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<br />e <br /> <br />e <br /> <br />the aggregate principal amount of bonds to be issued for the La Porte <br />Facilities to not exceed $8,000,000. <br /> <br />3. The Company shall (i) be responsible for and pay any and all <br />costs of the La Porte Facilities incurred by it prior to issuance of the <br />Bonds and will pay all such costs which are not or cannot be paid or <br />reimbursed from the proceeds of the bonds and (ii) at all times, indem- <br />nify and hold harmless the City and its governing body against all <br />losses, costs, damages, expenses and liabilities of whatsoever nature <br />(including but not limited to attorneys' fees, litigation and court <br />costs, amounts paid in settlement and amounts paid to discharge judg- <br />ments) directly or indirectly resulting from, arising out of or related <br />to the issuance, offering, sale or delivery of the Bonds, or the design, <br />construction, installation, operation, use, occupancy, maintenance or <br />ownership of the La Porte Facilities. <br /> <br />4. This Resolution shall be deemed and construed as a resolution <br />authorizing the issuance of the aforesaid bonds or some other similar <br />official action toward the issuance of the bonds within the meaning of <br />26 C.F.R. Section 1.103-8(a)(5). <br /> <br />PASSED ,AND APPROVED this ~;ZX day of June, 1986. <br />.t-::r~~~.:i;.~'~;";' , <br /> <br />...... <br /> <br />"''-<: <br /> <br />CITY OF LA PORTE <br /> <br />/ <br />~ <br /> <br />'.JP'!.-..-/ <br /> <br />.~ <br />i- <br />t' <br />'" <br />~ <br />? <br />~ ~'. f" <br /> <br />By~~/1i~~ <br /> <br />Norman Ma one, Mayor <br /> <br />'" <br /> <br />. '.~. '. <br /> <br />ATTEST: <br /> <br />By <br /> <br />(i~~ <br /> <br />City Secretary <br /> <br />APPROVED: __ ~ , <br /> <br />BY~~~ <br /> <br />City Attorney <br /> <br />-2- <br />