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$1,500, 000 industrial development revenue bonds therefor . The <br /> parties have agreed to revise the _following Sections of the <br /> Original Memorandum of Agreement to read--as follows : <br /> Section 1 --:- <br /> " (C) The Company expects that the Industrial Project <br /> will cost approximately <br /> y $1,500,000,_ inclusive of interest <br /> during the period of construction, underwriting discount <br /> or commissions, if any, and legal, accounting, financing <br /> and printing expenses. " <br /> "(d) The Company has determined that the Industrial <br /> Project will create employment for approximately sixteen <br /> (16) persons and reserve 20 <br /> p jobs for persons in Orange <br /> County and the surrounding area. "- <br /> Section 2 <br /> • <br /> " (a) it will authorize the issuance and sale of one <br /> or more issues of its industrial development revenue <br /> bonds, pursuant to the terms of the Act as then in force, <br /> in an aggregate <br /> 9 principal amount not exceeding $1, 500,000 <br /> for the purpose of paying all or-A2 portion of the cost of <br /> the Industrial Project. " <br /> Section 3 <br /> "(b) It will make arrangements for the sale of the <br /> industrial development revenue bonds and cooperate with <br /> the Authority in making arrangements for the issuance of <br /> the industrial development revenue bonds in an aggregate <br /> 2. .. .. <br />