Laserfiche WebLink
<br />16. Further Actions. The City Representative and such other officers and agents of <br /> <br /> <br />the City as he or she may designate are hereby authorized and directed to take further action as <br /> <br /> <br />they deem necessary or appropriate regarding the issuance, credit enhancement and sale of the <br /> <br /> <br />Bonds, including, without limitation, the preparation, execution, and delivery of any agreement <br /> <br /> <br />relative to the tax-advantaged status of the Bonds (to the extent applicable) 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, forward <br /> <br />purchase or supply arrangements relating to the investment of the proceeds of any series of the <br /> <br />Bonds, and the application for CUSIP identification numbers. 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 or she may <br /> <br />designate are hereby authorized and directed to take such further action and to execute and <br /> <br />deliver such additional agreements, documents, and certificates as they deem necessary <br /> <br />regarding the Bonds and all actions taken by such officers and agents in connection with the <br /> <br />Bonds are ratified and confirmed. <br /> <br />17. Filing of Ordinance. The appropriate officers or agents of the City are hereby <br /> <br />authorized and directed to file or cause to be filed a certified copy of this Ordinance with the <br /> <br /> <br />Circuit Court of the City of Portsmouth pursuant to Sections 15.2-2607 and 15.2-2627 of the <br /> <br /> <br />Virginia Code. <br /> <br />18. Conflicting Ordinances. Resolutions. and Proceedings. Any provisions of <br /> <br />ordinances, resolutions, and proceedings in conflict with the provisions of this Ordinance are, to <br /> <br />the extent of such conflict, hereby repealed. <br /> <br />-10- <br />