HomeMy WebLinkAbout042 RESOLUTION NO. AZ
RESOLUTION approving and accepting a resolution of the Reconstruction Finance
Corporation offering to make a loan, and expressly accepting said offer and agreeing to
perform and to comply with the terms and conditions thereof.
WHEREAS, the City of Bremerton, Washington (hereinafter called the "Borrower"), on
behalf of Local Improvement District No. 214, has heretofore filed an application with
Reconstruction Finance Corporation requesting that a loan be made to or for the benefit
of the Borrower for the purpose of aiding in financing the construction of a storm and
sanitary sewer system in said District; and
WftEREAS, on February 7, 1941, said~Reconstruction Finance Corporation duly author-
ized a loan of not to eXceed $22,000 for such purpose or purposes, subject to the terms
and conditions set forth in a resolution of said Corporation adopted on thate date, which
said resolution is in words and figures as follows:
(Set out immediately hereafter a true copy of the R.F.C. resolution referred to)
WHEREAS, the Borrower desires that said loan be made on the terms and conditions set
forth in said resolution, and desires in all ways to comply with the terms and conditions
of said resolution;
NOW, THEREFORE, BE IT RESOLVED: That the Borrower hereby confirms, ratifies and
approves the action of its officers and representatives in making, filing and prosecuting
such application and all statements of fact contained therein and all other facts and
representations of fact offered or made by its officers, representatives and agents to
Reconstruction Finance Corporation in and in support of such application.
FURTHER RESOLVED, That this resolution shall constitute a contract and agreement
between the Borrower and the Reconstruction Finance Corporation whereby the Borrower
accepts such loan and accepts and agrees to all the terms and conditions of said resolution
so adopted by Reconstruction Finance Corporation on the 7th day of February, 1941.
FURTHER RESOLVED, That the Borrower hereby .agrees that it will faithfully perform all
things on its part to be performed thereunder as well as all terms and conditions of any
and all other resolutions and agreements required or contemplated to be adopted and made
by the Borrower pursuant to the terms of said resolution of Reconstruction Finance Corpor-
ation, the Borrower expressly agreeing to execute or adopt such further special or other
agreements or resolutions in accordance with the provisions or requirements of said resol-
ution of Reconstruction Finance Corporation, as such Corporation may from time to time
require.
FURTHER RESOLVED, That the officers of the Borrower be and they are hereby author-
ized and directed to do all acts and things necessary, proper or appropriate, to comply
with and carry out the terms and conditions of this resolution and of the resolution of
Reconstruction Finance Corporation aforesaid, and the secretary of the Borrower is hereby
directed to prepare, certify and forward a copy of this resolution so certified to the
Chief of the Self-Liquidating Division of Reconstruction Finance Corporation.
Attest: