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• <br /> <br /> <br />Counsel or by Bond Counsel, to evidence due performance or satisfaction <br />by the User at or prior to such time of all agreements then to be <br />performed and all conditions then to be satisfied by it. <br />7. The officers, employees and agents of the Corporation, and <br />each of them, shall be and each is expressly authorized, empowered and <br />directed from time to time and at any time to do and perform all acts <br />and things and to execute, acknowledge and deliver in the name and under <br />the corporate seal and on behalf of the Corporation all certificates, <br />financing statements, instruments and other papers, whether or not <br />herein mentioned, as they may determine to be necessary or desirable in <br />order to carry out the terms and provisions of this resolution and of <br />the Bonds to be issued hereunder, as well as the terms and provisions of <br />the Indenture, the Mortgage, the Assignment, the Letter of <br />Representation and the Loan Agreement hereby authorized and approved, <br />such determination to be conclusively evidenced by the performance of <br />such acts and things and the execution of any such certificate, <br />financing statement, instrument or other paper. <br />8. The officers of the Corporation (with the assistance of the <br />User) shall prepare a final transcript of the proceedings relating to <br />the authorization, issuance, sale and delivery of the Bonds, which <br />transcript shall be submitted to the Commission within sixty (60) days <br />• after the Closing Date. <br />9. Based upon representations made by the User to the Board, the <br />Board hereby affirmatively finds that: <br />(a) the Project will have the effect of creating and <br />stabilizing employment within the Unit; <br />(b) the Project is required or suitable for the promotion of <br />manufacturing development and expansion and for the industrial <br />development and expansion of industrial facilities and is in fur- <br />therance of the public purposes of the Act; and <br />(c) .the Project will contribute to the economic growth or <br />stability of the Unit by: <br />(i) increasing or stabilizing employment opportunity; <br />(ii) significantly increasing or stabilizing the property <br />tax base; and <br />(iii) promoting commerce within the Unit and the State of <br />Texas. <br /> <br />-4- <br />