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, , ., ~ as shown by the books and records in their custody and under their control relating to the validity and marketability of the Bonds, and such instruments, including any heretofore furnished, shall b~ deemed representations of the City as to the facts stated therein. 12. The Mayor, the Acting City Manager, and the City Cler k-Treas urer are hereby author i zed and directed to cer- tify that they have examined the official statement or pro- spectus prepared and circulated in connection with the issu- ance and sale of the Bonds and that to the best of their knowledge and belief said official statement is a complete and accurate representation of the facts and representations made therein as they relate to the City. 13. The City covenants and agrees with the holders from time to time of the Bonds that the City 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 subject to taxation under the Internal Reve- nue Code of 1954, as amended, and regulations, issued there- under, as now existing or as hereafter amended or proposed and in effect at the time of such action. 14. When any Bond has been discharged as provided in this paragraph, all pledges, covenants, and other rights granted by this Resolution to the holder (s) of such Bond shall cease, and such Bond shall no longer be deemed to be outstanding under this Resolution. The City may discharge its obligations with respect to any Bond which are due on any date by depositing with the Bond Registrar on or before that date a sum sufficient for the payment thereof in full; or, if any Bond should not be paid when due, it may never- theless be discharged by depositing with the Bond Registrar a sum sufficient for the payment thereof in full with inter- est accrued to the date of such deposit. The City may also discharge its obligations wi th respect to any prepayable Bonds by depositing with the Bond Registrar on or before the duly declared date of prepayment an amount equal to the principal and interest then due, provided that notice of such redemption has been duly given accord ing to law. The City may also at any time d ischar ge its obligations with respect to any Bonds, subject to the provisions of law now or hereafter authorizing and regulating such action, by depositing irrevocably in escrow, with a bank qualified by law as an escrow agent for this purpose, cash or securities which are authorized by law to be so deposited, bearing interest payable at such times and at such rates and matur- ing on such dates as shall be required to pay all principal and interest on such Bonds as the same become due. - 12 -