Agenda - 02-04-1980 - Laserfiche WebLink

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i The documents presented were delivered to the Secretary of the Authority, and directed to be marked Exhibits A, B, Cr D and E respectively, and thereby to became a pant of the permanent records of the Authority. Commissioner Bergman introduced the following resolution, which wys read aloud: RESOs..UTION APPROVING AND AUTHORIZING THE ISSUANCE OF A $2,000,000 INDUSTRIAL REVENUE BOND (W.H. BRADY CO. PROJECT) OF THE AUTHORITY, AUTHORIZING SALE OF THE BOND PURSUANT TO A BOND PURCHASE AGREEMENT, AUTHORIZING EXECUTION AND DELIVERY OF A LOAN AGREEMENT, AN ASSIGNMENT AND A SECURITY AGREEMENT, APPROVING THE FORM AND AUTHORIZING ENDORSM(ENT AND PLEDGE OF THE NOTE, APPROVING THE FORM OF THE DEED OF TRUST, !KAKING A TAX ELECTION, AND AUTHORIZING EXE-CUTION AND DE- LIVERY OF CLOSING DOCUMENTS, ALL IN CONNECTICN WITH THE FINANCING OF AN .INDUSTRIAL PROJECT FOR W.A. BRADY CO. BE IT RESOLVED by the Board of Commissioners (the "R,oard") of The Orange County Industrial Facilities and Pollaticn Control Financing Authority (the "Authority") as follows- Section 1. The Authority hereby approves the Loan Agreement, dated as of January 1, 1980 (the "Loan Agreement") , by and between the Authority and the Company, in th-a fc=m of that which has been presented to the Board at this ineeting, and the Chairman or the Vice Chairman and the Secretary or the Assistant Secretary of the Authority are hereby authorized to execute and deliver the Loan Agreement, in any wm ber of signed counterparts, for and on behalf of the Authority in substantially such form with such changes therein, .additions thereto, and omissions therefrom as those executing the Loan Agreement shall approve, their execution and delivery thereof constituting the conclusive approval of the Authority of any changes therein or additions thereto or omissions therefrom. Section 2. The Authority hereby approves tiie Assign- ment dated as of January 1, 1980 (the "Assignment") , from the Authority to the Purchaser, in the form of that which has been presented to the Board at this meeting, and the Chairman or the Vice Chairman and the Secretary or the Assistant Sec- retary of the Authority are hereby authorized to execute and deliver the Assignment in any number of signed counterparts, for and on behalf of the Authority in substantially such form with such changes therein, additions thereto, and omissions therefrom as those executing the Assignment shall approve, their execution and delivery thereof constituting the cion- clusive approval of the Authority of any changes therein or r 8: