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<br />I . <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />1994 Bonds with proceeds of bonds issued by the Authority, such <br />additions, changes or insertions as may be necessary or <br /> <br />appropriate to incorporate bond insurance, a reserve fund surety <br /> <br />or the Derivative Products and such additions, changes or <br /> <br />insertions as may be necessary or appropriate to provide for the <br />issuance of the Series 1994 Bonds on a parity with the <br /> <br />outstanding Series 1989B Bonds, if in each instance, it is in the <br /> <br />best financial interest of the Agency) which the Executive <br /> <br />Director may require or approve, such approval to be conclusively <br /> <br /> <br />evidenced by the execution and delivery of the Indenture; <br /> <br />provided, however, that such additions, changes or insertions <br /> <br />shall specify: <br /> <br />with respect to the Series 1994 Bonds, a <br /> <br />principal amount not in excess of $98,000,000, an interest rate <br /> <br /> <br />or rates not in excess of seven percent (7'> (or twelve percent <br /> <br />(12') if any Derivative Products are used), and a final maturity <br />not later than September 1,2033. <br /> <br />section 3. <br /> <br />The form of Bond Purchase Agreement among <br /> <br />the Agency, the Authority and the Underwriter, on file with the <br /> <br /> <br />Secretary of the Agency and incorporated into this Resolution by <br /> <br />reference, is hereby approved. <br /> <br />The Executive Director of the <br /> <br />Agency is hereby authorized and directed, for and in the name of <br /> <br /> <br />and on behalf of the Agency, to accept the offer of the AJ1thority <br /> <br />and the Underwriter to purchase the Series 1994 Bonds as <br /> <br />reflected in the Bond Purchase Agreement; and to execute and <br /> <br />deliver one or more Bond Purchase Agreements in substantially the <br /> <br /> <br />form on file with the Secretary of the Agency, with such <br /> <br />LAI-6O44I.1 <br /> <br />4 <br /> <br />4Q99O-'-WWB-I2I09193 <br />