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40 <br />00 <br />payments provided for under the proposed Agreement and Note, or <br />pay the same from any funds of the Issuer other than those <br />derived by the Issuer under the proposed Agreement and Note, or <br />from any guaranty agreement by Rampmaster, Inc.; and such bonds <br />shall not constitute a lien upon any property owned by or <br />situated within the territorial limits of the Issuer except the <br />Project.. <br />I. The interest on the bonds, when duly authorized and <br />issued, will be exempt from federal income taxation under <br />existing laws of the United States. <br />SECTION 3. AUTHORIZATION OF EXECUTION AND DELIVERY OF <br />INDUCEMENT LETTER. The Chairman of the Board of County <br />Commissioners of the Issuer is hereby authorized to execute, and <br />the Clerk of such Board is hereby authorized to attest, the <br />letter of the Issuer addressed to the Proprietor in substantially <br />the form attached to this resolution as Exhibit A and incor- <br />porated herein, with such changes therein, whether made prior to <br />the execution thereof or thereafter, as shall be approved from <br />time to time by such officers executing the same, such approval <br />to be conclusively evidenced by their execution thereof. <br />SECTION 4. AUTHORIZATION OF NECESSARY ACTION. The <br />Chairman and Clerk of the Board of County Commissioners of the <br />Issuer and all other officers and employees of the Issuer are <br />i hereby authorized to exer_.ute such further agreements and take <br />-5- <br />