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4 <br />(4) approve the form of the Note and authorize th <br />endorsement thereof without recourse to the order of and th <br />pledge thereof to the Trustee; <br />(5) approve and authorize the execution, delivery an <br />performance of the Remarketing Agreement, dated as o <br />September 1, 1990, among the Authority, the Company and Th <br />Bank of New York, as Remarketing Agent (the " Remarketin, <br />Agent "); <br />(6) approve and authorize the execution, delivery ant <br />performance of the Placement Agreement, dated as of Septembe: <br />1, 1990, among the Authority, the Company, and First Unioi <br />National Bank of North Carolina (the "Bank "); <br />(7) approve and authorize the execution, delivery an( <br />performance of the Purchase Contract, dated as of September <br />1, 1990 among the Authority, the Company and the Bank; <br />(8) approve the form of each of the Letter of Credit <br />and Reimbursement Agreement (the "Reimbursement Agreement "; <br />dated as of September 1, 1990, the Deed of Trust dated as ol <br />September 1, 1990, the Tender Agency Agreement dated as of <br />September 1, 1990, the Pledge Agreement dated as of September <br />1, 1990, the Letter of Credit issued under the Reimbursement <br />Agreement and the section of the form of Private Placemeni <br />Memorandum describing the Authority; <br />(9) approve and authorize the execution, delivery anc <br />performance of various other documents and instruments, datec <br />as of September 1, 1990 by the Authority in connection witt <br />the issuance and sale of the Bonds; <br />(10) approve the forms of the various other document: <br />and instruments dated as of September 1, 1990 to be executec <br />and delivered in connection with the issuance and sale of the <br />Bonds; <br />(b) The Board of Commissioners for the County of Orange ha <br />reviewed the action that will be taken by the Board o <br />Commissioners of the Authority in connection with the issuanc <br />and sale of the Bonds and has made such other examination an <br />investigation as it deems necessary and relevant as the basis fo <br />the approval set forth herein. <br />Section 2. Pursuant to and in satisfaction of the requirement! <br />of Section 159C -4(d) of the General Statutes of North Carolina, the <br />Board of Commissioners. for the County of Orange hereby approves the <br />issuance by the Authority of the Authority's Industrial Developmeni <br />Revenue Bonds (Mebane Packaging Corporation Project) Series 1990, in the <br />aggregate principal amount of $5,200,000. <br />