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Morris Grove Elementary School and the 2007 County Justice Facility improvements) to <br />secure the County's obligations under the Financing Contract. <br />(c) A draft dated August 22, 2011, of a Trust Agreement to be dated on or <br />about September 1, 2011, between the Company and a Trustee, providing for the issuance <br />of limited obligation bonds to generate funds for the advance to the County under the <br />Financing Contract. The bonds are payable from amounts paid by the County under the <br />Financing Contract. <br />(d) A draft of a Bond Purchase Agreement to be dated on or about September <br />1, 2011, providing for the underwriters' obligations to purchase the bonds. The Bond <br />Purchase Agreement includes a Letter of Representation to be delivered by the County. <br />The final form of this Agreement will set out the final principal amount, principal <br />payment schedule and interest rates for the bonds. <br /> <br />I certify as follows: that the foregoing resolution was properly adopted at a <br />meeting of the Board of Commissioners of Orange County, North Carolina; that such <br />meeting was properly called and held on September 8, 2011; that a quorum was present <br />and acting throughout such meeting; and that such resolution has not been modified or <br />amended, and remains in full effect as of today. <br />Dated this ~ day of September, 201 . <br />[SEAL] <br />~Q'~~e ' ~o~~ Clerk, Board of Commissioners <br />~° °~ -- ¢G Oran e Count North Carolina <br />`_ g Y~ <br /> <br />r~j <br />4 <br />