Laserfiche WebLink
persons or organizations acting in the capacity of underwriters or wholesalers. Said certification <br />of Initial Offering Prices will be included in a certificate to be executed by the successful bidder <br />as of the date of execution and delivery of the Bonds (the "Underwriter's Certificate"). Further, <br />the successful bidder, by submitting its bid, agrees that <br />(i) on or prior to the date of execution and delivery of the Bonds, it will <br />actually offer one hundred percent (100%) of each maturity of the Bonds to the general <br />public in a bona fide public offering for prices equal to or less than the Initial Offering <br />Prices; and <br />(ii) as of the date of execution and delivery of the Bonds, it will make the <br />following representations and certifications in the Underwriter's Certificate (the form of <br />which is attached hereto as Exhibit A): (A) that, as of the Sale Date, the successful <br />bidder, taking into account market conditions, had no reason to believe any of the Bonds <br />would be initially sold to the general public at prices greater than the Initial Offering <br />Prices, (B) that, as of the Sale Date, other than specifically identified maturities of the <br />Bonds, at least ten percent (10%) of each maturity of the Bonds was initially sold to the <br />general public for the respective Initial Offering Prices, and (C) that, in the opinion of the <br />successful bidder, the Initial Offering Prices do not exceed the fair market value of said <br />maturities of the Bonds to the general public as of the Sale Date. <br />CALIFORNIA DEBT AND INVESTMENT ADVISORY COMMISSION; The Agency has <br />duly notified the California Debt and Investment Advisory Commission of the proposed sale of <br />the Bonds. Payment of all fees, to the California Debt and Investment Advisory Commission in <br />connection with the execution, sale and delivery of the Bonds shall be the responsibility of the <br />successful bidder, and not of the Agency. <br />NO LITIGATION; There is no litigation pending concerning the validity of the Bonds, <br />the existence of the Agency or the entitlement of the officers thereof to their respective offices, <br />and the successful bidder will be furnished a no-litigation certificate certifying to the foregoing as <br />of and at the time of delivery of the Bonds. <br />CUSIP NUMBERS: It is anticipated that CUSIP numbers will be printed on the Bonds, <br />but neither the failure to print such numbers on any Bonds nor any error with respect thereto <br />shall constitute cause for a failure or refusal by the purchaser thereof to accept delivery of and <br />pay for the Bonds in accordance with the terms hereof. All expenses in relation to the printing of <br />CUSIP numbers on the Bonds shall be paid for by the Agency; provided, however, that the <br />CUSIP Service Bureau charge for the assignment of said numbers shall be the responsibility of <br />and shall be paid for by the purchaser. <br />OFFICIAL STATEMENT. The Agency will approve an Official Statement relating to the <br />Bonds. Copies of a preliminary Official Statement will be distributed to the Bidder prior to the <br />sale in a form "deemed final" by the Agency for purposes of Rule 15c2-12 under the Securities <br />Exchange Act of 1934 (the "Rule") and approved for distribution by resolution of the Agency. <br />Within seven business days from the sale date, the Agency will deliver to the purchaser not to <br />exceed 200 copies of the final Official Statement, executed by an authorized representative of <br />the Agency and dated the date of delivery thereof to the purchaser, in sufficient number to allow <br />the purchaser to comply with paragraph (b)(4) of the Rule and to satisfy the Municipal Securities <br />Rulemaking Board (the "MSRB") Rule G-32 or any other rules adopted by the MSRB, which <br />shall include information permitted to be omitted by paragraph (b)(1) of the Rule and such other <br />amendments or supplements as shall have been approved by the Agency (the "Final Official <br />-7- <br />