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<br />, <br />. ."f <br /> <br />proecedings in conoeotion with 1he authorization or issuance of the cwes Loans more than 30 <br />days after the issuance OfButhorizatiotl of such securities, whichever occurs later. <br /> <br />Seedon 11. Com and Expensa. All costs and expenses inCUrred in cmmection with <br />the issuance and payment of the CWCB Low shatt be paid either from. the proceeds of '!he <br />CWCB Loans or from legaJ.ly available mot'J.eY$ of the District, or I.1'om a C01nbination d1e.reo( <br />and such mOl1oyB are hereby appropriated for that pwpOBe. <br /> <br />Bedlon 12. ResolutioD is Co~traet wJtb the State and Irrepealable. Mer the CWCB <br />Loans have beelt eJteauted, this Resolution. shall be and remain a COI11raot between the District <br />aM. the State aDd shall be end remain irrepealable vntit aU amol'Ulfs due. with res,peot to 1he <br />OWCB Loans sb.aJJ be fuJly paid. satisfied and discharged and all other obligations of the District <br />with respect to fhe CWCB Loans sbal1 have been satisiied in the manner provided herein. <br /> <br />Section 13. Severabfllty. It is hereby expressly declared that all provisions hereof and <br />their applicatkm are intended to be 8J1d aro severable. In order to implement suob Ib._ if'anr <br />pratlision hereof or ~ application thereof is dettmdncd by a court or adm1n.fsttative body to be <br />ihvaJid or uneotorceable~ h\ whole or in pm, sUch determination ,ball not affect, impair or <br />inva.Udate any other provision hereof or the application of the provision in question to any other <br />situation; and if any provfsion haeof. or the application thereof ill . detetmined by a court. or <br />admiDisfratlV8 body to be vaUd or enforceable only if its application t, limited, its appUcation <br />~1~mw~u~~~aM~~]~~~~a . <br /> <br />SecttOQ 14. Repeal of &eollsllJteDt. ResolQttoDS, Bylaw'st Rul. and Ord.etB. All <br />resoNtions. by1aw~ rules and orders, Of parts thBreO( that arc incon.sJsten.t with or in conflict <br />with this R.esoluti.~ are hereby repealed to the extent of such inconsistency or conflict <br /> <br />Seetion 15. Ratification of Prlor ActionJ. AD actions heretofore taken (not <br />inconsistent"Vith tho provisions ofdrls Rcso1utiog, the Acts or the BaUot Question) by the Board <br />Of," by the oflicers and employees of the District directed towatd the issutmce orb eweB Loans <br />:fur the putposes herein set :lb11h ar= hereby ratified, approved and ~onfirmed. The te8olu.1ion of <br />1he DiBtrict adopted and approved on or about July IS. 200~ autborlzins the execution ot iho <br />2003 Loan Con1ract Is het'tlby 1'eRffi"",ed.. <br /> <br />Sectloa 16. Effective Date. this Resolution shall be in full fome and emd <br />immediately upon adoption by the Board.. <br /> <br />Section 17. Conelusive ItecltaL Pl.JmIant to Section210 of Supp1em.ental Act. the <br />CWCB Loans s1:ian cont.ain teeitals that they are Issued pursuant to the Supplememal Act. <br /> <br />ADOPTED AND APPROVED 1his 1~ day of 1une, 2004. <br /> <br />[D1$'tRJth;:lijlAL] <br /> <br />,'. <br />'.' <br /> <br />By ~~. - , <br />Fd lee... 'C#/iJ.""..+- <br /> <br />'"'~ 1\ ~.. <br />. ~ <br /> <br />'Attest:: <br /> <br />"'. ..,- <br /> <br />'. <br />'. <br /> <br />02-1'164t5.1 <br /> <br />8 <br />