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<br />Section 3. <br /> <br />Approval and Authorization. <br /> <br />3.01. Subject to the mutual agreement of the County, the Company, and the purchaser of <br />the Bonds as to the details of the Bonds, the Loan Agreement, and other documents necessary to <br />evidence and effect the financing ofthe Project, the issuance of the Bonds, in one or more series, in <br />an amount not to exceed $2,600,000, is hereby approved and authorized to finance the Project. <br /> <br />3.02. Neither this commitment nor any actions, agreements, or legal matters relatedhereto <br />or executed in pursuance hereof, shall in any manner or form create an indebtedness or liability of <br />the County. <br /> <br />3.03. Federal legislation has imposed a cap or limit on the amount of tax-exempt private <br />activity bonds which may be issued in each state. Cass County hereby states that it has not made <br />inquiry and is without knowledge as to whether or not any Bonds issued pursuant to this Resolution <br />are subject to such limitation, will exceed such limitation or whether the interest paid thereon will <br />be exempt from taxation. <br /> <br />Dated February 5,2007. <br /> <br />APPROVED: <br /> <br />Chair, Board of County Commissioners <br /> <br />ATTEST: <br /> <br />Cass County Auditor <br /> <br />Commissioner <br />Commissioner <br />following voted in favor: <br />; the following voted against the same: <br />and the following were absent: <br />Resolution was declared duly passed and adopted. <br /> <br />moved the adoption of the foregoing Resolution; <br />seconded the motion, and, upon vote being taken thereon, the <br /> <br />; whereupon the <br />