Res 1983-040 - Laserfiche WebLink

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executing the same may approve, such approval to be conclusively evidenced by such execution thereof. 3. As a condition to the actions authorized in Paragraphs 1 and 2 of this resolution, the User shall have executed a deed of trust, security agreement, assignment of rents and financing statement 'substantially in the form of the Deed of Trust, Security Agreement, Assignment of Rents and Financing Statement, dated as of September 1, 1983 (the "Mortgage"), from the User to a mort gage trustee (to be designated by the Trustee), for the use and benefit of the Trustee (for the benefit of the Bondholders), which was presented to the Board, the form, terms and provisions thereof being hereby authorized and approved. 4. The sale and delivery of the Bonds by the Issuer to RepublicBank Waco, National Association (the "Purchaser"), at the par value thereof, is hereby authorized and approved. 5. The actions and obligations authorized in Paragraphs 1 through 4 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 "Closing Date"), of (i) a letter of representation the User, duly authorized and executed by the User, substantially in the form of the Letter of Representation, dated the Closing Date (the "Letter of Repre- sentation"), which was presented to the Board, the form, terms and provisions of such Letter of Representation being hereby authorized and approved and the President and the Vice President of the Issuer are hereby severally authorized to signify the Issuer's acceptance and confirmation of such Letter of Representation by executing the same on behalf of the Issuer in multiple counterparts; (ii) an investment letter, duly authorized and executed by the Purchaser, substantially in the form of the Investment Letter, dated the Closing Date (the "Invest- ment Letter"), which was presented to the Board, the form, terms and provisions of such Investment Letter being hereby authorized and approved; (iii) a certificate from a representative of the Texas Economic Development Commission (the "Commission"), acting on behalf of the Commission, evidencing final approval of the Loan Agreement; (iv) the purchase price for the Bonds; and (v) such opinions, evidences, certificates, instruments or other documents as shall be requested by the Issuer's Counselor by Bond Counsel, to evidence due performance or satisfaction by the User at or prior to such time of all agreements then to be performed and all conditions then to be satisfied by it. 6. The officers, employees and agents of the Issuer, and each of them, shall be and each is expressly authorized, empowered and directed from time to time and at any time to do and perform all acts and things and to execute, acknowledge and deliver in the name and under the corporate seal and on behalf of the Issuer all certificates, financing -3-