1. MIDA Bond-Oak Grove School - Laserfiche WebLink

indebtedness; but nothing in the Act impairs the rights of the Lender to enforce the covenants made for the security thereof as provided in this Bond Resolution, the Loan Agreement and the Pledge Agreement, and in the Act, and the Issuer has made the covenants and agreements herein for the benefit ofthe Lender; provided that in any event, the agreement ofthe Issuer to perform or enforce the covenants and other provisions contained herein and in the Bonds, the Loan Agreement and the Pledge Agreement shall be subject at all times to the availability of revenue under the Loan Agreement or held in the Bond Account and the Proceeds Account sufficient to pay all costs of such performance or the enforcement; thereof, and the Issuer shall not be subject to any personal or pecuniary liability thereon. ARTICLE FOUR MISCELLANEOUS 4.1. SEVERABILITY. If any provision of this Bond Resolution shall be held or deemed to be or shall, in fact, be inoperative or unenforceable as applied in any particular case in any jurisdiction or jurisdictions or in all jurisdictions or in all cases because it conflicts with any provisions of any constitution or statute or rule or public policy, or for any other reason, such circumstances shall not have the effect of rendering the provision in question inoperative or unenforceable in any other case or circumstance or of rendering any other provision or provisions herein contained invalid, inoperative, or unenforceable to any extent whatever. The invalidity of any one or more phrases, sentences, clauses or paragraphs in this Bond Resolution contained shall not affect the remaining portions of this Bond Resolution or any part thereof. 4.2. AUTHENTICA TION OF TRANSCRIPT. The officers of the Issuer are directed to furnish to Bond Counsel certified copies of this Bond Resolution and all documents referred to herein, and affidavits or certificates as to all other matters which are reasonably necessary to evidence the validity of the Bonds. All such certified copies, certificates and affidavits, including any heretofore furnished shall constitute recitals of the Issuer as to the correctness of all statements contained therein. 4.3. AUTHORIZATION TO EXECUTE AGREEMENTS. The forms of the proposed Loan Agreement and the Pledge Agreement are hereby approved in substantially the form on file in the office of the County Auditor, together with 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 Bond Counsel prior to the execution of the documents, and the Chair ofthe Board of County Commissioners and County Auditor of the Issuer (collectively, the "Issuer Officers"), are authorized to execute the Loan Agreement and the Pledge Agreement in the name of and on behalf of the Issuer and such other documents as Bond Counsel considers appropriate in connection with the issuance of the Bonds. In the event of the absence or any disability of any of the Issuer Officers such officers of the Issuer as, in the opinion of the Issuer's attorney, may act in their behalf, shall without further act or authorization ofthe County Commission do all things and execute all instruments and documents required to be done or executed by such absent or disabled officers. The execution of any instrument (including the Bonds) by the appropriate -6-