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(a) the Bonds are issued after August 7, 1986; <br />(b) the Bonds are not "private activity bonds" as defined in Section 141 of the <br />Code; <br />(c) the Authority hereby designates the Bonds as "qualified tax-exempt <br />obligations" for purposes of Section 265(b)(3) of the Code; <br />(d) the reasonably anticipated amount of tax-exempt obligations (other than <br />private activity bonds, treating qualified 501(c)(3) bonds as not being private activity <br />bonds) which will be issued by the Authority (and all entities treated as one issuer with <br />the Authority, and all subordinate entities whose obligations are treated as issued by the <br />Authority) during this calendar year 2001 will not exceed $10,000,000; and <br />(e) not more than $10,000,000 of obligations issued by the Authority during <br />this calendar year 2001 have been designated for purposes of Section 265(b)(3) of the <br />Code. <br />The Authority shall use its best efforts to comply with any federal procedural requirements <br />which may apply in order to effectuate the designation made by this paragraph. . <br />16. Modifications to Documents. The approval hereby given to the various <br />documents referred to above includes approval of such additional details therein as may be <br />necessary and appropriate and such modifications thereof, deletions therefrom and additions <br />thereto as may be necessary and appropriate and approved by the Authority Attorney and the <br />Authority officials authorized herein to execute said documents prior to their execution; and said <br />Authority officials are hereby authorized to approve said changes on behalf of the Authority. <br />The execution of any instrument by the appropriate officer or officers of the Authority herein <br />authorized shall be conclusive evidence of the approval of such documents in accordance with <br />the terms hereof. In the absence of the President or Secretary any of the documents authorized <br />by this resolution to be executed by the Acting President or the Acting Secretary, respectively. <br />The motion for the adoption of the foregoing resolution was duly seconded by member <br />Frank Puleo , and upon vote being taken thereon the following voted in favor thereof: <br />Mike Granger, Becky Petryk, Frank,Puleo, Fran Miron <br />and the following voted against the same: NONE <br />whereupon the resolution was declared duly passed and adopted. <br />Passed: August 20, 2001. 1 <br />e' <br />Attest: 4 v <br />6±��O:rt <br />Secre <br />1299466vi 5 <br />