11/3/1982 - Laserfiche WebLink

Home Browse Search

deemed to be a part of this resolution as fully and to the same extent'as if incorporated verbatim herein. SECTION 7. APPROVAL OF GUARANTY. The Guaranty .Agreement, by and between the Issuer and Rampmaster, Inc., in substantially the form thereof attached hereto as Exhibit B, with such changes, alterations 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 such Chairman to execute and the Clerk of the Board to attest, under the seal of the Board, 'the Cuaranty Agreement and to deliver the Guaranty Agreement to Rampmaster, Inc. SECTION 8. NO PERSONAL LIABILITY. No covenant, stipu- lation, obligation or agreement herein contained or contained in the Loan Agreement or Guaranty Agreement shall be deemed to be a covenant, stipulation,. obligation or agreement of any member, agent or employee of the Issuer or its governing body in his individual capacity, a-nd neither the members. of the Issuer nor any official executing the Bonds shall be liable personally thereon or be subject to any personal liability or accountability by reason of the issuance thereof. SECTION 9. NO THIRD PARTY BENEFICIARIES. Except as herein or in the Loan Agreement or Guaranty Agreement otherwise expressly provided, nothing in this resolution or in the Loan Agreement or Guaranty Agreement, expressed or implied, is intended or shall he construed to confer upon any person or -,firm or corporation other than the Issuer, the Proprietor and the holders of the Bonds any right, remedy or claim, legal or equitable, under and by reason of this instrument or any provi- sion thereof or of the Loan Agreement or. Guaranty Agreement, this resolution, the Loan Agreement and the Guaranty Agreement intended to be and being for the sole and exclusive benefit of the Issuer, the Proprietor and the holders from time to time of the Bonds. SECTION 10. PREREQUISITES PERFORMED. All acts, condi- tions and things relating to the passage of this instrument, to the issuance of the Bonds, and to the execution of the Loan Agreement or Guaranty Agreement, required by the Constitution or laws of the State of Florida to happen, exist and be performed precedent to and in the passage hereof, and precedent to the issuance of the Bonds, and precedent to the execution and deli- very of the Loan Agreement or Guaranty Agreement, have happened, exist and have been performed as so required. -4- 51a NOV 3 1982