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Section 3. Pursuant to the Act and the Pledge and Assignment, the issuance <br />of the Bonds in an aggregate principal amount not to exceed $6,000,000 with a maturity <br />date of February 15, 2034 is hereby authorized. The Bonds shall be executed by the <br />manual or facsimile signature of the Chairperson, Vice Chairperson, Executive Director <br />or Treasurer of the Authority (each, an "Authorized Officer "), and attested by the manual <br />or facsimile signature of the Secretary or any deputy thereof. <br />Section 4. The form of Pledge and Assignment by and among the Authority, <br />the Agent and the Holder, in the form on file with the Secretary of the Authority, is <br />hereby approved. Any Authorized Officer, acting alone, is hereby authorized for and on <br />behalf of the Authority to execute and deliver the Pledge and Assignment with respect <br />to the Bonds with such changes, additions or deletions as may be approved by such <br />Authorized Officer, such approvals to be conclusively evidenced by the execution and <br />delivery thereof. <br />Section 5. The form of the Master Agency Agreement by and between the <br />Authority and the Agent, in the form on file with the Secretary, is hereby approved. Any <br />Authorized Officer, acting alone, is hereby authorized for and on behalf of the Authority <br />to execute and deliver the Agency Agreement with respect to the Bonds with such <br />changes, additions and deletions as may be approved by such Authorized Officer, such <br />approvals to be conclusively evidenced by the execution and delivery thereof. <br />Section 6. The form of Second Amended and Restated Regulatory Agreement <br />and Declaration of Restrictive Covenants by and between the Authority and the <br />Borrower (the "Regulatory Agreement'), in the form on file with the Secretary, is hereby <br />approved. Any Authorized Officer, acting alone, is hereby authorized for and on behalf <br />of the Authority to execute and deliver the Regulatory Agreement with respect to with <br />such changes, additions or deletions as may be approved by such Authorized Officer, <br />such approvals to be conclusively evidenced by the execution and delivery thereof. <br />Section 7. The Bonds, when executed, shall be delivered to the Holder, upon <br />the funding of the Loan (as defined in the Pledge and Assignment) with the purchase <br />price for the Bonds. <br />Section 8. All actions heretofore taken by the officers and agents of the <br />Authority with respect to the sale and issuance of the Bonds are hereby approved, <br />confirmed and ratified, and the proper officers of the Authority, including any Authorized <br />Officer, are hereby authorized and directed, for and in the name and on behalf of the <br />Authority, to do any and all things and take any and all actions and execute any and all <br />certificates, agreements and other documents, which they, or any of them, may deem <br />necessary or advisable in order to consummate the lawful issuance and delivery of the <br />Bonds in accordance with this Resolution, including but not limited to those certificates, <br />agreements and other documents described in the Pledge and Assignment, the Master <br />Agency Agreement, the Regulatory Agreement, and other documents herein approved. <br />Section 9. This Resolution shall take effect immediately upon its adoption. <br />3 <br />