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1989-139
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1989-139
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Last modified
3/28/2022 12:26:14 PM
Creation date
3/28/2022 12:21:07 PM
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Resolutions
Resolution Number
1989-139
Approved Date
10/24/1989
Resolution Type
Authorizing the Issuance, Sale and Delivery of Bonds
Subject
Authorizing the Issuance, Sale and Delivery of Bonds of $913,000
Aggregatre Principal Amount of Industrial Development Revenue Bonds, Series 1989
to Profold, Inc. Project to finance costs of acquisition
and construction of manufacturing facility
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J <br />i <br />• •g <br />the seal of the County, the Agreement, and to deliver the Agreement to the <br />Company. All of the provisions of the Agreement, when executed and delivered <br />by the County as authorized herein and duly authorized, executed and delivered <br />by the Company, :shall be deemed to be a part of this Resolution as fully and to <br />the same extent as if incorporated herein verbatim. <br />SECTION 10. APPROVAL.Q,AjJ1jjQ9jZ&jjQN 19 E4ErVIEN F. This <br />County shall execute and deliver the Indenture to the Trustee, such Indenture <br />to be substantially in the form presented to the Board at this meeting, which <br />form is approved, together with such changes therein as shall be approved by the <br />officers of this County executing the Agreement, their execution thereof to <br />constitute conclusive evidence of such approval. The County hereby authorizes <br />and directs the Chairman of the Board to execute, and its Clerk to attest under <br />the seal of the County, the Indenture and to deliver the Indenture to the <br />Trustee. All of the provisions of the Indenture, when executed and delivered <br />by the County as authorized herein and when duly authorized, executed and <br />delivered by the Trustee, shall be deemed to be a part of this Resolution as <br />fully and to the same extent as if incorporated herein verbatim. <br />SECTION 11, AEPROY [t,_F� Jt T ;_m( PROVAI AND AtlTFi0RI7.ATi0N OF <br />ENDORSEMENT TUR-EOF TO This County shall accept the Note as an <br />evidence of the Company's obligation to repay the loan to be made by this County <br />to the Company with proceeds of the Bonds. The Note shall be substantially in <br />the form incorporated in the Agreement herein authorized and approved, which <br />form is approved together with such changes in the form of the Note as shall be <br />8 <br />
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