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1991-151
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1991-151
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Last modified
5/15/2017 3:01:02 PM
Creation date
5/15/2017 2:41:21 PM
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Resolutions
Resolution Number
1991-151
Approved Date
09/24/1991
Resolution Type
Utilities
Entity Name
Water and Sewer Revenue Bonds Series 1991
Subject
Bond Purchase Agreement
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(i) As of the date of this Agreement, all approvals <br />required pursuant to the Act with regard to the issuance of <br />the Series 1991 Bonds have been obtained and have not been <br />repealed, revoked or rescinded; <br />(j) The Issuer shall use the proceeds it receives from <br />,,the issuance of the Series 1591 Bonds for the purposes set <br />,,,forth in the Official Statement; and <br />(k) Any certificate signed by any officer of the <br />Issuer and delivered to the Underwriter will be deemed to be <br />a representation by the Issuer to the Underwriter as to the <br />truth of the statements contained in such certificate. <br />,Section 6. At 10:00 a.m. Eastern Standard time, on <br />October 3, 1991, or at such other time or on such earlier or <br />later date as we mutually agree upon (herein called the ',Closing <br />Date"), the Issuer will delivered or cause to be delivered to the <br />Underwriter at New York, New York, or at such other place as we <br />may mutually agree upon, the Series 1991 Bonds in definitive form <br />(all the Series 1991 Bonds to be printed with steel engraved <br />borders) , together with the other documents hereinafter <br />mentioned; and the Underwriter will accept such delivery and pay <br />the purchase price thereof as set forth in Section 1 hereof by <br />certified or official bank check or checks or wire transfer <br />payable in either case in Federal or other immediately available <br />funds to the order of the Issuer. It is anticipated that CUSiP <br />identification numbers will be printed on the Series 1991 Bonds, <br />but neither the failure to print such number on any Series 1991 <br />Bond nor any error with respect thereto shall constitute cause <br />for a failure or refusal by the Underwriter to accept delivery of <br />and pay for the Series 1991.Bonds in accordance with the terms <br />hereof. The Series 1991 Bonds will be made available for <br />checking and packaging in New York, New York, two business days <br />prior to the Closing. The Series 1991 bonds will be delivered as <br />fully registered bonds in such authorized denominations and <br />registered in such names and in such amounts as the Underwriter <br />may request not less than five business days prior to the <br />Closing. <br />The Underwriter shal.1furnish the issuer. and Bond Counsel <br />(as herein defined), not later than 2 days prior to Closing Date, <br />(1) a certificate satisfactory in form and substance to Bond <br />Counsel to the effect that each maturity of the Series 1991 Bonds <br />was the subject of a bona fide public offering and stating the <br />initial or revised initial reefferinI pri.eee at which at least a <br />substantial amount of each maturity of the Series 291 Bonds was <br />sped Ve the p4Pliw (Onwluding bind Immo-, brokers anci similar <br />persona or cntitimq acting in the implicit/ / sf tiiido wr ters o:. - <br />wholesalers), and (2) such other information as the Issuer or <br />Bond Counsel may request to establish or assure compliance with <br />the Internal Revenue Code of. 1986, as amended, and the <br />6 <br />
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