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Section 3. Amendment of Loan Agreement. The Loan Agreement shall be <br />amended to incorporate the final terms of the sale of the Authority Bonds at public sale <br />and the resulting Loan payments to be made by the Agency to the Authority. <br /> <br /> Section 4. Preparation of Indenture of Trust, Purchase Contract and Official <br />Statement. If the Agency is unable to timely issue and deliver the Agency Bonds, the <br />Authority hereby directs Authority staff, in cooperation with Agency staff, to cause the <br />preparation of an indenture of trust providing for the issuance of the Authority Bonds <br />and the Purchase Contract and the Official Notice of Sale and Official Statement for use <br />with respect to the sale of the Authority Bonds and such indenture of trust, Purchase <br />Contract and Official Statement shall be submitted to the Authority for final approval. <br /> <br /> Section 5. Official Action. The Chairman, the Vice Chairman, the Treasurer, the <br />Secretary, the Executive Director, counsel to the Authority and any and all other officers <br />of the Authority are hereby authorized and directed, for and in the name and on behalf <br />of the Authority, to do any and all things and take any and all actions deemed <br />necessary or advisable in order to consummate the lawful issuance and sale of the <br />Authority Bonds and the making of the Loan as described herein. <br /> <br /> Section 6. Effective Date. This Resolution shall take effect from and after the <br />date of its passage and adoption. <br /> <br />ADOPTED this, 6th day of January, 2003. <br /> <br />APPROVED AS TO FORM' <br />Joseph W. Fletcher, General Counsel <br /> <br /> Benjami~ Kaufrr~n <br /> As~istar~t Gener~ Counsel <br /> <br /> Miguel A. Pulido <br />,hair <br /> <br />Resolution No. 2003-001 <br /> Page 3 of 4 <br /> <br /> <br />