“A RESOLUTION AUTHORIZING HON. REY T. UY, CITY MAYOR TO ENTER INTO AND SIGN FOR AND IN BEHALF OF THE CITY GOVERNMENT OF TAGUM A CONTRACT OF LOAN WITH THE PHILIPPINE NATIONAL BANK (PNB) IN THE AMOUNT OF ONE HUNDRED SIXTY – TWO MILLION (P162,000,000.00) PESOS FOR THE PURPOSE OF FUNDING THE ON-GOING CONSTRUCTION OF THE NEW CITY HALL BUILDING AND TO SIGN THE LOAN AGREEMENT, DEED OF ASSIGNMENT, THE PROMISSORY NOTE AND CERTIFYING THE NAME/S, SPECIMEN SIGNATURE/S AND AUTHORITY OF THE PERSON/S EXECUTING THE COVERING LOAN AGREEMENT.”