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<br />NOTE RESOLUTION <br /> <br />(This Table of Contents is not a part of this <br />Resoiution, but is included for convenience only) <br /> <br />TABLE OF CONTENTS <br /> <br />ARTICLE ONE - DEFINITIONS, LEGAL AUTHORIZATION <br /> <br />AND FINDINGS.................................... <br /> <br />Section 1-1. <br />Section 1-2. <br />Section 1-3. <br />Section 1-4. <br /> <br />Definitions...................... <br /> <br />Legal Authorization.............. <br /> <br />F i ndi ng s. . . . . . . . . . . . . . . . . . . . . . . . . <br /> <br />Authorization and Ratification <br /> <br />o f Pro j ect. . . . . . . . . . . . . . . . . . . . . . . <br /> <br />ARTICLE TWO - NOTE................................... <br /> <br />Section 2-1. Authorized Amount and Form <br /> <br />Section 2-2. <br />Section 2-3. <br />Section 2-4. <br />Section 2-5. <br />Section 2-6. <br />Section 2-7. <br /> <br />Section 2-8. <br />Section 2-9. <br />Section 2-10. <br /> <br />of Note........ . . . . . . . . . . . . . . . . . . <br /> <br />The Initial Note................. <br />Execution. . . . . . . . . . . . . . . . . . . . . . . . <br /> <br />Delivery of Initial Note......... <br />Disposition of Note Proceeds..... <br />Registration of Transfer......... <br />Mutilated, Lost or Destroyed <br /> <br />N at e. .. ......................... <br /> <br />Ownership of Note... . . . . . . . . . . . . . <br />Limitation on Note Transfers..... <br />Issuance of New Notes............ <br /> <br />Page <br /> <br />1 <br />1 <br />3 <br />3 <br /> <br />5 <br /> <br />6 <br /> <br />6 <br />14 <br />15 <br />15 <br />16 <br />16 <br /> <br />17 <br />17 <br />17 <br />18 <br /> <br />ARTICLE THREE - GENERAL COVENANTS..................... 19 <br />Section 3-1. Payment of Principal and Interest. 19 <br />Section 3-2. Performance of and Authority <br /> <br />Section 3-3. <br /> <br />Section 3-4. <br />Section 3-5. <br /> <br />Enforcement and Performance of <br /> <br />for Covenants..................... 19 <br /> <br />Cove na n t s. . . . . . . . . . . . . . . . . . . . . . . . . <br /> <br />Nature of Security................ <br />Preservation of Tax Exempt Status <br /> <br />19 <br />20 <br /> <br />of the Note....................... 20 <br /> <br />ARTICLE FOUR - MISCELLANEOUS.......................... 22 <br />Section 4-1. Severability...................... 22 <br />Section 4-2. Authentication of Transcript...... 22 <br />Section 4-3. Registration of Resolution........ 22 <br />Section 4-4. Authorization to Execute <br /> <br />Agreements. . . . . . . . . . . . . . . . . . . . . . . . 22 <br /> <br />SIGNATURES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 <br />