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<br />11. Continuing Disclosure. The City Representative is authorized and directed to <br /> <br /> <br />enter into a Continuing Disclosure Agreement for the benefit of the Owners of the Bonds. <br /> <br />12. Further Actions. The City Representative and such other officers and agents of <br /> <br />the City as the he may designate are authorized and directed to take further action as they deem <br /> <br />necessary or appropriate regarding the issuance, credit enhancement and sale of the Bonds, <br /> <br />including, without limitation, the preparation, execution, and delivery of any agreement relative <br /> <br />to the tax-exempt status of the Bonds and the use of the proceeds thereof and other instruments, <br /> <br />agreements and documents related to the issuance and sale of any series of the Bonds, the <br /> <br />purchase of any credit enhancement for any series of the Bonds if market or other conditions so <br /> <br />warrant, and the acquisition of qualified defeasance securities (either on the open market or <br /> <br />directly from the United States Treasury), forward purchase or supply arrangements relating to <br /> <br />the investment of the proceeds of any series of the Bonds. All actions taken by officers and <br /> <br />agents of the City in connection with the issuance and sale of the Bonds are hereby ratified and <br /> <br />confirmed. The City Representative and such officers and agents of the City as he may designate <br /> <br />are authorized and directed to take such further action and to execute and deliver such additional <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 />13. Filing of Ordinance. The appropriate officers or agents of the City are authorized <br /> <br />and directed to file or cause to be filed a certified copy of this Ordinance with the Circuit Court <br /> <br />of the City of Portsmouth pursuant to Sections 15.2-2607 and 15.2-2627 of the Code of Virginia, <br />as amended. <br />