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M <br />The interest on the bonds, r:hen duly authorize^ an <br />issued, will be exempt from federal income taxation under <br />existing laws of the United States. <br />SECTION 3. AUTHORIZATION OF EXECUTION AND DELIVER`T O , <br />I�IDUCEt1ENT F <br />LETTER. The Chairman and the Clerk Of the Board of <br />County Co,m,issioners of the Issuer are hereby authorized to <br />cute and deliver the exe- <br />cute <br />of the Issuer addressed to the <br />Borrower, in substantially the form attached to this resolution <br />as Exhibit A and incorporated by reference herein, with such <br />. changes therein, whether made prior to the execution thereo <br />thereafter, as shall be a from <br />approved prom tiiae to time by such cffi_ <br />cern executing the same, such approval to be conclusively evi- <br />denced by their execution thereof. <br />SECTION 4. AUTi4nPT'711, ,,, <br />--"' L11C <br />Chairman and Clerk of the Board of County Commissioners of --vie <br />Issuer and all other officers and employees of the Issuer are <br />t <br />hereby authoriled to execute such further agreements and take <br />such further action as shall be necessary to carry out the <br />and purposes expressed i� such letterintent <br />attached hereto as Exhibit <br />A, upon its becoming an agreement on its execution by the <br />Borrower, and are further authorizedto tare o <br />such other st._r�s an�� <br />actions as may he required and necessary in or,�er to issue such <br />bonds. <br />r <br />effect <br />SECTIO�1 5. EFFECTIVE DATE. This rOsolution sha1.L immediately upon its Passage. take <br />-4 - <br />MAR 16 1983 y ` 53 Pat 47 <br />