Orange County NC Website
Browse       Search
S <br />(c) Letter of Credit and Reimbursement Agreement <br />dated as of September 1, 1990 (the "Reimbursement <br />Agreement ") between First Union National Bank of North <br />Carolina (the "Bank ") and the Company with form of <br />Letter of Credit attached thereto; <br />(d) Deed of Trust dated as of September 1, 1990 <br />(the "Deed of Trust ") from the Company to a Deed of <br />Trust Trustee for the benefit of the Authority and the <br />Bank; <br />(e) Security Agreement dated as of September 1, <br />1990 (the "Security Agreement ") between the Company and <br />the Bank; <br />(f) Remarketing Agreement dated as of <br />September 1, 1990 among the Authority, the Company and <br />The Bank of New York (as "Remarketing Agent "); <br />(g) Placement Agreement dated as of September 1, <br />1990 among the Bank, as Placement Agent, the Issuer and <br />the Company; <br />(h) Purchase Contract dated as of September 1, <br />1990 among the Bank, the Company and the Authority; <br />(i) Tender Agency Agreement dated as of <br />September 1, 1990 between the Company and Branch <br />Banking and Trust Company, as Trustee and as Tender <br />Agent; <br />(j) Pledge Agreement dated as of September 1, <br />1990 between the Company and the Bank; and <br />(k) Private Placement Memorandum. <br />WHEREAS, the Authority desires and deems it expedient to <br />issue and sell the Bonds pursuant to the Act, the Trust Indenture <br />and this Resolution and to loan the proceeds thereof to the <br />Company to finance the Project; <br />NOW, THEREFORE, BE IT RESOLVED by The Orange County <br />Industrial Facilities and Pollution Control Financing Authority <br />as follows: <br />Section 1. The Authority hereby affirms that the Project <br />will promote the right to gainful employment opportunity and <br />private industry and thereby promote the general welfare of the <br />people of the State of North Carolina by, among other things, <br />providing jobs in Orange County, and that the Authority, in <br />assisting with the financing of the acquisition, construction and <br />installation of the Project, will be acting in furtherance of the <br />public purposes for which it was created. <br />3 <br />