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AG 2015 02 16
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AG 2015 02 16
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Last modified
2/18/2015 3:52:02 PM
Creation date
11/27/2017 10:37:01 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
2/16/2015
Board
Board of Commissioners
Meeting Type
Regular
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pursuant to the 2007 First Contract Amendment, the 2008A First Contract Amendment, the <br />2008C First Contract Amendment, the 2009 First Contract Amendment and the other Financing <br />Documents. The Clerk to the Board is hereby authorized to affix the seal of the County to such <br />documents and certificates as may be appropriate and to attest to the same and to execute and <br />deliver the same as may be needed. In addition, said officers are hereby authorized to cooperate <br />with the Underwriters and /or Placement Agents in preparing and filing such filings under state <br />securities or "blue sky" laws (including special consents to service of process) as the <br />Underwriters and /or Placement Agents may request and as the Chairman of the Board of <br />Commissioners, the County Manager or the Director of Finance shall determine. <br />Section 14. The County covenants that, to the extent permitted by the Constitution and <br />laws of the State of North Carolina, it will do and perform all acts and things to comply with the <br />requirements of the Internal Revenue Code of 1986, as amended (the "Code "), in order to assure <br />that interest paid with respect to the 2015A Limited Obligation Refunding Bonds and /or <br />Certificates, the 2015B Limited Obligation Refunding Bonds and /or Certificates, the 2015C <br />Limited Obligation Refunding Bonds and /or Certificates and the 2015D Limited Obligation <br />Refunding Bonds and /or Certificates, respectively, will not be includable in the gross income of <br />the owners thereof for purposes of federal income taxation, except to the extent that the County <br />obtains an opinion of bond counsel to the effect that noncompliance would not result in interest <br />with respect to the 2015A Limited Obligation Refunding Bonds and /or Certificates, the 2015B <br />Limited Obligation Refunding Bonds and /or Certificates, the 2015C Limited Obligation <br />Refunding Bonds and /or Certificates, or the 2015D Limited Obligation Refunding Bonds and /or <br />Certificates, respectively, being includable in the gross income of the owners of the 2015A <br />Limited Obligation Refunding Bonds and /or Certificates, the 2015B Limited Obligation <br />4 <br />F -6 <br />Attachment number 1 <br />Page 77 <br />
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