Resolution 4311 - Laserfiche WebLink

the Bonds as provided in the Indenture and to deliver such Bonds to the Trustee hereinafter named for authentication and thereafter to deliver the Bonds to the purchasers upon the simultaneous payment of the purchase price as specified in the Placement Agent Agreement. Section 6. Appointment of Trustee. First Trust National Association, Seattle, Washington, is hereby designated as Trustee for the Bonds and further as the paying agent for the Bonds. The Development Corporation does request and authorize the Trustee on behalf of the Development Corporation to authenticate the Bonds and the President or the Vice President of the Board is authorized to execute a formal request to authenticate for and on behalf of the Development Corporation. Section 7. Further Documents and Certificates. The President, Vice President, Secretary and such other officers of the Development Corporation as may be appropriate, are authorized and directed to execute any and all documents and do any and all things determined necessary to effect the accomplishment of the issuance, placement and delivery of the Bonds and to deliver the necessary documents to the proper parties as requested to carry out the intended purposes of this resolution. Section 8. Limitations on Liability. Nothing contained in this resolution nor in the Bonds, the Loan Agreement, the Indenture, the Placement Agent Agreement, nor any other instrument, shall be construed with respect to the Development Corporation or the City of Everett (the "City") as incurring a pecuniary liability or charge upon the general credit of the Development Corporation or the City or against the taxing power of the City, nor shall the breach of any agreement contained in this resolution, the Bonds, the Loan Agreement, the Indenture, the Placement Agent Agreement, or any other instrument or document executed in connection -5- CMW297 DOC 96/08/12