2. MIDA Bond/Plains Art Museum - Laserfiche WebLink

3. Under the provisions of the Act, and as provided in the Loan Agreement and Indenture, the Bonds are not to be payable from or charged upon any funds other than the revenue pledged to the payment thereof; the County is not subject to any liability thereon; nor shall the holder of any Bonds ever have the right to compel any exercise by the County of its taxing powers to pay any of the Bonds or the interest or premium thereon, or to enforce payment thereof against any property of the County except the interest of the County in the Loan Agreement which has been assigned to the Trustee under the Indenture; the Bonds shall not constitute a charge, lien or encumbrance, legal or equitable upon any property of the County except the interest of the County in the Loan Agreement which has been assigned to the Trustee under the Indenture; the Bonds shall recite that the Bonds are issued without obligation on the part of the State or its political subdivisions, and that the Bonds, including interest thereon, are payable solely from the revenues pledged to the payment thereof; and, the Bonds shall not constitute a debt of the County within the meaning of any constitutional or statutory limitation. 4. Subject to the approval of the County's counsel, the forms of the Loan Agreement and Indenture and all other documents necessary for the issuance of the Bonds are approved. The Loan Agreement and the Indenture, in substantially the forms submitted, are directed to be executed in the name and on behalf of the County by the Chair of the Board of County Commissioners and the County Auditor. Any other documents and certificates necessary to the transaction described above shall be executed by the appropriate County officers. Copies of all of the documents necessary to the transaction herein described shall be delivered, filed and reported as provided herein and in the Loan Agreement and the Indenture. 5. The County shall forthwith proceed to issue its Bonds, in the form and upon the terms set forth in the Indenture. The Chair of the Board of County Commissioners and County Auditor are authorized and directed to prepare and execute the Bonds as prescribed in the Indenture and to deliver them to the Trustee for authentication and delivery to U.S. Bank National Association, Fargo, North Dakota (the "Bond Purchaser"). 6. The Chair of the Board of County Commissioners and County Auditor and other officers of the County are authorized and directed to prepare and furnish to the Bond Purchaser a certified copy of all proceedings and records of the County relating to the Bonds and such other affidavits and certificates as may be required to show the facts relating to the legality of the Bonds, as such facts appear from the books and records in the Officers custody and control or as otherwise known to them; and all such certified copies, certificates and affidavits concluding any heretofore furnished, shall constitute representations of the County as to the truth of all statements contained therein. 7. The approval hereby given to the various documents referred to above includes approval of such additional details therein as may be necessary and appropriate and such modifications thereof, deletions therefrom and additions thereto as may be necessary and appropriate and approved by the County's counsel and the County officials authorized herein to execute said documents; and said County officials are hereby authorized to approve said changes on behalf of the -2-