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2003 Resolutions
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2003 Resolutions
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Last modified
2/6/2009 3:35:14 PM
Creation date
5/15/2003 5:12:45 PM
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Ord/Resolutions
Year
2003
Ord/Resolutions - Type
Resolutions
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the term to maturity thereof shall not exceed five years and the true interest cost thereon shall not <br />exceed seven and one-hail percent (7.5%) and shall be subject to such other terms and conditions <br />contained in this Resolution to the extent not inconsistent with this Section 14. Each Note issued <br />hereunder shalI be accompanied by a certificate of the City Manager and the Chief Financial <br />Officer of the City in the form prescribed in Section 12-16 of the Code of the City. The <br />provisions of Section 2 hereof shall apply ro the Notes to the extent the same are not paid from <br />the proceeds of the Bonds or from any other available funds. Bonds in annc~parion of which the <br />Notes are issued must be issued and sold ~n accordance with this Resolution nor later than five <br />(5) years of the date of original issue of the first Notes issued hereunder. <br /> <br /> I5. Further Actions The City Manager and the Chief Financial Officer and such officers <br />and agents of the City as either of them may designate are authorized and directed to take such <br />further action and to execute and deliver such additional a~eements, documents and certificates <br />as they deem necessary regarding the Bonds and all actions taken by such officers and agents in <br />connection with the Bonds are ratified and confirmed. <br /> <br /> 16. Filin~ Resolution. The appropriate officers or agents of the City are authorized and <br />directed to file a certified copy of this Resolution with the Circuit Court of the City pursuant [o <br />Sections 15.2-2607 and 15.2-2627 of the Code of Virginia of 1950. as amended. <br /> <br /> <br />
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