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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Such Agreement shall be executed in substantially the form <br />hereby approved with such additions thereto and changes therein <br />as are approved by such officer, such approval to be <br />conclusively provided by the execution and delivery thereof. <br /> <br />SECTION 5. The proposed form of the Official Statement <br />relating to the Bonds presented at this meeting is hereby <br />approved and the distribution thereof in connection with the <br />sale of the Bonds is hereby authorized. <br /> <br />SECTION 6. The Bonds shall be sold and issued as <br />hereinafter provided in an aggregate principal amount not to <br />exceed the amount set forth in the recitals hereof, and as may <br />be specified in the Bond Purchase Agreement hereinafter <br />mentioned. The purposes for which the proceeds of the Bonds <br />shall be expended are the making of the loan to the Developer <br />and such other purposes as are set forth in the proposed form <br />of Indenture presented at this meeting (the "Indenture"). <br /> <br />SECTION 7. The Bank of California, N.A. is hereby <br />appointed as Trustee for the Authority and the owners of the <br />Bonds, with the duties and powers of such Trustee as set forth <br />in the Indenture; provided, however, that in the event The Bank <br />of California, N.A. is unable to act as Trustee, the Chairman, <br />by executing the Indenture with a different Trustee named <br />therein, may designate such alternate Trustee to act <br />hereunder. The Trustee is hereby requested and directed to <br />authenticate the Bonds by executing the Trustee's certificate <br />of authentication and registration appearing thereon, and to <br />deliver the Bonds, when duly executed and authenticated, to the <br />parties named in the Bond Purchase Agreement in accordance with <br />written instructions executed on behalf of the Authority by the <br />Executive Director, which instructions said officer is hereby <br />authorized and directed, for and in the name and on behalf of <br />the Authority, to execute and deliver to the Trustee. Such <br />instructions shall provide for the delivery of the Bonds in <br />accordance with the Bond Purchase Agrement, upon payment of the <br />purchase price thereof. <br /> <br />SECTION 8. Said proposed form of the Indenture is <br />hereby approved. The Chairman and the Secretary of the <br />Authority are hereby authorized and directed for and in the <br />name and on behalf of the Authority to execute, acknowledge and <br />deliver the Indenture to the Trustee in substantially said <br />form, with such additions thereto or changes therein as are <br />approved by such officers, (consistent with the Bond Purchase <br />Agreement approved pursuant to this Resolution), such approval <br />to be conclusively evidenced by the execution and delivery <br />thereof. <br /> <br />06-05-85 <br />5735p//2105/05 <br /> <br />-3- <br />