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(h) the Purchaser shall have received reimbursement of the fees and expenses <br /> of Kutak Rock LLP, as counsel to the Purchaser, incurred in connection with the <br /> preparation,review,negotiation,execution and delivery of this Agreement and the Related <br /> Documents which fees may be paid directly to Kutak Rock LLP; and <br /> (i) such additional certificates,instruments, opinions or other documents as the <br /> Purchaser may reasonably request. <br /> ARTICLE IV <br /> REPRESENTATION AND WARRANTIES <br /> Section 4.01. The Authority represents and warrants to the Purchaser as follows: <br /> (a) Organization and Power. The Authority is a conservation and reclamation <br /> district to accomplish the purposes set forth in the Act and of Article XVI, Section 59, <br /> Texas Constitution. The Authority has the power and authority under the laws of the State <br /> to issue the Note and perform its obligations under this Agreement and the other Related <br /> Documents to which it is a party. <br /> (b) Authority; No Conflict With Other Instruments or Law. The execution, <br /> delivery and performance of this Agreement and the other Related Documents to which it <br /> is a party have been duly authorized and the consummation of the transactions <br /> contemplated hereby and thereby (i) are within the power and authority of the Authority, <br /> (ii)have been duly authorized by all necessary action on the part of the Authority, and(iii) <br /> do not violate provisions of statutory laws or regulations applicable to the Authority. <br /> (c) Enforceability. This Agreement and the other Related Documents to which <br /> it is a party constitute the legal, valid and binding obligations of the Authority enforceable <br /> against the Authority in accordance with their respective terms,except as enforcement may <br /> be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws, <br /> statutes or rules of general application affecting the enforcement of creditor's rights or <br /> general principles of equity. <br /> (d) Governmental Approval. The execution and delivery of this Agreement and <br /> the other Related Documents to which it is a party and the transactions contemplated <br /> hereby, do not require any authorization, exemption, counsel or approval of, notice to, or <br /> declaration or filing with, any Governmental Authority other than those obtained on or <br /> before the date hereof. <br /> (e) Litigation; Legislation. (i) There is no action, suit, proceeding, inquiry or <br /> investigation at law or in equity or before or by any court, public board or body pending, <br /> or, to the best knowledge of the Authority, threatened against or affecting the Authority <br /> wherein an unfavorable decision,ruling or finding would have a material adverse effect on <br /> (1) the transactions contemplated by, or the validity or enforceability of, this Agreement, <br /> or the other Related Documents or(2)the tax-exempt status of interest on the Note. <br /> 9 <br />