Laserfiche WebLink
<br />Chairman of the Board <br />of Directors <br />Vice President <br />Secretary/Treasurer <br />Directors: <br /> <br />James Miller <br />William Schaefer <br />James Park <br />Donald Meining <br />Albert Lind, Jr. <br /> <br />District Manager: <br />General Counsel for <br />District: <br /> <br />John Zadel <br />Randolph W. Starr, Esq. <br />Starr & Westbrook, P.C. <br /> <br />6. No litigation of any nature is now pending or, to the best of our knowledge, <br />threatened (either in municipal, state or federal courts): <br />(a) Restraining or enjoining the execution or delivery of the Loan <br />Agreement or the Security Agreement between the District and CWCB executed in connection with <br />the Loan Agreement (the "Security Agreement"), or the issuance, execution or delivery of the <br />Promissory Note in the principal amount of$4,994,955 (the "Note") executed in connection with the <br />Loan Agreement (collectively, the Loan Agreement, the Security Agreement and the Note will be <br />referred to herein as the "Loan Documents") or the levy and collection of rates, fees and charges to <br />make the payments due under the Loan Documents; or the use of the proceeds of the loan (the <br />"Loan") made pursuant to the Loan Documents for the purposes provided by the resolution finally <br />passed and adopted by the Board on F ebruarv 16, 2006 (the "Resolution"); or affecting in any way <br />the right or authority of the District to make the payments required under the Loan Documents, or <br />otherwise to carry out the terms and provisions ofthe Resolution and the Loan Documents and the <br />covenants and agreements therein and of other proceedings authorizing the execution of or otherwise <br />concerning the Loan Documents. <br />(b) In any manner questioning, contesting or otherwise affecting the <br />authority or proceedings for the execution or delivery of the Loan Documents; or questioning, <br />contesting or otherwise affecting, directly or indirectly, the validity thereof, or of any provisions <br />made or authorized for their payment. <br />7. The District has not previously pledged or encumbered the Pledged Property <br />(as defined in the Loan Agreement), except as noted in paragraph 5 of Appendix 1 to the Loan <br />I <br />Agreement. <br /> <br />Page 2 of 4 <br />