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named therein (collectively, the Underwriters"), pursuant to <br />which the Underwriters agree to purchase the Bonds for sale to <br />the public; <br /> <br /> WHEREAS, the obligations of the County to make Installment <br />Payments and other payments pursuant to the Contract shall <br />constitute limited obligations of the County payable solely from <br />currently budgeted appropriations of the County and shall not <br />constitute a pledge of the faith and credit of the County within <br />the meaning of any constitutional debt limitation; <br /> <br /> WHEREAS, no deficiency judgment may be rendered against the <br />County in any action for breach of a contractual obligation under <br />the Contract, and the taxing power of the County is not and may <br />not be pledged in any way directly or indirectly or contingently <br />to secure any moneys due under the Contract; and <br /> <br /> WHEREAS, the Board of Commissioners desires to approve the <br />Financing Documents and to authorize other actions in connection <br />therewith; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Board of <br />Commissioners, as follows: <br /> <br /> Section 1. Ail actions taken by or on behalf of the County <br />to date to effectuate the proposed financing, including the <br />selection of the Underwriters, are hereby ratified, approved and <br />authorized pursuant to and in accordance with the transactions <br />contemplated by the Financing Documents. <br /> <br />4 <br /> <br /> <br />