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2005 Ordinances
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2005 Ordinances
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3/13/2006 11:57:55 AM
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3/31/2005 2:05:24 PM
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<br /><, <br /> <br />. <br /> <br />United States Treasury Securities, State and Local Government Series (SLGS) on behalf of the <br />City. <br /> <br />12. Non-Arbitrage Certificate and Tax Covenants. The City Manager and the Chief <br /> <br /> <br />Financial Officer, or either of them, are authorized and directed to execute a Non-Arbitrage <br /> <br /> <br />Certificate and Tax Covenants setting forth the expected use and investment of the proceeds of <br /> <br /> <br />the General Obligation Bonds, the General Obligation Refunding Bonds and the General <br /> <br /> <br />Obligation Public Utility Refunding Bonds and containing such covenants as may be necessary <br /> <br /> <br />in order to comply with the provisions of the Code, including the provisions of Section 148 of <br /> <br /> <br />the Code and applicable regulations relating to "arbitrage bonds." The City Council covenants <br /> <br /> <br />on behalf of the City that all of such proceeds will be invested and expended as set forth in the <br /> <br /> <br />City's Non-Arbitrage Certificate and Tax Covenants and that the City will comply with the other <br /> <br /> <br />. covenants and representations contained therein. <br /> <br /> <br />13. 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 /> <br />hereby authorized and directed to prepare, execute, if required, and deliver appropriate notice(s) <br /> <br /> <br />of sale, preliminary official statement, official statement or such other offering or disclosure <br /> <br /> <br />documents as may be necessary to expedite the sale of the Bonds. The notice(s) of sale, <br /> <br />preliminary official statement, official statement or other documents shall be published in such <br /> <br />publications and distributed in such manner, including electronically, and at such times as the <br /> <br /> <br />Chief Financial Officer shall determine. The Chief Financial Officer is authorized and directed <br /> <br /> <br />to deem the preliminary official statement with respect to the Bonds "final" for purposes of <br /> <br /> <br />Securities and Exchange Commission Rule 15c2-12. <br /> <br />. <br /> <br />
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