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. . I . . bringing any suit, action or proceeding and to do and perform any and all acts and things for and on behalf of the respective registered owners of the Bonds as a class or classes, as may be necessary or advisable in the opinion of the Fiscal Agent as attorney-in-fact. E. General. After the issuance and delivery of the Bonds, this Resolution, and any supplemental resolut~ons hereto, shall be irrepealable, but shall be subject to modification or amendment to the extent and in the manner provided in this Resolution, but to no greater extent and in no other manner. Section 25. CUSIP Numbers, CUSIP identification numbers will be imprinted on the Bonds, but numbers shall not constitute a part of the contract evidenced by the Bonds and no liability shall attach to the Agency or any of the officers or agents because of or on account of said numbers. Any error or omission with respect to the numbers shall not constitute cause for refusal by the successful bidder to accept delivery of and pay for the Bonds. Section 26. Severability. If any covenant, agreement or provision, or any portion thereof, contained in this Resolution, or the application thereof to any person or circumstance, is held to be unconstitutional, invalid or unenforceable, the remainder of this Resolution and the application of any covenant, agreement or provision, or portion thereof, to other persons or circumstances, shall be deemed severable and shall not be affected, and this Resolution and the Bonds issued pursuant hereto shall remain valid and the Bondholders shall retain all valid rights and benefits accorded to them under this Resolution and the Constitution and the laws of the State of California. If the provisions relating to the appointment and duties of a Fiscal Agent are held to be unconstitutional, invalid or unenforceable, the duties shall be performed by the Treasurer. Section 27. Award of Bonds. The Purchase Contract dated December 17, 1985 by and between the Agency and R. H. Moulton & Company is approved and the offices of the Agency are authorized to deliver the Bonds to R. H. Moulton & Company upon the payment therefor. Section 28. Reimbursement Agreement The Initial Letter of Credit and Reimbursement Agreement by and between the Agency, the Fiscal Agent and the Bank is hereby approved. Section 29. General Authorization. The Chairman, Secretary and any other officer of the Agency is authorized to execute any and all agreements and documents necessary to carry out the intent of this Resolution and the delivery of the Bonds. 12-28-85 0063k/2281/05 -40-