Laserfiche WebLink
Section 6. Appointment of Trustee. First Trust Washington, Seattle, Washington, is <br /> hereby designated as Trustee for the Bonds and further as the paying agent for the Bonds. The <br /> Development Corporation does request and authorize the Trustee on behalf of the Development <br /> Corporation to authenticate the Bonds and the President or the Vice President of the Board is <br /> authorized to execute a formal request to authenticate for and on behalf of the Development <br /> Corporation. <br /> Section 7. Further Documents and Certificates. The President, Vice President, Secretary <br /> and such other officers of the Development Corporation as may be appropriate, are authorized <br /> and directed to execute any and all documents and do any and all things determined necessary to <br /> effect the accomplishment of the issuance, placement and delivery of the Bonds and to deliver the <br /> necessary documents to the proper parties as requested to carry out the intended purposes of this <br /> resolution. <br /> Section 8. Limitations on Liability. Nothing contained in this resolution nor in the Bonds, <br /> the Loan Agreement, the Indenture, the Placement Agent Agreement, nor any other instrument, <br /> shall be construed with respect to the Development Corporation or the City of Everett (the <br /> "City") as incurring a pecuniary liability or charge upon the general credit of the Development <br /> Corporation or the City or against the taxing power of the City, nor shall the breach of any <br /> agreement contained in this resolution, the Bonds, the Loan Agreement, the Indenture, the <br /> Placement Agent Agreement, or any other instrument or document executed in connection <br /> -5- CM W 1 GQ.DOC 95/05/08 <br />