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! ,I Authentication of Transcript. .01. The officers of the City are authorized and directed to prepare and furnish to the urchaser and to the attorneys approving the Bonds, certified copies of proceedings and ecords of the City relating to the Bonds and to the fmancial condition and affairs of the ity, and such other certificates, affidavits and transcripts as may be required to show the acts within their knowledge or as shown by the books and records in their custody and der their control, relating to the validity and marketability of the Bonds, and such . struments, including any heretofore furnished, may be deemed representations of the ity as to the facts stated therein. 5.02. The Mayor, City Manager, and Finance Director are authorized and directed to ertify that they have examined the Official Statement prepared and circulated in onnection with the issuance and sale of the Bonds and that to the best of their knowledge and belief the Official Statement is a complete and accurate representation of the facts and representations made therein as of the date of the Official Statement. Section 6. Tax Covenant. 6.01. The City covenants and agrees with the holders from time to time of the Bonds t hat it will not take or permit to be taken by any of its officers, employees or agents any action which would cause the interest on the Bonds to become subj ect to taxation under the Internal Revenue Code of 1986, as amended (the Code), and the Treasury Regulations promulgated thereunder, in effect at the time of such actions, and that it will take or cause its officers, employees or agents to take, all affirmative action within its power that may be necessary to ensure that such interest will not become subject to taxation under the Code and applicable Treasury Regulations, as presently existing or as hereafter amended and made applicable to the Bonds. 6.02. (a) The City will comply with requirements necessary under the Code to establish and maintain the exclusion from gross income of the interest on the Bonds under Section 103 of the Code, including without limitation requirements relating to temporary periods for investments, limitations on amounts invested at a yield greater than the yield on the Bonds, and the rebate of excess investment earnings to the United States. 6.03. The City further covenants not to use the proceeds of the Bonds or to cause or permit them or any of them to be used, in such a manner as to cause the Bonds to be "private activity bonds" within the meaning of Sections 103 and 141 through 150 of the Code. 6.04. In order to qualify the Bonds as "qualified tax-exempt obligations" within the meaning of Section 265(b )(3) of the Code, the City makes the following factual statements and representations: 8JB-252 7vl NE 136- i! !