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AG 2009 10 19
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AG 2009 10 19
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Last modified
2/8/2010 12:32:14 PM
Creation date
11/27/2017 11:27:00 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
2/8/2010
Board
Board of Commissioners
Meeting Type
Regular
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without limitation, agreements with securities depositories, financing statements, apps <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 />Contracts) as they may deem necessary or advisable to carry out the intent of this resolution and <br />to effect the refinancing pursuant to the 2001 Contract Amendment and the other Financing <br />Documents. The County Clerk 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 in preparing and filing such filings under state securities or "blue sky" <br />laws (including special consents to service of process) as the Underwriters may request and as <br />the Chairman of the Board of Commissioners, the County Manager or the Director of Finance <br />shall determine. <br />Section 8. 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 2009B Certificates will not be includable in the gross <br />income of the owners thereof for purposes of federal income taxation, except to the extent that <br />the County obtains an opinion of bond counsel to the effect that noncompliance would not result <br />in interest with respect to the 2009B Certificates being includable in the gross income of the <br />owners of the 2009B Certificates for purposes of federal income taxation. <br />Section 9. This Resolution shall become effective immediately upon its adoption. <br />Thereupon, upon motion of Commissioner seconded by <br />Commissioner the foregoing resolution entitled "RESOLUTION <br />7 <br />329 <br />G-3 <br />
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