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<br />. <br /> <br />. <br /> <br />. <br /> <br />Section 4. A Regulatory Agreement and Declaration of Restrictive Covenants <br />with respect to each Project (the "Regulatory Agreement") between the Authority and <br />the Borrower, in the form presented to this meeting, is hereby approved, The <br />Designated Officers of the Authority are, and each of them acting alone is, hereby <br />authorized, for and in the name of and on behalf of the Authority, to execute and deliver <br />a Regulatory Agreement with respect to each Project in said form, with such additions <br />thereto or changes therein as are recommended or approved by such officers upon <br />consultation with bond counsel to the Authority including such additions or changes as <br />are necessary or advisable in accordance with Section 5 hereof, the approval of such <br />additions or changes to be conclusively evidenced by the execution and delivery by the <br />Authority of the Regulatory Agreement. <br /> <br />Section 5. All actions heretofore taken by the officers and agents of the <br />Authority with respect to the financing contemplated by this Resolution, the Program <br />and the remarketing of the Bonds are hereby approved, confirmed and ratified, and the <br />proper officers of the Authority, including the Designated Officers, are hereby <br />authorized, for and in the name and on behalf of the Authority, to do any and all things <br />and take any and all actions and execute and deliver any and all certificates, <br />agreements and other documents which they, or any of them, may deem necessary or <br />advisable in order to consummate the lawful remarketing of the Bonds in accordance <br />with this Resolution and resolutions heretofore adopted by the Authority and in order to <br />carry out the proposed financing and the Program, including but not limited to those <br />certificates, agreements and other documents described in the Financing Agreement, <br />the Regulatory Agreement and the other documents herein approved and any <br />certificates, agreements or documents as may be necessary to further the purpose <br />hereof, evidence credit support or additional security for the Bonds, or evidence the <br />obligation to purchase Bonds upon tender by the Bondholders, but which shall not <br />create any obligation or liability of the Authority other than with respect to the revenues <br />and assets derived from the proceeds of the Bonds. <br /> <br />Section 6. This Resolution shall take effect immediately upon its <br />adoption by the Housing Authority, and the Secretary shall attest to and certify the vote <br />adopting this Resolution. <br /> <br />3 <br />