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<br />necessary or appropriate regarding the issuance, credit enhancement and sale of the Bonds and <br /> <br />the refunding, redemption, and payment of the Prior Bonds, including, without limitation, the <br /> <br />preparation, execution, and delivery of any agreement relative to the tax-exempt status of the <br /> <br />Bonds and the use of the proceeds thereof and other instruments, agreements and documents <br /> <br />related to the issuance and sale of any series of the Bonds, the purchase of municipal bond <br /> <br />insurance or' other credit enhancement for any series of the Bonds if market or other conditions <br /> <br />so 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, the application for CUSIP <br /> <br />identification numbers and the execution and delivery of replacement bonds in connection with <br /> <br />any partial refunding of Prior Bonds, and the selection of one or more verification agents. All <br /> <br />actions taken by officers and agents of the City in connection with the issuance and sale of the <br /> <br />Bonds are hereby ratified and confirmed. The City Representative and such officers and agents <br /> <br />of the City as he may designate are authorized and directed to take such further action and to <br /> <br />execute and deliver such additional agreements, documents, and certificates as they deem <br /> <br />necessary regarding the Bonds and all actions taken by such officers and agents in connection <br /> <br />with the Bonds are ratified and 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 /> <br />as amended. <br /> <br />-9- <br />