance and details of such Notes shall be governed by the provisions of the Public Finance Act of 1991, and Article I of Chapter 12 of the Code of the City. Each Note issued hereunder shall be accompanied by a certificate of the City Manager and the Deputy City Manager for Finance of the City in the form prescribed in Section 12-16 of the Code of the City. The provisions of Section 3(a) shall apply to the Notes to the extent that same are not paid from the proceeds of the Public Improvement Bonds or from any other available funds. The Public Improvement Bonds in anticipation of which the Notes are issued must be issued and sold in accordance with this resolution not later than five years from the date of the original issue of the first Notes. SECTION 18. Rescission of Approved and Unissued General Obliqation Public Improvement Bond Authorizations. The Public Improvement Bonds authorized under Section 2(a) are in lieu of and in substitution for the authorized and unissued general obligation public improvement bonds heretofore authorized in resolutions adopted by the Council (a) on November 28, 1995 authorizing $52,325,000 principal amount of General Obligation Public Improvement Bonds of the City, (b) on April 23, 1996 authorizing $4,100,000 principal amount of General Obligation Public Improvement Bonds of the City, and (c) on April 22, 1997 authorizing $5,620,000 principal amount of General Obligation Public Improvement Bonds of the City, and the authorizations provided in such resolutions shall not be or be deemed to be in addition to the Bonds authorized hereby, and such resolutions are hereby rescinded and repealed; provided that no provision of the resolution adopted by the Council on November 28, 1995 shall be rescinded or repealed to the extent