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<br /> VOTE OF THE BOARD OF SELECTMEN
<br /> I, the Clerk f the Board Of'Sele toren Of the Town of Mashpee, Massachusetts (the
<br /> 'Town"), certify that at a meeting of the board held September 23, 2013, f which meeting all
<br /> members ofthe board were duly notified and at which a quorum was present, the following votes
<br /> were unanimously passed, all of which appear upon the official record of the board in my
<br /> custody:
<br /> Voted: That In order to reduce interest costs, the Treasurer is authorized to issue
<br /> refunding bonds, at one time or from time to time,, pursuant to Chapter 44, Section 2 1 A
<br /> of the General Laves, or pursuant to any other enabling authority, to refund 1 all of the
<br /> Town's $4,830,000 General Obligation Bonds dated September 1, 2003 and maturing on
<br /> and after September 1, 2014 in the aggregate principal amount of 1,765,000, and 11 a
<br /> portion ofthe Town's 16,725,000 General Obligation Refunding Bonds, Series A dated
<br /> November 1, 2003 and maturing on October 15, 2014 in the principal amount of
<br /> 1,425,000, October 15, 2015 in the principal amount of$1,415,000, and October 15,
<br /> 2016 in the principal amount of$1,410,000 (collectively, the "Refunded Bonds"") and that
<br /> the proceeds of any refunding bonds issued pursuant to this vote shall be used to pay the
<br /> principal, redemption premium and interest on the Refunded Bonds and costs of issuance
<br /> of the refunding bonds.
<br /> Further Voted: that the sale of the $5,995,000 General Obligation Refunding
<br /> Bonds of the Town dated September 27, 2013 (the "Bonds"), to Raymond,lames
<br /> Associates, Inc. at the price of$6,275,985.30 and accrued interest is hereby approved and
<br /> confirmed. The Bonds shall be payable on September 1 of the years and in the principal
<br /> amounts and bear interest at the respective rates, as follows:
<br /> Interest Interest
<br /> Year Amount Rate Year Amount Rate
<br /> 2014 1,725,000 3.00% , 2018 $2055000 2.00%
<br /> 2015 1,685,000 3.00 2019 2005000 2.00
<br /> 2016 1559000 3.00 2020 2003000. 3.00
<br /> 2017 210,000 3.00 2021 1803000 3.00
<br /> Further voted: that in connection with the -marketing and sale of the Bonds, the
<br /> preparation and distribution of a Notice f Sale and Preliminary Official Statement dated
<br /> September 6, 2013, and a final Official Statement dated September 19, 2013 (the
<br /> F
<br /> "Official Stat meat"), each in such form as may be approved by the Town Treasurer, be
<br /> and hereby are ratified, confirmed, approved and adopted.
<br /> Further Voted: that the Bonds may be secured 1n whole or in part by insurance or
<br /> by letters or lines of credit or other credit facilities, as shall, in the diser tin ofthe
<br /> Treasurer, be in the best interests of the Town.
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