Laserfiche WebLink
■ L <br /> Town of Mashpee, Massachusetts <br /> CERTIFICATE of VOTE <br /> Ropes & Gray LLP <br /> One International Place, Boston, Massachusetts 02110-2624 <br /> ated: larch 17 2006 <br /> We, the undersigned, respectively, the Town Treasurer and at least a majority of the Board <br /> =` of Selectmen (the "Board") of the Town of Mashpee, Massachusetts, (the "Town"), certify that the <br /> following is a true copy of excerpts from the minutes of a regular/special _ meeting f the Board <br /> duly called and held on March 1 , 2006,-at a.m./p.m. at , <br /> which meeting was attended by of the five .mem' b rs of the Board, constituting a <br /> quorum and the Town Treasurer. The.following vote was adopted at said meeting by <br /> votes in the affrrrrrative and votes in the negative (the "Vote"): <br /> "VOTED <br /> (1) That the Town shall issue replacement s aver bonds for thepurp ose of financing <br /> consultant services and- associated costs related to the development of a watershed <br /> Nitrogen Management Plan Effluent Pipeline preliminary design {the "Prod eet�f , ixr <br /> the principal amount of $357.,,541 (Number -1) (the "Bond"), under and pursuant to <br /> Chapter 44, Section 7(22) and Chapter 29C, of the Massachusetts General Laws, a <br /> amended, and by a vote of the Town, duly adopted under Article 16 of the warrant at <br /> the 1999 Annual 'Town Meeting ($405,140). The Bond evidences that unspent <br /> portion of the S398,676 General Obligation Sewer Bonds originally issued by the <br /> Town to the Massachusetts water Pollution Abatement Trust (the "Trust") dated July <br /> 15, 2001, which replacement is called for by the teens of the Loan Agreement, dated <br /> as of July 2 , 2003 between- the Trust and the Borrower, h-1 order to assist the <br /> Massachusetts water-Pollution Abatement 'Trust (the "Trust") with certain federal tax <br /> code compliance issues. <br /> (2) The Bond shall be dated as of July 24, 2003 aaad issued initially as one registered <br /> Bond, sball nature in annual installments and bear interest on such day or days in <br /> each year as may be approved by the Treasurer and a majority of the Board in <br /> accordance with the schedule set forth in Schedule C to a certain Lan Agreement <br /> dated July 24, 2003, such approval to be evidenced by their execution of the Bond. <br /> The Bond shall be issued-in such manner and fol -1 as the signatories shall approve <br /> by their execution thereof. <br /> (3') That the Bond shall be sold to the Trust at the price of par, plus ae nied interest to <br /> the date of their delivery. <br /> * Strike out inapplicable word. <br /> 99460-1S.1 <br />