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ARTICLE II <br /> AGENCY NOTES <br /> 2.01. Authorized Amount and Form of Notes. The <br /> <br />issuance of the City Notes pursuant to this Resolution of <br />Issuance and in accordance with the Trust Indenture is hereby <br />approved. The City Notes shall be in substantially the form <br />set forth in the Trust Indenture as attached hereto and <br />incorporated herein by this reference, with such appropriate <br />variations, omissions and insertions as are permitted or <br />required by this Resolution of Issuance, and in accordance with <br />the further provisions hereof; and the total principal amount <br />of the City Notes for financing the Project pursuant to the <br />Trust Indenture and the Loan Agreement, that may be outstanding <br />hereunder is expressly limited to an amount equal to <br />$2,000,000. The City shall lend the proceeds of the City Notes <br />to the Developer through the Bank pursuant to the requirements <br />of the Trust Indenture and the Loan Agreement. <br /> <br /> 2.02. Terms of the Agency Notes. The City Notes <br /> <br />shall be payable at the times and in the manner and shall bear <br />interest at the rates as set forth in the Trust Indenture, Loan <br />Agreement and the City Notes, and shall be subject to such <br />other terms and conditions as are set forth therein. <br /> <br /> 2.03. Execution. The City Notes shall be executed on <br /> <br />behalf of the City by the manual or facsimile signature of its <br />Mayor and attested by the manual or facsimile signature of its <br /> <br />9-1-82 <br />2531P/2281/00 <br /> <br />-5- <br /> <br /> <br />