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- 14 - Deposit Fund created and established under the Escrow Deposit Agreement, of Government Securities (as defined in the Escrow Deposit Agreement) other than United States Treasury Obligations - State and Local Government Series. (d) The Council hereby designates the Refunded 1980 Public Improvement Bonds for redemption on July 1, 1993 in accordance with the provisions of the aforementioned resolutions authorizing the issuance of the 1980 Public Improvement Bonds adopted by the Council on May 27, 1980 and June 17, 1980 and authorizes the City Manager and the Director of Finance to take all such actions as they shall deem to be necessary or desirable to effect the redemption of the Refunded 1980 Public Improvement Bonds on such date, including the appointment of a Registrar and Paying Agent for the 198~ Public Improvement Bonds. (e) The Council hereby designates the Refunded 1987 Public Improvement Bonds for redemption on November 1, 1997 in accordance with the provisions of the aforementioned resolutions authorizing the issuance of the 1987 Public Improvement Bonds adopted by the Council on April 14, 1987 and June 23, 1987 and authorizes the City Manager and the Director of Finance to take all such actions as they shall deem to be necessary or desirable to effect the redemption of the Refunded 1987 Public Improvement Bond on such date. (f) The Council hereby designates the Refunded 1991 Public Improvement Bonds for redemption on August 1, 2000 in accordance with the provisions of the aforementioned resolutions authorizing the issuance of the 1991 Public Improvement Bonds adopted by the Council on January 7, 1991 and January 8, 1991 and authorizes the City Manager and the Director of Finance to take all such actions as they shall deem to be necessary or desirable to effect the redemption of the Refunded 1991 Public Improvement Bond on such date. 11. The action of the City Manager, the Director of Finance and other officials, employees, agents and attorneys of the City in negotiating the sale of the Bonds, and all actions and proceedings heretofore taken by the Council, the City Manager, the Director of Finance and other officials, employees, agents and attorneys of the City in connection with the authorization, issuance and sale of the Bonds (including the preparation and distribution of the Preliminary Official Statement relating to the Bonds) are hereby ratified, confirmed and approved. 12. The Director of Finance is directed to hold the good faith check submitted by the Underwriter at the time of the execution of the Purchase Contract and to return such good faith check to the Underwriter at the time of the delivery of and payment for the Bonds or otherwise to apply such check in accordance with the terms of the Purchase Contract. 13. The City Attorney of the City is directed to file a copy of this resolution, certified by the City Clerk of the City to be a true copy hereof, with the Clerk of the Circuit Court of the City of Portsmouth, Vkginla.