2001 - 10-01-01 Regular Meeting - Laserfiche WebLink

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CGG;( 18 P.IGE 6 C 14 such modification will. be done in a manner consistent with Rule 15c2=12 issued under the Securities Exchange Act of 1934, as it may be amended from time to time ('Rule 150-12"), and provided further that: (a) any such modification may only be made in connection with a change in circumstances that arises from a change in legal requirements, change in law, or change in the identity, nature, or status of the Issuer, (b) the information to be provided, as modified, would have complied with the requirements of Rule 15c2-12 as of the date of the Official Statement relating to the Bonds, after taking into account any amendments or interpretations of Rule 15c2-12, as well as any changes in circumstances; and (c) any such modification does not materially impair the interests of the beneficial owners, as determined either by parties unaffiliated with the Issuer (such as bond counsel), or by the approving vote of the registered owners of a majority in principal amount of the Bonds pursuant to the terms of this Resolution, as it may be amended from time to time, at the time of the amendment. .Any annual financial information containing modified operating data or financial information shall explain, in narrative form, the reasons for the modification and the impact of. the change in the type of operating data or financial information being provided. The provisions of this Section 11 shall terminate upon payment, or provisions having been made for payment in a manner consistent with Rule 15c2-12, in full of the principal of and interest on all of the Bonds. 12. The blanket Letter of Representations, as requested by DTC, is hereby approved and confirmed. 13. The Chairman of the Board of Commissioners, the County Manager, the Clerk of the Board of Commissioners, the Finance Officer and the other officers of the Issuer are hereby authorized and directed to execute and deliver for and on behalf of the Issuer any and all financing statements, certificates, documents or other papers and to perform any and all acts they may deem necessary or appropriate in order to carry out the intent of this resolution and the matters herein authorized. 14. The power to make any election on behalf of the Issuer with respect to the arbitrage rebate provisions of the Code applicable to the Bonds is hereby delegated to the . Chairman of the Board of Commissioners and the Finance Officer of the Issuer. 14