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SECTION 11. In order to obtain the lowest possible interest rate in <br />connection with the initial issuance of the Bonds, the Borrower has agreed to permit <br />the Bonds to contain provisions allowing them to be tendered back to the Tender <br />Agent, as hereinafter defined, by the bondholders and to then be remarketed, and to <br />the extent that they cannot be remarketed, the Trustee has agreed to purchase the <br />Bonds on behalf of the Borrower through payments from the Borrower or a draw on <br />the Letter of Credit. In order to accommodate such plan of financing, the Borrower <br />has agreed to enter into a Remarketing Agreement (the "Remarketing Agreement") <br />with First Union Capital Markets, Corp. (the "Remarketing Agent"). There is <br />hereby delegated by the Issuer to the Remarketing Agent under the Remarketing <br />Agreement such authority as is necessary for the establishment of the interest rate <br />on the Bonds pursuant to the terms of the Trust Agreement and to carry out all <br />duties established by the Remarketing Agreement. <br />SECTION 12. First Union National Bank (in such capacity, the <br />"Tender Agent") is hereby appointed as the initial Tender Agent under the terms of <br />the Trust Agreement and is hereby authorized to take all actions as such. In order <br />to facilitate the ability under this Resolution for bondholders to tender the Bonds <br />back to the Tender Agent, the Borrower and the Tender Agent will enter into the <br />Tender Agency Agreement, the execution and delivery of the Tender Agency <br />Agreement by the Borrower and the Tender Agent is hereby approved. <br />SECTION 13. Certain rights of the Issuer under the Agreement shall <br />be assigned by the Issuer to the Trustee under the terms of the Trust Agreement, <br />all as set forth in the Trust Agreement. <br />SECTION 14. The Chairman and the Clerk are, subject to the terms <br />hereof, hereby authorized and empowered to execute and deliver the Bonds, the <br />Trust Agreement, the Agreement, the Bond Purchase Agreement, and all <br />documents contemplated thereby, in each case, subject to such changes and <br />modifications as either of such officers may approve, such execution to be conclusive <br />evidence of any such approval, and to affix thereto or impress thereon, the seal of <br />the Issuer. <br />SECTION 15. The Issuer hereby approves the form and content of and <br />authorizes the distribution of the Offering Statement relating to the Bonds in <br />substantially the draft form attached hereto as Exhibit "E" (the "Offering <br />Statement") in accordance with the intended purposes thereof with such changes, <br />omissions and insertions to the Offering Statement as the Chairman may, in his <br />discretion, approve, and the execution and delivery of the Bonds by the officers of <br />the County as are herein authorized shall constitute conclusive evidence of such <br />approval. <br />SECTION 16. The Issuer and the officers, employees and agents of the <br />Issuer acting on behalf of the Issuer are hereby authorized and directed to execute <br />L-1 <br />