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r RESOLUTION ~, 1999 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF MOORESVILLE, INDIANA, REGARDING THE DESIGNATION OF THE HOSPITAL FACILITIES REVENUE BONDS, SERIES 1999 (KENDRICK MEMORIAL HOSPITAL, INC. PROJECT) AS "QUALIFIED TAX-EXEMPT OBLIGATIONS" PURSUANT TO SECTION 26S(B)(3) OF THE INTERNAL REVENUE CODE WHEREAS, pursuant to Indiana Code Title 5, Article 1, Chapter 4, as supplemented and amended, (the "Act"), the Hospital Authority of Mooresville (Indiana), a body corporate and politic duly organized and validly existing under the laws of the State of Indiana (the "Authority"), is authorized and empowered to issue its revenue bonds for the purpose of financing, acquiring, constructing, equipping and leasing a "project", as defined in the Act, to a "Participating Hospital", as defined in the Act, located in the Town of Mooresville, Indiana (the "Town"); and WHEREAS, the Authority has heretofore adopted a Resolution, dated February 24, 1999, approving the issuance of its Hospital Facilities Revenue Bonds in an amount not to exceed $4.500.000. (the "Bonds") in order to finance additional hospital facilities for Kendrick Memorial Hospital, Inc., an Indiana nonprofit public benefit corporation (the "Borrower") to be located at 1201 Hadley Rd., Moòresville, Indiana, such hospital facilities consisting of the construction, installation and equipping of an approximately 38,255 square foot addition to an existing hospital facility (the "Project"); and WHEREAS, the Authority has designated the Bonds as "qualified tax-exempt obligations" pursuant to Section 265(b)(3)(E)(ii) of the Code), has requested that the Town Council of the '-- Town of Mooresville, Indiana (the "Town Council") consent to and approve the designation of the Bonds as "qualified tax-exempt obligations"; NOW, THEREFORE, BE IT RESOLVED that the Town Council, being properly