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Section 4. Each of the Chairman of the Board of Commissioners, the County Manager <br />and the Finance Director is authorized to approve all details of the financing of the Project, <br />including, without limitation, the amount advanced under the Contract (which shall not exceed <br />$ 7.400.000), the principal amounts and the variable interest amounts of the <br />Deleted: 4.1,3, ~ per annum on a true <br />Installment Payments, which interest amounts shall not exceed 0.515% of.30-day LIBOR ,.' '"1tfes1BOSa6as~e <br />plus 91 basis points. Execution of the Contract by the Chairman of the Board of Commissioners <br />or the County Manager shall conclusively evidence such approval of all such details of said <br />financing. <br />Section 5. The Chairman of the Board of Commissioners, the County Manager, the <br />Finance Director and the County Attorney are each hereby authorized to take any and all such <br />further action, including approval of modifications to the Financing Documents, and to execute <br />and deliver for and on behalf of the County such other documents and certificates (including, <br />without limitation, agreements with securities depositories, financing statements, appropriate tax <br />certificates and agreements and other documents and agreements (including repurchase <br />agreements) relating to the investment of the proceeds from the execution and delivery of the <br />Contract) as they may deem necessary or advisable to carry out the intent of this resolution and <br />to effect the financing pursuant to the Contract and the other Financing Documents. The County <br />Clerk is hereby authorized to affix the sea( of the County to such documents and certificates as <br />may be appropriate and to attest to the same and to execute and deliver the same as may be <br />needed. <br />Section 6. The County covenants that, to the extent permitted by the Constitution and <br />laws of the State of North Carolina, it will do and perform all acts and things to comply with the <br />requirements of the Internal Revenue Code of 1986, as amended (the "Code"), in order to assure <br />4 <br />L,$ "~ <br />