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RESOLUTION 94-003 SAFA <br />Page 2 " <br /> <br /> WHEREAS, the Authority has full legal right, power and <br />authority under the Constitution and the laws of the State of <br />California to enter into the transactions herein authorized; and <br /> <br /> WHEREAS, the members of the Authority (the "Board") has <br />been presented with the form of each document referred to herein, <br />relating to the Authority's proposed financing, and the Board has <br />examined and approved each document and desires to authorize and <br />direct the execution of such documents and the consummation of <br />such financing; and <br /> <br /> WHEREAS, all acts, conditions and things required by <br />the Constitution and laws of the State of California to exist, to <br />have happened and to have been performed precedent to and in <br />connection with the consummation of such financing authorized <br />hereby do exist, have happened and have been performed in regular <br />and due time, form and manner as required by law, and the <br />Authority is now duly authorized and empowered, pursuant to each <br />and every requirement of law, to consummate such financing for <br />the purpose, in the manner and upon the terms herein provided; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Santa Ana <br />Financing Authority, as follows: <br /> <br /> Section 1. Ail of the recitals herein contained are <br />true and correct and the Board so finds. <br /> <br /> Section 2. The Agreement, on file with the Secretary, <br />in substantially the form submitted to this meeting and made a <br />part hereof as though set forth in full herein, be and the same <br />is hereby approved. The Chairman, the Secretary or the Executive <br />Director of the Authority and the City Manager or the Assistant <br />City Manager of the City or any other officers duly designated by <br />the Board (the "Officers") are hereby authorized and directed, <br />for and in the name and on behalf of the Authority, to execute <br />and deliver the Agreement in substantially said form, with such <br />changes, insertions and omissions therein as such Officers and <br />the Autho~ity's legal counsel (the "Authority Counsel") may <br />require or approve, such approval to be conclusively evidenced by <br />the execution and delivery thereof. <br /> <br /> Section 3. The Supplement, on file with the Secretary, <br />in substantially the form submitted to this meeting and made a <br />part hereof as though set forth in full herein, be and the same <br />is hereby approved. The Officers are hereby authorized and <br />directed, for and in the name and on behalf of the Authority, to <br />execute and deliver the Supplement in substantially said form, <br />with such changes, insertions and omissions therein as such <br />Officers and the Authority Counsel may require or approve, such <br />approval to be conclusively evidenced by the execution and <br />delivery thereof. <br /> <br /> Section 4. The Indenture, on file with the Secretary, <br />in substantially the form submitted to this meeting and made a <br />part hereof as though set forth in full herein, be and the same <br /> <br /> <br />