7171 AUTHORIZING THE FINANCING OF INDUSTRIAL FACILITIES (INDUSTRIAL DEVELOPMENT REVENUE BONDS)

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� ! � prompt payment at maturity of the principal, interest and redemption premiums, if any, •on such revenue bonds , all as set forth in the de�ails and provisions of the Industrial Loan Agreement hereinafter . identified; and WHEREAS, it is necessary and proper for the interests and convenience of the Issuer and its inhabitants to authorize the financing of the Pro�ect, and the same is a matter pertai.ning to the government and. ��ffairs of the Issuer; and WHEREAS, it is necessary to authorize the execution of an Industrial Loan Agreement between the Issuer and the Company, under the terms of which the Issuer will loan the proceeds of the sale of such revenue bonds to the Company to enable it to acquire, construct and install the Pro�ect , the payments to be paid by the Company to the Issuer in repayment of the loan to be sufficient to pay at maturity the principal, interest and redemption premiums , if any, on the revenue bonds hereinafter authorized; and WHEREAS, it is necessary for the Issuer to execute and deliver an Industrial Indenture of Trust to� Harris Trust and Savings Bank, 1 as Trustee (the "Trustee") for the bondholders pursuant to which the said revenue bonds will be issued; and WHEREAS , it is necessary to authorize the sale of said revenue bonds and to execute a Bond Purchase Agreement and Offering Memorandum in connection therewith; and WHEREAS, the Issuer has caused to be prepared and pre- sented to this meeting the following documents, which the Issuer proposes to enter into : � 1.. The form of Industrial Loan Agreement dated as of October 1, 1976 , . between the Issuer and the Company (the "Loan Agreement" ) ; 2. The form of Industrial Indenture of Trust dated �as of October l, 1976, between the Issuer and the Trustee, setting forth terms, conditions and security requirements -2-