Proceedings for Authorization of Additional Certificates. Whenever the City and the Corporation shall determine to authorize the execution and delivery of any Additional Certificates pursuant to Section 2.11 hereof, the City, the Corporation and the Trustee shall enter into a Supplemental Trust Agreement without the consent of the Owners of any Certificates, providing for the execution and delivery of such Additional Certificates, specifying the maximum principal amount of such Additional Certificates and prescribing the terms and conditions of such Additional Certificates. Such Supplemental Trust Agreement shall prescribe the form or forms of such Additional Certificates and, subject to the provisions of Section 2.11 hereof, shall provide for the distinctive designation, denominations, method of numbering, dates, Principal Payment Dates, interest rates, Interest Payment Dates, provisions for prepayment (if desired) and places of payment of principal and interest. Before such Additional Certificates shall be executed and delivered, the City and the Corporation shall file or cause to be filed the following documents with the Trustee:
(a) an Opinion of Counsel setting forth (1) that such Counsel has examined the Supplemental Trust Agreement and the amendment to the Sublease required by Section 2.11(e) hereof; (2) that the execution and delivery of the Additional Certificates have been sufficiently and duly authorized by the City and the Corporation; (3) that said amendment to the Sublease and the Supplemental Trust Agreement, when duly executed by the City and the Corporation, will be valid and binding obligations of the City and the Corporation; (4) that the amendment to the Sublease has been duly authorized, executed and delivered and has been duly recorded; and (5) that the amendment to the Sublease does not adversely affect the tax-exempt status of interest evidenced by any then Outstanding Certificates;
(b) a Certificate of the City that the requirements of Section 2.11 hereof have been met, which shall include a Certificate by the City as to the fair rental value of the Leased Property, after giving effect to the new execution and delivery of the Additional Certificates and to the use of proceeds received therefrom;
(c) certified copies of the resolutions of the Corporation and the City authorizing the execution of the amendments to the Sublease required by Section 2.11 hereof;
(d) an executed counterpart or duly authenticated copy of the amendment to the Sublease required by Section 2.11(e) hereof;
(e) certi...
Proceedings for Authorization of Additional Certificates. Whenever the Corporation and the County shall determine to execute and deliver any Additional Certificates pursuant to Section 3.04, the Corporation, the County and the Trustee shall enter into a Supplemental Trust Agreement providing for the execution and delivery of such Additional Certificates, specifying the maximum principal amount of such Additional Certificates and prescribing the terms and conditions of such Additional Certificates. Such Supplemental Trust Agreement shall prescribe the form or forms of such Additional Certificates and, subject to the provisions of Section 3.04, shall provide for the distinctive designation, denominations, dates, payment dates, interest rates, interest payment dates, provisions for prepayment (if desired) and places of payment of principal and interest. Before such Additional Certificates shall be executed and delivered, the County and the Corporation shall file or cause to be filed the following documents with the Trustee:
(a) an Opinion of Counsel setting forth (1) that such Counsel has examined the Supplemental Trust Agreement and the amendment to the Facilities Lease required by Section 3.04; and (2) that said amendment to the Facilities Lease, Site Lease and the Supplemental Trust Agreement, when duly executed by the County and the Corporation, will be valid and binding obligations of the County,
(b) a certified copy of a resolution of the Board of Supervisors of the County authorizing the execution of the amendments to the Facilities Lease required by Section 3.04,
(c) an executed counterpart or duly authenticated copy of any amendment to the Facilities Lease and Facilities Lease required by Section 3.04, and
(d) a Certificate of the County stating that the insurance required by the Facilities Lease is in effect.
