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1988-037
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1988-037
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Last modified
9/6/2022 10:51:02 AM
Creation date
9/2/2022 10:34:01 AM
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Resolutions
Resolution Number
1988-037
Approved Date
05/31/1988
Subject
Provide - retirement of SWDD Revenue Bonds, Series 1977
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A. To cure any ambiguity, defect or omission <br />herein or in any amendment hereto; or <br />B. To grant to or to confer upon the District <br />any additional rights, remedies, powers, authority or <br />security that lawfully may be granted to or conferred <br />upon it; or <br />C. To add to the covenants and agreements of the <br />County herein contained, other covenants and <br />agreements of the County thereafter to be observed or <br />to surrender any right or power herein reserved to or <br />conferred upon the County; or <br />D. To reflect a change in applicable law. <br />The foregoing is subject to the proviso that until the Series of <br />1988 Bonds have been paid or provision for their payment shall have been <br />made pursuant to Section 20 of the Resolution, no amendments, alterations, <br />modifications, or supplements shall be made to this Lease without the <br />written consent of Financial Guaranty Insurance Company, New York, New <br />York, the bond insurer with respect to the Series of 1988 Bonds. <br />10. The County and the District agree that each shall take such <br />actions and execute and deliver such documents and instruments as are <br />necessary to carry out the intent and purpose of this Lease. <br />11. In the event any provision hereof shall be held to be <br />invalid, such invalidity shall not affect any other provision hereof, and <br />remaining provisions hereof shall be construed and enforced as if such <br />invalid provision had not been contained herein. <br />12. Terms and provisions hereof shall be binding upon the <br />parties hereto and their respective successors and assigns. It is the <br />intention of the parties to be legally bound hereby. <br />13. Laws of the State shall govern the construction hereof. <br />4 <br />
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