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Resolution of Board of County Commissioners Page 3 Section 2. 'Ant the County understands and agrees, upon receipt of such application by the Chairman of the Board of Highway Secondary Rinds Trustees, a Meeting of the Board of Highway Secondary Funds Trustee:: will be called for the purpose of determining* a. 'Ac desirability of the project; b. The necessity of the project; c. The ability of the borrowing county to repay the loan within five (5) years; and d. Any other criteria necessary to test the advianbility of continuing with the processing of the application, which criteria shall be based upon the project contomplated and may inc2udc, but shall not be limited to, rccomw mendations by the Stat» Road Depnrtment cngincers and fiqcnl officers of the State Road 0--partment. Section 3- The County further understands and agrees that if a majority of the Board of Highway Secondary Funds Trustees approves and recommends the project, said Board shall, by resolution indicating approval, report to the State Road Department and in said resolution shall report their expenses incurred in nttending any meeting in the performance of their ditties, which expenses shall be paid from the proeeeds of the nnl,, or tax antici- pation certificates, Section 4- 7110 County conzIents, and rgrees to the pledi3c and the use of eighty (80) per cent surplus gas tax accruing to or for use in the County for the Tjoyment of the debt service require- ments of the fuel tcx anticipation certifientes to be Issued by the State Road Department on behnlf of the County to finance the proposed project. Section 5. The County requests that the fuel tax certificates to be issued mature in the amounts and on the dotes as follows: 1968 $1.00,000 1.969 100,000 1970 100,000 197.1 100,000 1972 10(),000 BOOK 10 we 230