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- 16- <br /> <br />to take all such actions as they shall deem to be necessary or desirable to effect the redemption <br />of the Refunded 1987 Public Utility Bonds on such date. <br /> <br /> (f) The Council hereby designates the Refunded 1991 Public Utility Bonds for <br />redemption on August 1, 2000 in accordance with the provisions of the aforementioned <br />resolutions authorizing the issuance of the 1991 Public Utility Bonds adopted by the Council on <br />lanuary 7, 1991 and January 8, 1991 and authorizes the City Manager and the Director of <br />Finance to take all such actions as they shall deem to be nec.essary or desirable to effect the <br />redemption of the Refunded 1991 Public Utility Bonds on such date. <br /> <br /> 12. The action of the City Manager, the Director of Finance and other <br />officials, employees, agents and attorneys of the City in negotiating the sale of the Bonds, and <br />all actions and proceedings heretofore taken by the Council, the City Manager, the Director of <br />Finance and other officials, employees, agents and attorneys of the City in connection with the <br />authorization, issuance and sale of the Bonds (including the preparation and distribution of the <br />Preliminary Official Statement relating to the Bonds) are hereby mtitled, confirmed and <br />appmved. <br /> <br /> 13. The Director of Finance is directed to hold the good faith check submitted <br />by the Underwriter at the time of the execution of the Purchase Contract and to return such good <br />faith cheek to the Underwriter at the time of the delivery of and payment for the Bonds or <br />otherwise to apply such check in accordance with the terms of the Purchase Contract. <br /> <br /> 14. The City Attorney of the City is directed to file a copy of this resolution, <br />ceffified by the City Clerk of the City to be a tree copy hereof, with the Clerk of the Circuit <br />Court of the City of Portsmouth, Vkginia. <br /> <br /> 15. All ordinances, resolutions and proceedings in conflict with the provisions <br />of this resolution are to the extent of such conflict, hereby repealed. <br /> <br />16. This resolution shall take effect from the date of its adoption. <br /> <br /> Adopted by the Council of the City of Portsmouth, Virginia, at a special meeting <br />held on Ivlarch 24, 1993. <br /> <br />Teste: <br /> <br />Clerk <br /> <br /> <br />