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investment of such portion of the proceeds of the Bonds to be applied to the payment of the Prior <br />Bonds to be redeemed on the earliest redemption date or at maturity, as appropriate. <br /> <br /> 12. Non-Arbitrage Certificate and Tax Covenants. The City Manager and the Chief <br />Financial Officer, or either of them, are authorized and directed to execute a Non-Arbitrage <br />Certificate and Tax Covenants setting forth the expected use and investment of the proceeds of <br />the Bonds and containing such covenants as may be necessary in order to comply with the <br />provisions of the Code, including the provisions of Section 148 of the Code and applicable <br />regulations relating to "arbitrage bonds." The City Council covenants on behalf of the City that <br />all of such proceeds will be invested and expended as set forth in the City's Non-Arbitrage <br />Certificate and Tax Covenants and that the City will comply with the other covenants and <br />representations contained therein. <br /> <br /> 13. Disclosure Documents. The Chief Financial Officer and the City Manager, or <br />either of them, and such officers and agents of the City as either of them may designate are <br />hereby authorized and directed to prepare, execute, if required, and deliver an appropriate notice <br />of sale, preliminary official statement, official statement or such other offering or disclosure <br />documents as maybe necessary to expedite the sale of the Bonds. The notice of sale, <br />preliminary official statement, official statement or other documents shall be published in such <br />publications and distributed in such manner, including electronically, and at such times as the <br />Chief Financial Officer shall determine. The Chief Financial Officer is authorized and directed <br />to deem the preliminary official statement with respect to the Bonds "final" for purposes of <br />Securities and Exchange Commission Rule 15c2-12. <br /> <br /> <br />