(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. Each of the Financing Documents and each of the Closing Documents to which the District is not a party shall be approved, as to form and content, by the Mayor.
(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 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, prior to 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.
(Oct. 18, 2005, D.C. Law 16-28, § 7, 52 DCR 8093.)
This section is referenced in § 2-1217.112.
Structure District of Columbia Code
Title 2 - Government Administration
Chapter 12 - Business and Economic Development
Subchapter IX-B - Qualified Zone Academy Revenue Bond Projects
§ 2–1217.103. Bond authorization
§ 2–1217.105. Sale of the bonds
§ 2–1217.106. Payment and security
§ 2–1217.107. Financing and Closing Documents
§ 2–1217.108. Determination of eligible projects
§ 2–1217.109. Allocation of Available Real Property Tax Revenues
§ 2–1217.111. Authorized delegation of authority
§ 2–1217.112. Limited liability
§ 2–1217.113. District officials
§ 2–1217.114. Maintenance of documents