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~ ~ <br />WHEREAS, Borrower desires to adopt the required amendment to the Original <br />Contract. <br />NOW, THEREFORE, the Board of Directors of the Enterprise ("EBoard") <br />resolves as follows: <br />L The Borrower hereby adopts Loan Contract Amendment No. 1 dated <br />September 1, 2005. <br />2. The EBoard warrants that the EBoard and the Bo of ctors of the <br />District have complied with the order establishing the E rise un C.R .§37-45.1- <br />1 O 1 et se~c ., and all statutory and other legal requirements. <br />3. The EBoard hereby autho zes an 'nstructs Borrower to: <br />a. ent i o and com with the terms of the Loan Contract <br />Amendment No. 1; and, <br />b. execute all documents necessary to implement Loan Contract <br />Amendment No. 1. <br />4. The EBoard specifically agrees that this resolution shall be irrepealable for <br />the term of the Loan Contract. <br />ADOPTED this 20thday of <br />October 2005. <br />~~~ L~' ~ <br />Donald W. Schwindt, President <br />Dolores Water Conservancy District <br />Water Activity Enterprise <br />CERTIFICATION <br />I, Billy F. Smart, Secretary of the Board of Directors of the Dolores Water <br />Conservancy District Water Activity Enterprise, do hereby certify that the above <br />resolution was adopted by the Board of Directors at a regular meeting held on <br />october 20 , 2005, by a vote of 7 to <br />i y F. art, Secretary <br />Dolores Water Conservancy District <br />Water Activity Enterprise <br />-, <br />H:Asps\DWCD1Resolutions`,Loan Contract Amendment No. I- Enteipnse.doc 10/21 /OS ~~~5 ~QCV(~'~~,~t 15 ~~(;QrpOr.a~ed <br />into the contract by reference. <br />2 <br />