Financial- COPS (Official Statement/Drafts)

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: (2) all moneys and investments in the Certificate Payment Fund, the Project . Fund and any other fund established and held by the Trustee under any Supplemental Agreement, including any investments made therefrom and investment income derived therefrom; (3) each Credit Facility and all amounts drawn or paid thereunder; and (4) all of the proceeds of the foregoing, including without limitation investment income derived therefrom. SECI'ION 3. SAL,E OF 1998 CER"TIFICATES; APPROVAL OF FIlVANCING DOCUMENTS. The 1998 Certificates shall be sold in a negotiated sale to Prudential Securities Incorporated, as senior managing underwriter (the "Underwriters' Representative"). The Coordinator is hereby authorized, empowered and directed to: (1) cause to be prepared a preliminary official statement in substantially final form describing the 1998 Certificates and setting forth such information concerning the County, the Project and the 1998 Certificates as may be necessary or appropriate in order to disclose all material information which a prospective investor would need in arder to make an informed decision with respect to an investment in the 199$ Certificates; (2) establish: (A) the aggregate principal amount of the 1998 Certificates, the principal amount of the 1998 Certificates to mature in each year, and the principal amounts of the 1998 Certificates to be issued as serial certificates and as term certificates; provided that in no event shall the 1998 Certificates mature over a term in excess of twenty-five and one-half years from the date of issuance thereof; (B) with respect to the 1998 Certificates to be issued as term certificates, the principal amount of the term certificates of each maturity to be subject to mandatory sinking fund redemption in each year; (C) the rate of interest per annum to be applicable to the 1998 Certificates of each maturity; provided that in no event shall the true interest costs of the 1998 Certificates exceed 6.0%; and (D) the dates upon which the 1998 Certificates (or specified maturities thereo~ shall be subject to redemption at the option of the County and prices at which such 1998 Certificates shall be so subject to optional redemption, which prices may include a premium; and RESOLUTION AUTHORIZING FINANCING PAGE 3