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40 <br />in the Indenture or in the Bond Purchase Agreement, nothing in <br />this resolution or in the Loan Agreement or in the Indenture, <br />expressed or implied, is intended or shall be construed to <br />confer upon any Person, firm or corporation other than the <br />Issuer, the respective parties to such agreements, the <br />Registrar and Paying Agent (with respect to the Indenture), and <br />the holders of the Bonds, any right, remedy or claim, legal or <br />equitable, under and by reason of this resolution or any <br />provision thereof or of the Loan Agreement, the Bond Purchase <br />Agreement or of the Indenture, this resolution, the Loan <br />Agreement and the Indenture, intended to be and being for the <br />sole and exclusive benefit of the respective aforesaid parties. <br />Section 13. PREREQUISITES PERFORMED. All acts, <br />conditions and things relating to the passage of this <br />resolution, to the issuance of the Bonds, and to the execution <br />and delivery of the Loan Agreement, the Bond Purchase <br />Agreement, the Indenture and the Official Statement, required <br />by the Constitution or laws of the State of Florida to happen, <br />exist, and be performed precedent to and in the passage hereof, <br />and precedent to the issuance of the Bonds, and precedent to <br />the execution and delivery of the Loan Agreement, the Bond <br />Purchase Agreement, the Indenture and the Official Statement, <br />have happened, exist and have been performed as so required. <br />Section 14. GENERAL AUTHORITY. The members, <br />officers, attorneys, agents and employees of the Issuer are <br />hereby authorized to do all acts and things required of them by <br />this resolution, the Loan Agreement, the Bond Purchase <br />Agreement or the Indenture, or desirable or consistent with the <br />requirements hereof or such Loan Agreement, Bond Purchase <br />Agreement or Indenture, for the full, punctual and complete <br />performance of all the terms, covenants and agreements on the <br />part of the Issuer contained in the Bonds, the Loan Agreement, <br />Bond Purchase Agreement, the Indenture, and this resolution. <br />Section 15. THIS RESOLUTION CONSTITUTES A CONTRACT. <br />The Issuer covenants and agrees that this resolution shall <br />constitute a contract between the Issuer and the holders from <br />time to time of any of the Bonds then outstanding and that all <br />covenants and agreements set forth herein and in the Loan <br />Agreement and the Indenture to be performed by the Issuer shall <br />be for the equal and ratable benefit and security of all <br />holders of the Bonds without privilege, priority or distinction <br />as to lien or otherwise of any of the Bonds over any other of <br />the Bonds. <br />Section 16. TRUSTEE AND REGISTRAR AND PAYING AGENT. <br />Third National Bank in Nashville, a national banking <br />association having trust powers, with its principal office and <br />place of business in Nashville, Tennessee, is hereby designated <br />Trustee for the Bonds under and pursuant to the Indenture. <br />Chemical Bank, a banking corporation duly organized and <br />-8- <br />