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April 1, 1992
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<br /> PLEASE INSERT SOCIAL SECURITY OR
<br />OTHER IDE~IFYING NUMBER OF TRANSFEREE:
<br />
<br />the within-mentioned Bond and hereby irrevocably constitutes and appoints
<br /> , agent, to transfer the same on the books of registry
<br />in the office of the Registrar with full power of substitution in the premises.
<br />
<br />Dated:
<br />
<br />Signature Guaranteed:
<br />
<br />NOTICE: Signatare(s) must be
<br />guaranteed by a member firm of
<br />The New York Stock Exchange,
<br />Inc. or a commercial bank or
<br />trasl company.
<br />
<br />(Signature of Registered Owner)
<br />NOTICE: The signature to this
<br />assignment must correspond with the
<br />name as written on the thee of the
<br />within Bond in every particular,
<br />without alteration, enlargement
<br />or any change whatsueven
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<br /> 8. The form of the Purchase Contract, dated April 1, 1992 (the "Purchase
<br />Contract"), by and betweep th~ City and Craigie Incorporated. as Underwriter (the
<br />"Underwriter"), presented to the meeting of the Council at which this resolution is being
<br />adopted, and the terms, conditions and provisions thereof, are hereby approved, ratified and
<br />confirmed by the Council, and the City Manager is hereby authorized and directed to deliver
<br />to the Undensrritar the Purchase Contract in substantially such form. together with such
<br />changes as shall be approved by the City Manager upon the advice of counsel (including the
<br />City Attorney and Bond Counsel), such approval to be conclusively evidenced by his
<br />execution thereof.
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<br /> 9. The City Manager and the Director of Finance are hereby authorized
<br />and directed to execute and deliver to the Underwriter an Official Statement 0f the City
<br />relating to the Bonds. dated the date of the sale thereof, in substantially the form of the
<br />Preliminary Official Statement. relating to the Bonds, presented to the meeting of the
<br />Council at which this resolution is being adopted (the "Official Statement"), after the Official
<br />Statement has been comple-/mi:by the iuser~ion of the maturities, interest rotes and other
<br />details of the Bonds and by making snch other insertions, changes or corrections as the City
<br />Mar~ger ami the Director of Finance, based un the advice of the City's financial advisors
<br />
<br />and legal counsel (inaludiag the City Attorney and Bond Counsel), deem nacessaty or
<br />appropriate; and the Council hereby authorizes the OffieinlStatement and the information
<br />comained therein to be used by the Undenvritar in eonnaction with the sale of the Bonds.
<br />The Preliminary Official Statemem"is "deemed final" for purposes of Rule 15e2-12
<br />promulgated by the Securities and Exchange Commission pursuant to the Secarities
<br />Exchange Act of 1934. The City Manager, the Director of Finance and the City Attorney
<br />are hereby author/zed arid directed to execum on behalf of the City and deliver to the
<br />Undenvriter the respeedve certificates referred to in the Official Statement under the
<br />caption "Certificates Concerning Official Statement".
<br />
<br /> 10. (a) The form of the Escrow Deposit Agreement. dated as of April t,
<br />1992 (the "Escrow Deposit Agreement'S, by and between the City and The Chase Manhattan
<br />Bank. N.A., as Escrow Agent [the "Escrow Agent"), presented to and filed with the minutes
<br />of the meeting of the Council at which this resolution is being adopted, and the terms,
<br />conditions and provisions thereof, are hereby approved, ratified and confirmed by the
<br />Council, and the City Manager is hereby authorized and directed to execute and deliver to
<br />the Escrow Agent the Escrow Deposit Agreement in substantially such form, togethar with
<br />such changes as shall he approved by the City Manager upon the advice of counsel
<br />(including the City Attorney and Bond Counsel), such approval to be conclusively evidenced
<br />by his execution thereof.
<br />
<br /> (b) The appointment of The Chase Manhattan Bank. N.A., as Escrow
<br />Agent under the Escrow Deposit Agreement, is hereby approved, ratified and confirmed by
<br />the Council.
<br />
<br /> (c) The City Manager and the Director of Finance of the City, or either
<br />of them, are hereby authorized to execute, on behalf of the City, subscriptions for United
<br />States Treasuq, Obligations - State and Local Government Series, to be purchased by the
<br />Escrow Agent from moneys deposited in the 1992 Refunding Trust Fund created and
<br />established under the Escrow Deposit Agreement. Such United States Treasury Obligntions
<br />- State and Local Government Series so purchased shall be held by the Escrow Agent umier
<br />and in accordance with the provisions of the Escrow Deposit Agreement.
<br />
<br /> (d) The Council hereby designates the Refunded 1985 Public Improvement
<br />Bonds for redemption on November 1. 1995 in accordance with the provisions of the
<br />aforementioned resolutions authorizing the issuance of the Public 1985 Improvement Bonds
<br />adopted by the Council on October 1, 1985 and October 29. 1985 and authorizes the City
<br />Manager and the Director of Finance to take all such actions as they shall deem to be
<br />necessary or desirable to effect the redemption of the Refunded 1985 Public Improvemem
<br />Bond on such date.
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<br /> 11. The action of the City Manager, the Director of Finance and other
<br />officials, employees, agents and attorneys of the City in negotiating the sale of the Bonds.
<br />and ali actions and proceedings heretofore taken by the Council, the City Manager, the
<br />Director of Finance and other officials, employees, agems and attorneys of the City in
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<br />3,15
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