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the form on file with the Secretary together with any changes therein or additions thereto approved by the Executive Director upon the advice of CSG Advisors, Incorporated, Financial Advisor to the Agency (the "Financial Advisor"), and whose execution thereof shall be conclusive evidence of approval of any such additions and changes. The Purchase Contract shall be executed in the name and on behalf of the Agency by the Executive Director, who is hereby authorized and directed to execute and deliver the Purchase Contract to the Authority and the Underwriter; provided, however, that the purchase price paid by the Underwriter for the purchase of the Bonds from the Authority shall be not less than ninety-nine percent (99%) of the par amount thereof, excluding any original issue discount on the Bonds. Section 5. Approval of the Preliminary Official Statement. The preliminary Official Statement relating to the Bonds, on file with the Secretary, is approved for distribution by the Underwriter to municipal bond broker-dealers, to banking institutions and to members of the general public who may be interested in purchasing the Bonds. The Executive Director is authorized to approve revisions of the preliminary Official Statement, from time to time, pending such distribution as shall be required, upon the advice of Jones Hall, A Professional Law Corporation, Bond Counsel and Disclosure Counsel to the Agency, to cause the preliminary Official Statement to contain any further information necessary to accurately describe the Agency and the Bonds. With respect to the distribution of the preliminary Official Statement, the Executive Director is authorized and directed, on behalf of the Agency, to deem the preliminary Official Statement "final" pursuant to Rule 15c2-12 under the Securities Exchange Act of 1934 (the "Rule"). Section6. Approval of Final Official Statement. The final Official Statement, which shall include such changes and additions thereto deemed advisable by the Executive Director, upon the advice of the Financial Advisor or Disclosure Counsel, and such information permitted to be excluded from the Preliminary Official Statement pursuant to the Rule, is hereby approved for delivery to the purchasers of the Bonds, and the Executive Director is authorized and directed to execute the final Official Statement for and on behalf of the Agency and is authorized and directed to deliver to the purchaser of the Bonds (i) a certificate with respect to the information set forth therein and (ii) a Continuing Disclosure Certificate substantially in the form appended to the final Official Statement. Section 7. Official Action. All actions heretofore taken by the officers and agents of the Agency with respect to the issuance of the Bonds are hereby approved, confirmed and ratified. The Chairman, Secretary, Treasurer, the Executive Director, General Counsel and other appropriate officers of the Agency are hereby authorized and directed, for and in the name and on behalf of the Agency, to do any and all things and take any and all actions, including payment from the proceeds of the Bonds of costs of issuance of the Bonds, including the fees and expenses of the Financial Advisor and of Bond Counsel and Disclosure Counsel,, and execution and delivery of any and all assignments, certificates, requisitions (including requisitions for the payment of costs of issuance of the Bonds), agreements (including the Escrow Agreement), notices, consents, instruments of conveyance, warrants and other documents, which such officers deem necessary or advisable in order to consummate the sale, issuance