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. I . . I . . . . Page 3 Resolution No. 85-27 Section 5. Regulatory Agreement. 'lhe Regulatory Agreement, in substan- tially the fOI1ll presented to the Authority at this meeting, together with any additions thereto or changes therein deemed necessary or advisable by the Executive Director upon the advice of bond counsel to the Authority, is hereby approved. 'lhe Chail:1IIan or vice Chairman is hereby authorized and directed to execute and the Secretary is hereby authorized to attest the Regulatory Agreement for and in the name and on behalf of the Authority. Section 6. Collateral Pledge Agreement. 'lhe Collateral Pledge Agreement dated as of December 1, 1985, by and among the Authority, the Trustee, the Association and First Interstate Bank of California (the WCollateral Pledge AgreementW), in substantially the fOI1ll presented to the Authority at this meeting, together with any additions thereto or changes therein deemed necessary or advisable by the Executive Director upon the advice of bond counsel to the Authority, is hereby approved. 'lhe Chairman or vice Chairman is hereby authorized and directed to execute and the Secretary is hereby authorized to attest the Collateral Pledge Agreement for and in the name and on behalf of the Authority. Section 7. Official StatEllÆ!nt. 'lhe final official statEllÆ!nt relating to the Bonds, to be dated as of the date of the Bond Purchase Agreement, substantially in the fOI1ll presented at this meeting, is hereby approved and the Chairman or vice Chairman is hereby authorized and directed to execute said official statement for and in the name and on behalf of the Authority. The Purchaser is hereby authorized to distribute copies of said official statement in connection with its reoffering and resale of the Bonds. Dis- tribution by the Purchaser of the preliminary official statement relating to the Bonds is hereby approved, ratified and confirmed. Section 8. Official Action. All actions heretofore taken by the officers and agents of the Authority with respect to the sale and issuance of the Bonds are hereby approved, confirmed and ratified, and the Chairman, the Secretary, the Executive Director, Authority Counsel and any and all other officers of the Authority are hereby authorized and directed, for and in the name and on behalf of the Authority, to do any and all things and take any and all actions relating to execution and delivery of any and all certificates, requisitions, agreements and other documents, including but not limited to those described in the Bond Purchase Agreement, which they, or any of them, may deem necessary or advisable in order to consUlll'Date the lawful issuance and deli very of the Bonds in accordance with the Bond Purchase Agreement, the Indenture and this resolution.