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Resolution 5267
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Reso 0001-7499
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Reso 5200 - 5299 (June 28, 2004 - April 11, 2005)
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Resolution 5267
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11/9/2015 2:39:18 PM
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. o,�,. � . � <br /> � <br /> 0 0 <br /> • �� � � � CITY of ORONO <br /> � �-- : - � <br /> ti <br /> ��� �G�' � RESOLUTION OF THE CITY COUNCIL . <br /> `9kEsII�g' NO. � � � `� . <br /> . faith, credit and unlinuted taxing powers of the City have been and are hereby pledged; and . <br /> the City Council shall levy additioilal general ad valorem taxes on all taxable property in the <br /> City, if necessary, to pay the principal of aYnd interest on the Bonds when due. � <br /> --�- -� - - - -� ----��-- - --- --�12.-� ----The-City Clerk is authorized and directed to prepare and furnish to the .- ---- - <br /> purchaser and to the attoineys approving the Bonds, certified copies of all proceedings and <br /> records relating to the issuance of said General Obligation Iinprovement Refunding Bonds, <br /> Series 2004B and to the right, power and authority of the City and its officers to issue the <br /> � saine, and said certified copies and cei-tificates shall be deemed the representations of the City . <br /> as to all matters stated therein. <br /> � 13. The Official Statenlent relating to the Bonds, on file in the office of the <br /> Clerlc and presented to this meeting,is hereby approved and its designation as a"near final" <br /> � Official Statement for purposes of Rule 15c2-12 of the Securities and Exchange Commission <br /> • and the furnishing thereof to prospective purchasers of the Bonds are hereUy ratified and . <br /> confii-med, insofar as the same relates to the Bonds and the sale thereof. The Continuing <br /> Disclosure Certificate included in the Official Statement is hereby approved and shall be <br /> executed and delivered in connection with the deliveiy of the Bonds. The Continuing <br /> Disclosure Certificate constit�.ites a con�i actual obligation in accordance with its ternls. _ <br /> 14. The officers of the City are hereby authorized and directed to prepare <br /> and furnish to the Secretary of the Treasury a statement meeting the information reporting <br /> requirements of Section 149(e) of the Internal Revenue Code of 1986, as amended(the <br /> "Code"),by the 15th day of the second calendar month after the close of the calendar quarter <br /> in which the Bonds are issued. �� . <br /> 15. The City shall not take or permit any action that would cause the Bonds <br /> to Ue "private activity bonds" within the meaning of Section 141 of the Code. The City shall <br /> comply with the rebate requirements imposed under Section 148(fl of the Code and . . <br /> ; regulations thereunder, including(if applicable) the requirement to make periodic . � <br /> cal.culations of the amount subject to rebate thereunder and the requirement to make all � <br /> -,t:. ��.,.......:� ..,, �.:.., ... , ,,., ., _,_-. . . . . � .,.��. x,.�. <br /> � ! �reqiiired rebate's to�tlie�IJnited�States.T The City Clerk and City Adriiiriisfra't'o''r of tlie City is � �- � <br /> j hereby authorized to make on behalf of the City all elections that they may deem necessary � <br /> � and expedient under Section 148 of the Code. In addition, the City shall make no investment <br /> of funds that would cause the Bonds to Ue "arbitrage bonds" within the meaning of Section � <br /> � 148 of the Code and regulations thereunder and will restrict the yield on amounts which are <br /> � <br /> � � <br /> ; <br /> Page 12 of 13 <br />
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