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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 />. <br /> <br />. <br /> <br />. <br /> <br />redemption of the Prior Bonds, including, without limitation, the preparation, execution and <br /> <br /> <br />delivery of any agreement relative to the tax-exempt status of the Bonds and the use of the <br /> <br /> <br />proceeds thereof and other instruments, agreements and documents related to the issuance and <br /> <br />sale of any series of the Bonds, the purchase of municipal bond insurance or other credit <br /> <br />enhancement for any series of the Bonds if market or other conditions so warrant, and the <br /> <br />acquisition of qualified defeasance securities (either on the open market or directly from the <br /> <br />United States Treasury), forward purchase or supply arrangements relating to the investment of <br /> <br /> <br />the proceeds of any series of the Bonds, the application for CUSIP identification numbers and <br /> <br /> <br />the execution and delivery of replacement bonds in connection with any partial refunding of <br /> <br /> <br />Prior Bonds, and the selection of one or more verification agents in connection with any series of <br /> <br /> <br />Refunding Bonds. All actions taken by officers and agents of the City in connection with the <br /> <br /> <br />issuance and sale of the Bonds are hereby ratified and confirmed. The City Manager and the <br /> <br /> <br />Chief Financial Officer and such officers and agents of the City as either of them may designate <br /> <br /> <br />are authorized and directed to take such further action and to execute and deliver such additional <br /> <br /> <br />agreements, documents and certificates as they deem necessary regarding the Bonds and all <br /> <br />actions taken by such officers and agents in connection with the Bonds are ratified and <br /> <br />confirmed. <br /> <br />17. Filing of Ordinance. The appropriate officers or agents of the City are authorized <br /> <br /> <br />and directed to file or cause to be filed a certified copy of this Ordinance with the Circuit Court <br /> <br /> <br />of the City of Portsmouth pursuant to Sections 15.2-2607 and 15.2-2627 of the Code of Virginia, <br /> <br />as amended. <br /> <br />
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