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• <br />CITY of ORONO <br />RESOLUTION OF THE CITY COUNCIL <br />NO. ' 5461 <br />by the execution thereof. The Notes shall be executed as provided by the Loan <br />Agreement. The Notes shall contain a recital that they are issued pursuant to <br />the Act and such recital shall be conclusive evidence of their validity and the <br />regularity of their issuance. The Notes are designated as qualified tax exempt <br />obligations for purposes of Section 265(b)(3) of the Internal Revenue Code. <br />7. Certifications. The officers of the City are authorized <br />and directed to prepare and furnish to bond counsel, to <br />the Borrower, to the Lenders and to counsel for the <br />Borrower and the Lenders, certified copies of all <br />proceedings and records of the City relating to the <br />Project and the Notes, and such other affidavits and <br />certificates as may be required to show the facts <br />appearing from the books and records in the officers' <br />custody and control or as otherwise known to them; and <br />all such certified copies, certificates and affidavits, <br />including any heretofore furnished, shall constitute <br />representations of the City as to the trust of all statements <br />contained therein. <br />Adopted by the City Council of the City of Orono, Minnesota, at a regular meeting <br />held May 8, 2006. <br />ATTEST: <br />Linda S. Vee, City Clerk <br />:11 <br />Barbara A. Peterson, Mayor <br />