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agreements set forth herein and in the Loan Agre~ment and the <br />Indenture to be performed by the Issuer shall be for the equal <br />and ratablo benefit and security of all holders of the Bonds <br />without privilege, priority or distinction as to lien or other- <br />wise of any of the Bonds over any other of the i3onds, <br />SECTION 18, SEVERABILITY OF INVALID PROVISIONS. If any <br />one or more of the covenants, agreeme_,ts or provisions herein con- <br />tained shall be held contrary to any express provisions of law or <br />contrary to the policy of express l aw , though not expressly <br />prohibit.:!d, or against public policy, or shall for any reason <br />whatsoever be held invalid, then such covenants, agreements or <br />provisions shall be null and void and shall be deemed separable <br />from the remaining covenants, agreements or provisions and shall <br />in no way affect the vislidity of any of the other pr-ovisions <br />hereof or of the Bonds issued hereunder. <br />SECTION 19. RE:PEA.LING CLAUSE. All resolutions or parts <br />thereof of the Issuer in conflict with the provisions herein con- <br />tained ~re, to the extent of such conflict, hereby superseded and <br />repealed. <br />SECTION 20. EFFECTIVE DA'l'E, This r-esolution shall take <br />effect immediately upon its adoption. <br />The foregoing resolution was <br />..,Scurlocjt ----.---who moved its adoption, <br />by Cornin1ss1oner Bowman anu, <br />offered by Com.missioner <br />The motion was secon<led <br />upon being put to a vote, <br />the vote was as follows, <br />Chairman Richard N, Bird <br />Vice Chairman Don, C, Scurlock, Jr, <br />Commiss.i.oner Margaret C. Bowman <br />Connnissioner Patrick n. Lyons <br />Commisstoner William C, Wodtke, Jr. <br />Aye <br />Aye <br />Aye <br />Aye <br />Abse nt <br />The Chairman <br />pas~ed and adopted this <br />thereupon declaceu the <br />19th:iay of October 1983. <br />resolution <br />-7- <br />duly