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4 <br />records are hereby ratified and approved in general concept, <br />and the Chairman of the Authority is authorized to review and <br />give final approval and ratification of said documents on <br />behalf of the Authority. <br />SECTION 3. The Directors of the Corporation plan to <br />have issued a Certificate of Incorporation by the Secretary <br />of the State of Indiana. The Directors of the Corporation <br />will be authorized and directed to issue, sell and deliver <br />Bonds and Notes of said Corporation pursuant to the appli- <br />cable laws of the State of Indiana, and plan to permit the <br />assignment and /or pledge of any security interest in the <br />property so acquired by said Corporation for the purpose of <br />constructing the Project and to enter into contracts for the <br />sale of the Bonds and Notes and the construction of the <br />Project., and, upon payment or defeasance of all bonded in- <br />debtedness of the Corporation, including the bonded indebt- <br />edness a -cproved herein and such additional bonded indebted- <br />ness of the Corporation approved by the Authority, to convey <br />the title to any property or property rights owned by the <br />Corporation to the Authority or to its lawful successor or <br />assign for public purposes. <br />SECTION 4. The Authority has been presented with a Bond <br />Resolution, of the Corporation which will include provisions <br />for the issuance and sale of Bonds, form of the Bond Inden- <br />ture, including the form of Bonds, and the form of the Offi- <br />cial Statement respecting the Bonds, and miscellaneous mate- <br />rials relating to the authorization of the Bonds and, in <br />general principal, hereby approves the same in substantially <br />the sane form here presented and authorizes the Corporation <br />to adopt and execute the same and all other documents neces - <br />sary and proper to carry out the purposes herein; provided, <br />however, that the Bonds approved hereby must be issued within <br />SO days of the effective date of this Resolution or approval, <br />and authorization of such documents by the Chairman of the <br />Authority acting on behalf of the Authority as provided in <br />this Section 4; and provided further that the Chairman of the <br />Authority is authorized to give final approval and authoriza- <br />tion of such documents in their final form on behalf of the <br />Authority. <br />SECTION 5. The Authority has been presented with a Con- <br />struction Loan Note Resolution of the Corporation which will <br />include provision for the issuance and sale of Notes, form of <br />the Vote Indenture, including the form of the Notes and form <br />