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1993-06-29 Resolution 77
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1993-06-29 Resolution 77
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7/23/2008 3:18:36 PM
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accrued interest to the date of delivery of the Bonds in accordance <br />with the Purchase Agreement. The President or Vice-President of <br />the Authority are hereby authorized to execute and deliver the <br />Purchase Agreement substantially in the form attached hereto as <br />Appendix A (the "Purchase Agreement"), together with such changes <br />and modifications as may be approved by the President or Vice- <br />President (with execution by the President or Vice-President to be <br />conclusive evidence of such approval). The President or Vice- <br />President are further authorized to carry out, on behalf of the <br />Authority, the terms and conditions set forth in the Purchase <br />Agreement, consistent with the provisions of this Resolution. <br />Section 10. Prior to the delivery of the Bonds the <br />Secretary shall be authorized to obtain a legal opinion as to the <br />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 11. If the President or the Secretary-Treasurer <br />determine that market conditions at the time of the sale of the <br />Bonds are such that the Authority is able to finance the refunding <br />of the Refunded Bonds and acquisition of the additional property <br />by issuing Bonds in an aggregate principal amount which is less <br />than $5,000,000.00, then the Authority shall issue such lesser <br />principal amount of Bonds. <br /> <br />-7- <br />
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