Res 1982-031 - Laserfiche WebLink

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10 effect the refunding of the Original Bonds pursuant to t:he Escrow Agreement, ~he Escrow Agent on behalf of the Corporation placed a subscription with the Federal Reserve Branch, Charlotte, North Carolina, for U.S. Treasury - State and Local Government Obligations as described in Exhibit "A" to this Resolution, and such action by the Escrow Agent on behalf of the Corporat:ion is hereby ratified and approved. b. The amendment of the terms of the trust indenture pursuant to ~~hich ~he Original Bonds were issued shall be effected pursuant to the terms and provisions of an agreement and consent to project mortgage and adjUS~lng the interest borne by certain bonds substantially in the form or the Agreement and Consent to Proj ect 1'lortgage and Adjusting the Interest Borne by Certain Bonds J dated as of June 1, 1982 (the "Consenttl), by and among the Corporation, the User, \{achovia Bank and Trust Company, N.A., as trustee for the Original Bonds, and the holders or the Original Bonds executing the Consent, which ,~as presented to the Board, the form, t:erms and provis ions of such Consent being hereby au~horized and approved, and the President and the Vice President of the Corporation are hereby severally authorized and directed to execute and deliver such Consent on behalf of the Corporation, and the Secretary and ~he Assist:ant Secretary of the Corporation are hereby severally autho- rized to attest and affix the Corporation I s seal thereto, ,vith such changes t:herein as the officers executing the same may approve, such approval to be conclusively evidenced by such execution thereof. 7. The sale and delivery of the Bonds by the Corporation to RepublicBank Dallas, National Association (the "Purchaser'l) at the par value thereof is hereby authorized and approved. 8. The actions and obligations authorized in Paragraphs 1 through 4 of this resolution shall be subject to and conditioned UpC1 the receipt by the Corporation, at the date of delivery and payment for the Bonds (the "Closing Date") J of (i) a letter of representation, dated the Closing Date, from the User, duly authorized and executed by the User, substantially in the form of t:he Letter of Representation (the "Letter of Representationtl), which (vas 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 Corporation are hereby severally authorized to signify the Corporation1s acceptance and confirmation of such Letter of Representation by executing the same on behalf of the Corporation in multiple counterparts; (ii) an invest- ment letter, dated the Closing Date, duly authorized and executed by the Purchaser, substantially in the form of t:he Investment Letter (the tlInvestment Letter"), Khich ,,-as 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 Indus- trial Commission (the tlCommissiontl), acting on behalf of the Commission, -4-