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s <br />G. The interest on the bonds, ':.hen Auly authorize an <br />issued, will be exempt from federal income taxation under <br />existing laws of the United States. <br />SECTIO:1 3. 4UT!IORIZATI!7P: op <br />EXECUTION A':D ?)FLPI R'' 1F <br />I*NDUCEMENT LF,TTER. The Chairman and the Clerk of the t3oar.: of <br />County Commissioners of the Issuer ire herebv authorized to exe- <br />cute and deliver the letter of the Isstier addressed to the <br />Borrower, in substantially the form 3ttachod to this resolution <br />as Exhibit A and incorporated by reference herein, with such <br />changes therein, whether made prior to the —Ocut_i,)n thereof or <br />thereafter, as shall be approve�I from ti;, -ie to t_ille ;)y such Efi- <br />cera <br />� executing the same, such approval to e <br />conclusively <br />denced by their execution ther,�of. <br />SECTION 4. AUTtT.t�RIZ;�'i I');I '1F 'If;('C ACTI07I. The <br />i <br />Chairman and Clerk of the roar- of Commissioner, of the <br />Issuer and all other officers in,! omnlove•-s of the Issuer are <br />hereby authorized to execute such further agreenentr; ind take <br />t such further action as shall be net.essary to carry out the intent <br />and purposes expressed in such lett.-?r attached hereto as exhibit <br />A, upon its becoming an agreement on its execution by the <br />Borrower, and are further authorized to take, :;uch other st^ns ami <br />actions as may be required and necessary in orrier to issue :;uch <br />bonds. <br />SECTION 5. RFFECTIVF DATE. This r.c_;olution s1l;Ill take <br />effect immediately upon its passage. <br />