2. MIDA Bond/NDSU
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2. MIDA Bond/NDSU
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<br />jurisdiction or jurisdictions or in all jurisdictions or in all cases because it conflicts with any <br />provisions of any constitution or statute or rule or public policy, or for any other reason, such <br />circumstances shall not have the effect of rendering the provision in question inoperative or <br />unenforceable in any other case or circumstance or of rendering any other provision or provisions <br />herein contained invalid, inoperative, or unenforceable to any extent whatever. The invalidity of any <br />one or more phrases, sentences, clauses or paragraphs in this Bond Resolution contained shall not <br />affect the remaining portions of this Bond Resolution or any part thereof. <br /> <br />4.2. AUTHENncA TION OFTRANSCRIPT. The officers ofthe Issuer are directed to furnish <br />to Bond Counsel certified copies of this Bond Resolution and all documents referred to herein, and <br />affidavits or certificates as to all other matters which are reasonably necessary to evidence the <br />validity of the Bonds. All such certified copies, certificates and affidavits, including any heretofore <br />furnished shall constitute recitals of the Issuer as to the correctness of all statements contained <br />therein. <br /> <br />4.3. AUTHORIZA nON TO EXECUTE AGREEMENTS. The forms of the proposed Loan <br />Agreement and the Pledge Agreement are hereby approved in the form heretofore presented to the <br />County Commission together with such additional details therein as may be necessary and <br />appropriate and such modifications thereof, deletions therefrom and additions thereto as may be <br />necessary and appropriate and approved by Bond Counsel prior to the execution of the documents, <br />and the Chair of the Board of County Commissioners and County Auditor of the Issuer (collectively, <br />the "Issuer Officers"), are authorized to execute the Loan Agreement and the Pledge Agreement in <br />the name of and on behalf of the Issuer and such other documents as Bond Counsel consider <br />appropriate in connection with the issuance of the Bonds. In the event of the absence or any <br />disability of any of the Issuer Officers such officers of the Issuer as, in the opinion of the Issuer <br />attorney, may act in their behalf, shall without further act or authorization ofthe County Commission <br />do all things and execute all instruments and documents required to be done or executed by such <br />absent or disabled officers. The execution of any instrument (including the Bonds) by the appropriate <br />officer or officers ofthe Issuer herein authorized shall be conclusive evidence of the approval of such <br />documents in accordance with the terms hereof. <br /> <br />4.4. FUTURE AMENDMENTS. The authority to approve, execute and deliver, on behalf of <br />the Issuer, future amendments to financing documents entered into by the Issuer in connection with <br />the issuance of the Bonds is hereby delegated to the Chair of the Board of County Commissioners <br />and County Auditor, subject to the following conditions: (a) such amendments do not materially <br />adversely affect the interests of the Issuer as the issuer of the Bonds; (b) such amendments do not <br />contravene or violate any policy of the Issuer; (c) such amendments are acceptable in form and <br />substance to the Issuer Attorney or other counsel retained by the Issuer to review such amendments; <br />and (d) the Issuer has received an opinion of bond counsel to the effect that the amendments will not <br />adversely affect the tax-exempt character of interest on the Bonds. The authorization hereby given <br />shall be further construed as authorization for the execution and delivery of such certificates and <br />related items as may be required to demonstrate compliance with the agreements being amended and <br />the terms of this Bond Resolution. The execution of any instrument by the Chair of the Board of <br />County Commissioners or County Auditor, shall be conclusive evidence of the approval of such <br />instruments in accordance with the terms hereof. In the absence of the Chair of the Board of County <br /> <br />-6- <br />
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