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rNov 3 1982 51 tute a lien upon any property owned by the Issuer or situated within its territorial limits, except the Project in the manner provided in the Loan Agreement. G. The payments to be made by the Proprietor under the Loan Agreement will be sufficient to pay all principal of and interest on and premium, if any, for the Bonds, as the same shall become due, and to make all other payments required by the Loan Agreement.' H. The costs to be paid from the proceeds of the Bonds will be costs of the Project, within the meaning of the Act. I. The interest on the Bonds will be exempt from federal income taxation under existing laws of the United States. SECTION 4. FINANCING OF THE PROJECT AUTHORIZED. The financing of the cost of the Project in the manner provided in the Loan Agreement is hereby authorized. SECTION 5. AUTHORIZATION OF BONDS. Obligations of the Issuer to be known as "Industrial Development Revenue Bonds, Series 1982 (Rampmaster Project)," are hereby authorized to be issued in an aggregate principal amount not exceeding $850,000, in the form of a single, fully registered bond and in the manner described in the Loan Agreement. The Bonds will be dated such date and mature in such years and amounts, will contain such redemption provisions, and will bear interest at such rates (not exceeding the maximum interest rate permitted by the Act or by other applicable provision of law) and payable at such times, as provided in the Loan Agreement or as fixed by subsequent resolu- tion of the Issuer adopted prior to the sale of the Bonds. If the Bonds shall be dated other than as provided in the Loan Agreement, then the date of the Loan Agreement- will be changed to correspond to the date of the Bonds, and all dates appebring in the Loan Agreement will be adjusted accordingly and correspon- dingly. orrespon- dingly. SECTION 6. AUTHORIZATION OF EXECUTION AND DELIVERY OF LOAN AGREEMENT. The Loan Agreement, in substantially the form thereof attached hereto as Exhibit A, with such ,changes, altera- tions and corrections as may be approved by the Chairman of the Board, such approval to be presumed by his execution thereof, is hereby approved by the Issuer, and the Issuer hereby authorizes and directs the Chairman to execute and the Clerk of the Board to attest, under the seal of the Board, the Loan. Agreement and to deliver to the Proprietor the Loan Agreement, all of the provi- sions of which, when executed and delivered by the Issuer as authorized herein and by the Proprietor duly authorized, shall be