1983-102 - Laserfiche WebLink

Home Browse Search

( premium, if any, and interest on the Bonds, pro rata and without preference of any one of the Bonds over any other thereof, the Indenture, in substantially the form attached hereto as Exhibit ~. with such changes, insertions and corrections as may be approved by the Chairman, such approval to be presumed hy his execution thereof, is hereby approved by the Issuer, and the Issuer her·eby authorizes and directs ~he Chairman and Clerk to execute and attest under the official seal of the Issuer, the Indenture, and to deliver to the 1.'rustee the Indenture, all of the provisions of which, when eitecuted and delivered by the Issuer as authorized herein and by the Trustee duly authorized, shall be deemed to be a part of this resolution as fully and to the same extent as if incorporated verbatim herein. The Issuer does hereby provide in the Indenture the terms, conditions, covenants, rights, obligations, duties and agreements to and for the benefit of the holders of the Bonds, the Issuer, the Borrower and the Trustee. SECTION 9. APPROVA.L OF GIJA.RANTY AGREEMENT. The Guaranty Agreement, in substantially the form attached hereto as Exhibit C, with such changes, in!'lertions and corrections as may be approved by the Chair:nan, such approval to be presumed by his execution thereof, to be dated as of even date with the Indenture and Loan Agreement, is hereby approved, and the Issuer hereby authorizes and directs the Chairman and Clerk to execute and attest un<ler the official seal of the Issuer, the Guaranty Agreement. SALE Of BONDS. The Donds may be sold at SECTION 10. negotiated sale, all time, for such price conditions, consistent in its discretion. at one time or in installments from time to or prices and upon such other terms antl with the Act, as the Issuer may determine SEC'rION 11. NO PERSONAL LIAl31LITY. No covenant, stipu- lation, obligation or agreement herein contained or contained in the Loan Agreement, Indenture or Guaranty Agreement shall be deemed to be a covenant, stipulation, obligation or agreement of any member, agent or employee of the Issuer or its governing body in his individual capacity, and neither the members of the 0oilrd of Count.y Commissioners of the Issuer nor any officer of the Issuer executing the same shall be liable personally thereon or on the 13onds or be subject to <1.ny personal liabi 1.ity or accoun- tability by reason of the issuance of the Bonus. SEC'l'ION 12. NO ·mrrrn PAR'rY' 13ENEPICI/\RIES. Except as herein or in the Loan Agreement, Indenture or Guaranty l\gt·eement otherwise expressly provided, nothing in this r-esolution or in -5-