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1991-10-13 Resolution 44
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1991-10-13 Resolution 44
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7/18/2008 3:20:36 PM
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validity of the Bonds from bond counsel for the Authority, and to <br />furnish such opinion to the purchaser or purchasers of the Bonds. <br />The cost of such opinion shall be considered as part of the costs <br />incidental to the issuance of the Bonds and shall be paid out of <br />proceeds of said Bonds. <br />Section 9. If the President and the Treasurer determine <br />that market conditions at the time of the sale of the Bonds are <br />such that the Authority is able to finance the refunding of the <br />Refunded Bonds by issuing Bonds in an aggregate principal amount <br />which is less than $4,350,000.00, then the Authority shall issue <br />such lesser principal amount of Bonds. <br />Section 10. After the sale of the Bonds, the President <br />and the Secretary are authorized to complete the Trust Agreement <br />. and then to execute the same on behalf of the Authority. <br />Section 11. The President, Vice President, and <br />Secretary-Treasurer of this Authority and each of them is hereby <br />authorized to take all such actions and to execute all such <br />instruments as are desirable to carry out the transactions <br />contemplated by this Resolution, in such forms as the President, <br />Vice President and Secretary-Treasurer executing the same shall <br />deem proper, to be evidenced by the execution thereof. <br />Section 12. The provisions of this Resolution and the <br />Trust Agreement shall constitute a contract between the Issuer and <br />the holders of the Bonds, and, after the issuance of the Bonds, <br />this Resolution shall not be repealed or amended in any respect <br />U <br />-5- <br />
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