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• <br /> principal amount not exceeding $1,500,000 and to the <br /> extent that the proceeds derived from the sale of the <br /> industrial development revenue bonds are not sufficient to <br /> complete the Industrial Project, the Company will supply <br /> all additional funds which are necessary for the comple- <br /> tion of the Industrial Project . " <br /> that bond counsel for the Authority had prepared and distributed a <br /> Supplemental Memorandum of Agreement, that counsel to the Author- <br /> ity had reviewed the Supplemental Memorandum of Agreement, that <br /> the Company had requested that the Authority approve and execute <br /> the Supplemental Memorandum of Agreement, and that he believed <br /> that it was in order for the Authority to approve the Supplemental <br /> Memorandum of Agreement and authorize its officers to execute the <br /> same. <br /> Commissioner Tiemann then introduced the fol- <br /> lowing resolution, a copy of which was distributed to each Commis- <br /> sioner and the title of which was read: <br /> RESOLUTION AUTHORIZING EXECUTION OF A SUPPLEMENTAL <br /> MEMORANDUM OF AGREEMENT BY AND BETWEEN THE ORANGE COUNTY <br /> INDUSTRIAL FACILITIES AND POLLUTION CONTROL FINANCING <br /> AUTHORITY AND ISOTECHNOLOGIES, INC. RELATING TO THE <br /> FINANCING OF AN INDUSTRIAL PROJECT IN ORANGE COUNTY, <br /> NORTH CAROLINA. <br /> WHEREAS, The Orange County Industrial Facilities and Pol- <br /> :.l lution Control Financing Authority ( the "Authority" ) desires to <br /> authorize the execution of the Supplemental Memorandum of <br /> 3. <br />