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1986-036
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1986-036
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Last modified
5/18/2023 10:50:51 AM
Creation date
5/18/2023 10:49:46 AM
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Resolutions
Resolution Number
1986-036
Approved Date
06/18/1986
Subject
Authorizing issuance of not exceeding $9,200,000 W&S Revenue Bonds, Series 1986
Anticipation notes of IRC; providing for the payment thereof & security thereof
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• <br />C. Execution of the Notes. All Notes issued hereunder <br />shall be executed in the name of the Issuer by the manual or <br />facsimile signature of its Chairman and its official seal or <br />a facsimile thereof shall be affixed thereto and attested by <br />the manual or facsimile signature of its Clerk. In ease any <br />one or more of such officers whose manual or facsimile <br />signature shall appear upon Notes shall have ceased to be <br />such officer at the time of delivery thereof or shall have <br />become physically or legally incapacitated at the time of <br />delivery thereof, such Notes nevertheless shall be valid and <br />binding obligations of the Issuer. <br />D. Authentication and Delivery of the Notes. No Notes <br />shall become valid or obligatory for any purpose until such <br />Notes shall have been authenticated by the Paying Agent, and <br />such authentication by the Paying Agent upon any Note shall <br />be conclusive and the only evidence that such Note duly has <br />been authenticated and delivered and that the Holder is <br />entitled to benefit of the trusts and liens hereby created. <br />At any time after the effectiveness hereof, the <br />Issuer may execute and deliver the Notes to the Paying Agent <br />for authentication and, thereupon, the Paying Agent shall <br />authenticate and deliver the Notes, as appropriate, upon <br />order of the Issuer. <br />At any time after authentication of the Notes and <br />delivery of the Notes to the Issuer by the Paying Agent, the <br />Issuer may deliver the Notes to the purchaser in return for <br />the purchase price thereof. <br />-7:3- <br />
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