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080384/45311 <br /> WHEREAS, the Issuer has determined that the acquisition and <br /> construction of industrial development facilities by the Com- <br /> pany within the boundaries of the Issuer (such industrial de- <br /> velopment facilities being more fully described in Annex A <br /> attached hereto and herein called the "Project" ) , will facili- <br /> tate economic development and employment opportunities and will <br /> be consistent with the public purposes set forth in the Act; and <br /> WHEREAS, the Issuer and the Company desire to cooperate in <br /> the financing of the Project and to have the costs of the Proj- <br /> ect financed from the proceeds of revenue bonds of the Issuer <br /> (herein called the "Bonds" ) to be issued pursuant to the Act in <br /> an aggregate principal amount not to exceed $5, 000 , 000; and <br /> WHEREAS, it will be necessary for the Issuer to appoint <br /> nationally recognized bond counsel to assist in issuing the <br /> Bonds and to render an opinion; and <br /> WHEREAS, the Issuer and the Company contemplate that the <br /> Project will be constructed by the Company, financed through a <br /> loan from the Issuer to the Company, and that the payments to <br /> the Issuer on such loan together with other moneys available <br /> shall be sufficient to pay debt service on the Bonds and all <br /> related costs; <br /> NOW, THEREFORE, in consideration of the premises and other <br /> good and valuable consideration and of the mutual benefits , <br /> covenants and agreements herein expressed, the Issuer and the <br /> Company agree as follows : <br /> -2- <br />