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(d) Guaranty Agreement; and <br /> <br /> (e) Pledge Agreement. <br /> <br />The forms of the documents listed in (a) through (e) above <br />are approved, with such variations, insertions and additions <br />as are deemed appropriate by the parties and approved by the <br />City Attorney. <br /> <br />Section 4. Authorizations. <br /> <br /> 4.01. Upon the completion of the Agreement and the <br />Pledge Agreement approved in Section 3.03 hereof and the <br />execution thereof by the Borrower and the Lender, as the <br />case may be, the Mayor and the City Administrator/Clerk <br />shall execute the same on behalf of the Issuer and shall <br />execute the Note, in substantially the form approved in <br />paragraph 5.01 hereof, on behalf of the Issuer and shall <br />execute such other certifications, documents or instruments <br />as Bond Counsel or counsel for the Lender shall require, <br />subject to the approval of the City Attorney, and all certi- <br />fications, recitals and representations therein shall con- <br />stitute the certificates, recitals and representations of <br />the Issuer. Execution of any instrument or document by one <br />or more appropriate officers of the Issuer shall constitute <br />and shall be deemed the conclusive evidence of the approval <br />and authorization by the Issuer and the City Council of the <br />instrument or document so executed. <br /> <br />Section 5. The Note. <br /> <br /> 5.01. Form and Authorized Amount. The Note shall be <br />issued in the principal amount of $380,000 substantially in <br />the form presented to the City Council and attached hereto <br />as Exhibit A, with such appropriate variations, omissions <br />and insertions as are permitted or required by this Resolu- <br />tion. The terms of the Note are set forth therein, and such <br />terms, including, but not limited to, provisions as to in- <br />terest rate, dates and amount of payment of principal and <br />interest and prepayment privileges, are incorporated by <br />reference herein. <br /> <br /> 5.02. Execution. The Note shall be executed on behalf <br />of the Issuer by the manual signatures of the Mayor and the <br />City Administrator/Clerk and shall be sealed with its corpo- <br />rate seal. The Note shall also be authenticated by the <br />manual signature of an authorized officer of the Lender. In <br />case any officer whose signature shall appear on the Note <br />shall cease to be such officer before the delivery thereof, <br />such signature shall, nevertheless, be valid and sufficient <br />for all purposes. <br /> <br />- 7 - <br /> <br /> <br />