AG 2001 01 22 - Laserfiche WebLink

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Installment Financing Contract), Series 2001 (the "2001 Certificates"), the proceeds of which will be used to advance the moneys to the County under the Contract; (4) a Preliminary Official Statement to be dated on or about February 13, 2001 (the "Preliminary Official Statement") which, as supp~et~ented with certain pricing and other permitted omitted information, is to be the Official Statement to be dated on or about Febp~_n_ry 29, 2001 (the "Official Statement"), pursuant to which the 2001 Certificates are to be offered and sold to the public; and (5) a Contract of Purchase, including the exhibits attached thereto, to be dated on or about February 29, 2001 (the "Purchase Contract") between the Corporation and Morgan Keegan & Company, Inc., on its own behalf and as representative of the other underwriters named therein (collectively, the "Underwriters"), pursuant to which the Underwriters agree to purchase the 2001 Certificates for sale to the public; WI-~.REAS, the obligations of the County to w_~l:e Installment Payments and other payments pursuant to the Contract shall constitute limited obligations of the County payable solely from currently budgeted appropriations of the Cgunty and shall not constitute a pledge of the faith and credit of the County within the meaning of any constitutional debt limitation; WHF. REAS, no deficiency judgment may be rendered against the County in any action for breach of a contractual obligation under the COntract, and the taxing power of the County is not and may not be pledged in any way directly or indirectly or contingently to secure any moneys due under the Contract; and WHEREAS, the Board of Commissioners desires to approve the Financing Documents and to authorize other actions in connection therewith; NOW, TI-~RP. FORE, BE IT RESOLVED by the Board of Commissioners, as follows: Section 1. All actions taken by or on behalf of the County to date to effectuate the proposed financing, including the 'selection of the Underwriters and Smith Helms Mulliss & Moore, T.T.P, as special counsel, are hereby ratified, approved and authorized pursuant to and in accordance with the transactions contemplated by the Financing Documents.