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executed and to further the purposes and intent of this <br /> resolution, including the preamble hereto. Tlie Issuer hereby <br /> elects to apply to the Bonds the $10,000, 000 capital expenditure <br /> limit of Section 144(a) (4) of the Internal Revenue Code of 1986, <br /> as amended. <br /> Section 5. General Approvals. That all acts and doings <br /> of the officials of the Issuer which are in conformity with the <br /> purposes and intent of this resolution and in furtherance of the <br /> issuance and sale of the Bonds and the financing of the Project <br /> are hereby in all respects ratified, approved and confirmed. The <br /> Issuer hereby approves the plan of financing for the Project. - <br /> The Bonds shall be issued in compliance with and under the <br /> authority of the provisions of the Act and this resolution. <br /> Section 6. Separability. That the provisions of this <br /> resolution are hereby declared to be separable, and if any <br /> section, phrase or provision shall, for any reason, be declared <br /> i to be invalid, such declaration shall not affect the validity of <br /> the remainder of the sections, phrases or provisions. � <br /> Section 7. Conflict. That all ordinances, resolutions, <br /> orders or parts thereof in conflict with the provisions of this <br /> resolution are, to the extent of such conflict, hereby <br /> superseded. <br /> Section 8. Effective. This resolution shall be in full <br /> force and effect from and after its passage and approval, in <br /> accordance with applicable law. <br /> -7- <br />