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AG 2009 05 18
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AG 2009 05 18
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Last modified
2/5/2010 12:56:16 PM
Creation date
11/27/2017 11:25:26 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
2/5/2010
Board
Board of Commissioners
Meeting Type
Regular
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1 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />further action, including approval of modifications to the Financing Documents, and to execute <br />and deliver for and on behalf of the County such other documents and certificates (including, <br />without limitation, agreements with securities depositories, financing statements, appropriate tax <br />certificates and agreements and other documents and agreements (including repurchase <br />agreements) relating to the investment of the proceeds from the execution and delivery of the <br />Contract) as they may deem necessary or advisable to carry out the intent of this resolution and <br />to effect the financing pursuant to the Contract and the other Financing Documents. The County <br />Clerk is hereby authorized to affix the seal of the County to such documents and certificates as <br />may be appropriate and to attest to the same and to execute and deliver the same as may be <br />needed. In addition, said officers are hereby authorized to cooperate with the Underwriters in <br />preparing and filing such filings under state securities or "blue sky" laws (including special <br />consents to service of process) as the Underwriters may request and as the Chairman of the <br />Board of Commissioners, the County Manager or the Director of Finance shall determine. <br />Section 9. 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 2009 Certificates will not be includable in the gross income <br />of the owners thereof for purposes of federal income taxation, except to the extent that the <br />County obtains an opinion of bond counsel to the effect that noncompliance would not result in <br />interest with respect to the 2009 Certificates being includable in the gross income of the owners <br />of the 2009 Certificates for purposes of federal income taxation. <br />Section 10. This Resolution shall become effective immediately upon its adoption. <br />7 <br />G-2 <br />Attachment number 4 <br />Page 149 of 199 <br />
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