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<br />convened, hereby consents to and approves the designation of the Bonds as "qualified tax-exempt <br /> <br />obligations" pursuant to Section 265(b)(3) of the Code; and <br /> <br />FURTHER RESOLVED, that the Town Council hereby certifies that the reasonably <br /> <br />anticipated amount of tax-exempt obligations (within the meaning of Section 265(b)(3) of the <br /> <br />Code) which have been or will be issued during 1999, by the Town and all entities subordinate <br /> <br />to the Town (within the meaning of Section 265(b)(3) of the Code), which are not "private <br /> <br />activity bond", other than "qualified 501(c)(3) bonds" (as those terms are defined in Section 141 <br /> <br />and 145 of the Code, respectively), will not exceed Ten Million Dollars ($10,000,000.); and the <br /> <br />Town Council further certifies that during 1999 the Town will not designate more than Ten <br /> <br />Million Dollars ($10,000,000.) of obligations as "qualified tax-exempt obligations". <br /> <br />This Resolution shall be in full force and effect upon compliance with IC 36-5-2 et seq. <br /> <br />APPROVED and signed this J..N.f day of March, 1999. <br /> <br />MOORESVILLE TOWN COUNCIL <br /> <br />¿J~ /~4/ <br />Joh Clark <br />~* !la, <br /> <br />Toby Dolen <br /> <br /> <br />It fA <br /> <br />- / /~ <br />JÚ/~ < ~ 1<t/L \.. <br />Andy Py an <br /> <br />;::'ill <br /> <br />Mark Mathis <br /> <br /> <br />.,-- <br /> <br />x ¿;~ <br />(--'/ &~ ¿- <br />Tom Warthen! <br />