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who wished to speak at the public hearing. The Cl~rk to the <br />Board made such ~nqulry and reported that no other persons wished <br />to speak at the public hearing. The names and addresses'of the <br />persons who were present and who offered comments on the proposed <br />issuance of the industrial development revenue bonds to finance <br />the Industrial Project and a su~amary of their testimony is <br />appended as Exhibit B. <br /> <br /> At : .M. [at least 15 minutes after the time <br />shown on page 1 as the time of the start of the public hearing], <br />the Chairman requested that the Clerk to the Board inquire again <br />to determine whether there were any other persons present who <br />wished to speak at the public hearing. The Clerk to the Board <br />made such inquiry and reported that there were no other persons <br />who wished to speak at the public hearing. <br /> <br /> After the Board had heard all persons who had requested <br />to be heard, Commissioner moved that the pub- <br />lic hearing be closed. The motion was seconded by Commis- <br />sioner and was unanimously adopted. <br /> <br /> The Chairman stated that under the Internal Revenue <br />Code of 1954, as amended, the Board must approve the issuance of <br />the Authority's industrial development revenue bonds if the in- <br />terest thereon is to be exempt from federal income tax. <br /> <br /> Commissioner then introduced the <br />following resolution, a copy of which was distributed to each <br />Commissioner: <br /> <br /> --3-- <br /> <br /> <br />