Title
A RESOLUTION APPROVING AN INDENTURE BY
THE CITY OF FOLEY, ALABAMA AND REGIONS BANK
Body
BE IT RESOLVED by the City Council of the City of Foley, Alabama, as governing body of Foley, Alabama (the “City”) that the City, having reviewed that certain Indenture attached hereto as Exhibit B (the “Indenture”) proposed to be delivered by the City and Regions Bank, as Paying Agent, for the purposes therein, does hereby (a) find, determine and represent (i) the City caused the Notice attached hereto as Exhibit A to be published on August 19, 2020 in the Onlooker, the newspaper having the largest circulation in the City, (ii) the information in such Notice is true and correct, and (iii) publication of such Notice is hereby ratified and confirmed; (b) approve, authorize and confirm the representations of fact, agreements, and obligations of the City in, and the terms and provisions of, the Indenture; (c) authorize and direct the officers of the City to (i) execute, under seal, and deliver the Indenture in form and of content as set forth on Exhibit B hereto with such changes (by addition or deletion) as will not create, extend or increase any existing obligation of the City under the Indenture and as such officers shall conclusively approve by execution and delivery thereof and (ii) take such action, and execute and deliver such certificates and documents, at such times and in such form and manner as shall be required by applicable law, legal counsel to the City, or otherwise necessary to establish the validity, or effect the purposes, of the Indenture; (d) repeal the provisions of any resolution, order or ordinance of the City to the extent any thereof are inconsistent or in conflict with the terms and purposes of this Resolution; (e) to determine the authority of the City to deliver and perform the obligations thereof under the Indenture, the validity of the means of payment thereof, and the legality of all proceedings thereof in connection therewith, authori...
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