Ord. 2024-332 - "AN ORDINANCE: (1) CONFIRMING THE AUTHORITY OF THE MUNICIPAL MAYOR JOSELITO O. AYALA, TO NEGOTIATE, CONCLUDE, AND OBTAIN, A LOAN WITH THE DEVELOPMENT BANK OF THE PHILIPPINES (DBP), AND, ENTER INTO, SIGN, EXECUTE AND DELIVER THE TERM LOAN AGREEMENT, ASSIGNMENT OF DEPOSIT WITH HOLD-OUT AND CONTROL AGREEMENT, AUTHORITY TO DEBIT, PROMISSORY NOTE/S, OTHER COLLATERAL AGREEMENT/S, AND OTHER DOCUMENT/S RELATED THERETO; (2) APPROVING AND RATIFYING THE TERMS AND CONDITIONS OF THE DBP LOAN UNDER THE TERM LOAN AGREEMENT, ASSIGNMENT OF DEPOSIT WITH HOLD-OUT AND CONTROL AGREEMENT, AUTHORITY TO DEBIT, PROMISSORY NOTE/S, OTHER COLLATERAL AGREEMENT/S, AND OTHER DOCUMENT/S RELATED THERETO ENTERED INTO, SIGNED AND EXECUTED BETWEEN THE MUNICIPAL GOVERNMENT OF QUEZON, PALAWAN AND THE DEVELOPMENT BANK OF THE PHILIPPINES (DBP); AND (3) AUTHORIZING THE INCUMBENT MAYOR TO SIGN THE PROMISSORY NOTE/S, DISCLOSURE STATEMENT/S AND OTHER DOCUMENT/S REQUIRED TO BE SIGNED FOR AND IN BEHALF OF THE MUNICIPALITY OF QUEZON, PALAWAN FOR THE FULL IMPLEMENTATION OF THE DBP LOAN"