1. MIDA Bond-Essentia Health
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1. MIDA Bond-Essentia Health
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document and do all things and execute all instruments and documents required to <br /> be done or executed by such officers, with full force and effect, which executions <br /> or acts shall be valid and binding on the County. <br /> Section 7. Trustee; Bond Registrar. The Board appoints the Bond Trustee as trustee and <br /> registrar for the Bonds. <br /> Section 8. Authority of County Auditor. The County Auditor is designated for all purposes <br /> of the County Documents as the County official authorized to execute on behalf <br /> of the County certificates, requests or consents as provided in or required by the <br /> County Documents. <br /> Section 9. Offering and Disclosure Materials. The Issuer has not participated in the <br /> preparation of or reviewed any offering or disclosure materials with respect to the <br /> offer and sale of the Bonds and the Issuer makes no representations or warranties <br /> regarding the necessity, sufficiency, accuracy, fairness, completeness or adequacy <br /> of any disclosure with respect to such offer and sale. <br /> Section 10. General Covenants; Limitations. <br /> a. Limitation of Liability. No agreement, covenant, or obligation contained in this <br /> resolution or in the County Documents shall be deemed to be an agreement, <br /> covenant, or obligation of any member of the Board, or of any officer, employee, <br /> or agent of the County in that person's individual capacity. Neither the members <br /> of the Board, nor any officer executing the Bonds, shall be liable personally on <br /> the Bonds or be subject to any personal liability or accountability by reason of the <br /> issuance of the Bonds. In making the agreements, provisions, covenants and <br /> representations set forth in the County Documents, the County has not obligated <br /> itself to pay or remit any funds or revenues, other than funds and revenues derived <br /> from the Obligated Group Note and the Loan Agreement which are to be applied <br /> to the payment of the Bonds as further provided in the Bond Indenture. <br /> b. Nature of Security. <br /> i. The Bonds will be special limited obligations of the County, the proceeds <br /> of which shall be disbursed pursuant to the Bond Indenture and the Loan <br /> Agreement, and the principal, premium and interest on the Bonds shall be <br /> payable solely from the proceeds of the Bonds and revenues derived from <br /> the Loan Agreement, the Obligated Group Note and the other sources set <br /> forth in the Bond Indenture and the Loan Agreement. <br /> ii. Notwithstanding anything contained in the Bonds or the Documents or any <br /> other document referred to herein to the contrary, under the provisions of <br /> the Act the Bonds may not be payable from or be a charge upon any funds <br /> of the County or the State other than the revenues and proceeds pledged to <br /> the payment thereof, nor shall the County or the State be subject to any <br /> liability thereon, nor shall the Bonds otherwise contribute or give rise to a <br /> pecuniary liability of the County or the State or any of their officers, <br /> 6 <br />
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