R-1986-19 - Laserfiche WebLink

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e e 4. The loan of the proceeds of the sale of the Bonds by the Issuer to the Company in order to provide financing of the costs of acquiring and constructing the Project shall be effected pursuant to the terms and provisions of a loan agreement substantially in the form of the Loan Agreement, dated as of July 15, 1986 (the "Loan Agreement"), by and between the Issuer and the Company, a copy of which was presented to the Board, the form, terms and provisions of such Loan Agreement being hereby authorized and approved, and the President and any Vice President of the Issuer are hereby severally authorized and directed to execute and deliver such Loan Agreement on behalf of the Issuer, and the Secre- tary of the Issuer is hereby authorized to attest and affix the Issuer's seal thereto, with such changes therein as the officers executing the same may approve, such approval to be conclusively evidenced by such execution thereof. 5. The sale and delivery of the Bonds by the Issuer to the Underwriter, at a price equal to % of the aggregate principal amount thereof is hereby authorized and approved. Said sale and deliv- ery shall be effected in accordance with the terms and provisions of the Underwriting Agreement among the Underwriter, the Issuer and the Com- pany, which was presented to the Board, the form, terms and provisions of the Underwriting Agreement being hereby authorized and approved, and the President and the Vice President of the Issuer are hereby severally authorized and directed to execute and deliver such Underwriting Agree- ment on behalf of the Issuer, and the Secretary of the Issuer is hereby authorized to attest and affix the Issuer's seal thereto, with such changes therein as the officers executing the same may approve, such approval to be conclusively evidenced by such execution thereof. 6. The Board hereby ratifies the use of the information described under the caption "THE ISSUER" in the preliminary official statement, dated July , 1986 (the "Preliminary Official Statement"), which was presented t~he Board, and authorizes the use of such information in the official statement, dated July 30, 1986 (the "Official Statement"), which was presented to the Board, to be distributed by the Underwriter; provided that, in adopting this resolution, the Issuer hereby disclaims any responsibility for the Preliminary Official Statement and the Official Statement except for the information described as having been provided by it in the last recital of this resolution and expressly disclaims any responsibility for any other information included as part of the Preliminary Official Statement or the Official Statement. 7. The actions and obligations authorized in Paragraphs 3 through 6 of this resolution shall be subject to and conditioned upon the receipt by the Issuer, at the date of delivery and payment for the Bonds (the "Issue Date"), of (1) a certificate from a representative of the Commission, acting on behalf of the Commission, evidencing final B-5