1999-09-08 Special Called Regular Meeting, Public Hearing, and Workshop Meeting

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e e Section 19. MISCELLANEOUS PROVISIONS. 19.01. Al!reements Authorized. The Escrow Agreement and the Paying AgentlRegistrar Agreement are hereby approved and the President and Secretary of the Board are hereby authorized to execute and deliver same and to execute certificates and other documents pursuant to any such agreement to carry out the intent thereof. 19.02. Parties Interested Herein. Nothing in this Resolution expressed or implied is intended or shall be construed to confer upon, or to give to, any person or entity, other than the Authority, the Paying AgentlRegistrar, the Escrow Agent, and the Registered Owners of the Bonds, any right, remedy, or claim under or by reason of this Resolution or any covenant, condition, or stipulation hereof, and all covenants, stipulations, promises, and agreements in this Resolution contained by and on behalf of the Authority shall be for the sole and exclusive benefit of the Authority, the Paying AgentlRegistrar, the Escrow Agent, and the Registered Owners of the Bonds. 19.03. Aooroval and Reeistration of Bonds. The President of the Board is hereby authorized to have control of the Bonds and all necessary records and proceedings pertaining to the Bonds pending their delivery and their investigation, examination, and approval by the Attorney General of the State of Texas, and their registration by the Comptroller of Public Accounts of the State of Texas. Upon registration of the Initial Bonds, said Comptroller of Public Accounts (or a deputy designated in writing to act for said Comptroller) shall manually sign the Comptroller's Registration Certificate. The Initial Bond thus registered shall remain in the custody of the President of the Board (or his designee) until delivered to the Underwriter. 19.04. Successors and Assiens. Whenever in this Resolution the Authority is named and referred to, it shall be deemed to include its successors and assigns, and all covenants and agreements in this Resolution made by or on behalf of the Authority shall bind and inure to the benefit of its successors and assigns whether or not so expressed except to the extent otherwise provided in this Resolution. 19.05. No Recourse Against Authority Officers. No recourse shall be had for the payment of the principal of or the interest on the Bonds or for any claims based thereon or on this Resolution against any officer of the Authority or any person executing the Bonds. 19.06. Payine AeentlReeistrar Mav Own Bonds. The Paying AgentlRegistrar, in its individual or any other capacity, may become the owner or pledgee of the Bonds with the same rights it would have if it were not Paying Agent/Registrar. 19.07. Leeal Holidavs. In any case where the date of maturity of the principal of or interest on the Bonds or the date fixed for redemption of any Bonds sh~ll be (a) a legal holiday in the city of the principal office of the Paying AgentlRegistrar or (b) a day on which banking institutions are authorized by law to close in such city, then payment of interest or principal need not be made on such date but may be made on the next succeeding day not a legal holiday or day on which banking institutions are authorized by law to close in such city with the same force and effect as if made on the date of maturity or the date fixed for redemption and no interest shall accrue for the period from and after such date. 19.08. Benefits of Resolution Provision. Nothing in this Resolution, expressed or implied, shall give or be construed to give any person, fum, or corporation, other than the Authority, the Paying AgentlRegistrar, and the registered owners of the Bonds, any legal or equitable right or claim under or in respect of this Resolution or under any covenant, condition or provision herein contained in this Resolution being for the sole benefit of the Authority, the Paying AgentlRegistrar and the registered owners of the Bonds. 19.09. Intelllretations. The titles and headings of the Sections of this Resolution have been inserted for convenience of reference only and are not to be considered a part hereof and shall not in any way modify or restrict any of the terms and provisions hereof. This Resolution and all the terms and provisions hereof shall be liberally construed to effectuate the purposes set forth herein and to sustain the validity of the Bonds herein authorized and the validity of the lien on and pledge of the revenues from which the Bonds are payable. 26