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<br />I <br /> <br />8 <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />(Vintage Apartments) II in an aggregate principal amount not to <br />exceed $8,400,000 (the "Bonds"), are hereby authorized to be <br />issued. The Bonds shall be executed by the manual or facsimile <br />signature of the Chairman, the seal or facsimile of the seal of <br />the Authority shall be reproduced thereon and attested by the <br />manual or facsimile signature of the Secretary, in the form set <br />forth in and otherwise in accordance with the Indenture. <br /> <br />section 3. The <br />Bonds, in respective <br />approved: <br /> <br />documents listed below relating to the <br />forms on file with the secretary, are hereby <br /> <br />(a) Indenture of Trust <br />Authority and First Trust of <br />trustee (the"Trustee")¡ <br /> <br />(the "Indenture"), between the <br />California, National Association, as <br /> <br />(b) Loan Agreement, among the Authority, the Trustee and <br />the Borrower¡ <br /> <br />(c) Amended and Restated Regulatory Agreement and <br />Declaration of Restrictive Covenants, among the Authority, the <br />Trustee and the Borrower¡ . <br /> <br />(d) Bond Purchase Agreement <br />among the Authority, the Borrower <br />(the Underwriter")¡ <br /> <br />(the "Purchase Contract"), <br />and Bank of America NT & SA <br /> <br />(e) Official Statement of the Authority describing the Bond <br />offering (the "Official Statement"); <br /> <br />(f) Agreement Regarding Redemption of Prior Bonds by and <br />among the Authority, the Trustee, Seattle-First National Bank, as <br />prior Trustee (the IIprior Trustee"), the Borrower and the <br />Resolution Trust Corporation¡ <br /> <br />(g) Supplemental Indenture No.1 with respect to the Prior <br />Bonds, by and between the Authority and the Prior Trustee. <br /> <br />The Chairman, Vice Chairman, Executive Director, and the <br />Finance Officer of the Authority (the "Designated Officers") are, <br />and each of them acting alone is, hereby authorized and directed, <br />for and in the name and on behalf of the Authority, to execute <br />and deliver each of the above-listed documents, and the Secretary <br />is hereby authorized and directed, for and in the name and on <br />behalf of the Authority, to attest the Designated Officer's <br />signature on the documents which provide for such attestation, in <br />said forms, together with such additions thereto or changes <br />therein as are recommended or approved by the Executive Director <br />upon consultation with bond counsel to the Authority and the City <br />Attorney's office, including such additions or changes as are <br />necessary or advisable in accordance with section 7 hereof <br />(provided that no additions or changes shall authorize an <br />aggregate principal amount of Bonds in excess of $8,400,000, <br />result in an initial interest rate on the Bonds in excess of 7.5% <br />