1. MIDA Bond-Essentia Health - Laserfiche WebLink

shall be executed by the acting Chairman of the Board of County Commissioners, and in the absence of the County Auditor by such officer of the County who, in the opinion of the County Attorney, may execute such documents. Section 5. The Bonds. 5.01. Form and Authorized Amount. The Bonds shall be issued on the date, in the form and upon the terms and in accordance with the registration provisions set forth in the Indenture, subject to the parameters set forth in Section 3.04 hereof, in the total principal amount of up to $145,000,000. The Bonds shall be payable as to both principal and interest to the registered Holder thereof at the principal office of the Trustee. 5.02. Execution. The Bonds shall be executed on behalf of the County by the signatures of the Chairman of the Board of County Commissioners and the County Auditor. In case any officer whose signature shall appear on the Bonds shall cease to be such officer before the delivery thereof, such signature shall nevertheless be valid and sufficient for all purposes. Section 6. Limitations of the County's Obli~ations. Notwithstanding anything contained in the Bonds, the Loan Agreement, the Indenture, the Joint Powers Agreement or the Bond Purchase Agreement to the contrary, the Bonds shall not be payable from nor charged upon any funds of the County other than the revenue under the Loan Agreement pledged to the payment thereof, nor shall the County be subject to any liability thereon. No Holder or Holders of the Bonds shall ever have the right to compel any exercise of the taxing power of the County to pay the Bonds or the interest thereon, nor to enforce payment thereof against any property of the County, other than the revenue under the Loan Agreement pledged to the payment thereof. The Bonds shall not constitute a charge, lien, or encumbrance, legal or equitable, upon any property of the County, other than the revenue under the Loan Agreement pledged to the payment thereof. The Bonds, including interest and premium, if any, thereon, are payable solely from the revenue under the Loan Agreement pledged to the payment thereof. The Bonds shall not constitute a debt of the County within the meaning of any constitutional or statutory limitation of indebtedness. Section 7. Certification of Proceedings. The officers of the County are directed to prepare and furnish to the Underwriter, and to the attorneys rendering an opinion as to the legality of the issuance of the Bonds, certified copies of all proceedings and records of the County, and such other affidavits, certificates and information as may be required to show the facts relating to the legality of the Bonds as the same appears from the books and records under their custody and control or as otherwise known to them, and all such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representatives of the County as to the facts stated therein. Section 8. No Litigation. No litigation of any nature has been commenced against the County by service of process upon the County regarding, restraining, or enjoining the issuance, sale and making of the Bonds, nor contesting the statutory powers granted by the Act, in connection with the issuance of the Bonds, nor regarding the organizational and boundaries of the County or the right of the County Commissioners or officers to their respective offices. To 6