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Certificate and Tax Covenants and that the City will comply with the other covenants and <br /> <br />representations contained therein. <br /> <br /> 12. Disclosure Documents The Chief Financial Officer and the City Manager, or <br /> <br />either of them. and such officers and agents of the City as either of them may designate are <br /> <br />hereby authorized and directed to prepare, execute, if required, and deliver a preliminary official <br /> <br />statement, official statement or such other offering or disclosure documents as may be necessary <br /> <br />to expedite the sale of the Bonds. The preliminary official statement, official statement or other <br /> <br />documents shall he published in such publications and distributed in such manner and at such <br /> <br />times as the Chief Financial Officer shall determine. The Chief Financial Officer is authorized <br /> <br />and directed to deem the preliminary official statement with respect to the Bonds "final" for <br /> <br />purposes of Securities and Exchange Commission Rule 15c2-12. <br /> <br /> 13. Continuing Disclosure. The City Manager and the Chief Financial Officer or <br /> <br />either of them, are authorized and directed to enter into a Continuing Disclosure Agreement for <br /> <br />the benefit of the owners of the Bonds to assist the underwriter for the Bonds in complying with <br /> <br />the provisions of Section (b)(5) of Securities and Exchange Commission Rule 15c2-12. <br /> <br /> 14. Authorization of Bond Anticipation Notes. If prior to the offering of any series of <br /> <br />the Bonds, market or other conditions are such that the City Manager. in consultation with the <br /> <br />Chief Financial Officer, determines that it is not advisable to enter into a long-term financing for <br /> <br />all or any portion of the costs of various public improvements, the City Manager, without further <br /> <br />approval of the City Council as to documentation or otherwise, may execute, deliver and issue <br /> <br />short-term notes of the City ("Notes") as provided in Section 15.2-2628 of the Code of Virginia <br /> <br />of 1950, as amended, at public or private sale in anticipation of the issuance of any or all series <br /> <br />of the Bonds; provided the principal amount of the Notes shall not exceed $15,869,648, the term <br /> <br /> -7- <br /> <br /> <br />