(a) The Mayor is authorized to prescribe the final form and content of all Financing
Documents and all Closing Documents to which the District is a party that may be necessary
or appropriate to issue, sell, and deliver the Bonds.
(b) The Mayor is authorized to execute, in the name of the District and on its behalf,
the Financing Documents and any Closing Documents to which the District is a party
by the Mayor's manual or facsimile signature.
(c) If required, the official seal of the District, or a facsimile of it, shall be
impressed, printed, or otherwise reproduced on the Bonds, the other Financing Documents,
and the Closing Documents to which the District is a party.
(d) The Mayor's execution and delivery of the Financing Documents and the Closing
Documents to which the District is a party shall constitute conclusive evidence of
the Mayor's approval, on behalf of the District, of the final form and content of
the executed Financing Documents and the executed Closing Documents.
(e) The Mayor is authorized to deliver the executed and sealed Financing Documents
and Closing Documents, on behalf of the District, before or simultaneously with the
issuance, sale, and delivery of the Bonds, and to ensure the due performance of the
obligations of the District contained in the executed, sealed, and delivered Financing
Documents and Closing Documents.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.