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March 24, 1993 <br /> <br /> (¢) The, City M~-~gex and the Dixector of F~--nco of the City or eithex of <br />them, are hereby aUgaorized to execu~, on b~. ~!~' of the C~ subscriptions for Uiftted Sta~es <br />Treasury Obligatxons - State and Lncal C.~ve~ent ~, any, to b~ purchased by the <br />Escrow Agent from moneys depositediu the ~w De~osit~nd created and ee, tabl;~hed undex <br />thc Escrow Deposit.Agreement. Such United States ~ Obligations - Stale and Local <br />Governmen~ S~rics. if any, so purchased mhmll I~ held by the Escrow Age~ under and in <br />accor~ee with the provisions of tfi~ F. scrow Deposit Agreement. The City M,~,~er ~a <br />~ of Finance of the City. o~ either of them. am hereby authorized to enter into such <br />tmrch .~. agre~ne~s, including formal supply agre~aents, if any. as ~, be requi~ in <br />cOmlection with the pur~:h?~,~ by tl~ Escrow Agent. from moneys deposited in the 1993 Escrow <br />Delmsit Fund created and established under the F. scrow Deposit Agreement, et' Govenunem <br />~ (as defined in the Escrow Depo~ Agreeing) other ~.. United ~aXes Tr~asta7 <br /> <br /> (d) The Coune~ l~eby desig~Ies the Refuaded 1980 t~ablic Utility Bonds <br />~ ~ Iul~ 1, I~3 h ~ w~ ~ ~ons of ~ ~om~ ~fi~ <br />~g ~ hs~ of ~ 1~ ~b~c U~ ~ ~ ~ ~ C~ on ~y 27, <br />1980 ~nd l~ 17, 19t0 ~ ~ ~ ~ ~g~ ~ ~e ~ of ~-~-~ ~ ~.~ <br />~ ~ ~o~ ~ ~y s~ ~ ~ ~ n~ ~ ~ m eff~t ~ ~p~ ~ <br />~ 1980 ~ ~ on ~ ~, ~u~g ~e ~ent of · ~ ~ <br /> <br /> (e) Th~ Councilt~by d~signates <br /> <br />~ ~t.~ ~ ~ ~ 1987 ~b~ U~ ~ ~p~ by ~ ~nc~ on <br />~ ~4: ~ ~ ~, 1987 ~d au~ <br /> <br />of ~ Re~nd~ I9~ ~b~c ~ ~nds on such ~to. <br /> <br /> (0 ~e C~nc~ h~y designates the Re~nd~ i991 ~b~c U~ ~ for <br />r~mp~on on Au~st 1, 2~0 ~ accor~ce wi~ the p~visions of the doremen~n~ <br />~l~s au~o~g ~e iS~ of <br />J~ ~,~1991'=d ~u~ 8, 1~} ~d an~o~ <br /> <br /> ~ : 12~ ~e a~on of <br /> ~ys of the Ci~ ~ n~go~g ~ ~e 0f ~e Bonds, ~d <br /> s he~ ~en by ~e CouncB, ~e C~ M~ager, ~e D~ of <br /> s of <br /> <br /> m ~e Bon~) ~ he~y m~, Co~ ~d <br /> <br />directed to hoM the good faith check submitted <br />,f the Purchase Contract, and to return such good <br /> he Bonds or <br /> <br />of the City is directed to ~ ~ copy of this reso~lation, <br />~ be a tree copy hereof, ~the Clefl~ of the Circuit <br /> <br /> 15. Ali ordinances, reSolutions and proceedings in conflict with the pro~ons <br />of this resolution axe to the extent of such conflict, hereby repealed. <br /> <br /> ~ 16. This msoltii~n s~all take effect from the date of its ad~)pfiom <br /> <br />Ayes: Griffin, Hawks, King, Pitts, Webb <br />Nays: None <br /> <br /> <br />