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such costs and expenses, any remaining amount shall be used for the purpose of paying the <br />principal amount of the Loan and the interest thereon. <br />Section 10. Estimated Life of Improvements. It is hereby determined that <br />the estimated life of the Project to be financed with the proceeds of the Loan is not less than the <br />maximum maturity of the Loan authorized hereby. <br />Section 11. Direction to Take Authorizin� Action. The President, the <br />Secretary, and other appropriate officers of the District are hereby authorized and directed to take <br />all other actions necessary or appropriate to effectuate the provisions of this Resolution, <br />including but not limited to the execution and delivery of such certificates and affidavits as may <br />reasonably be required by CWCB. The execution of any documents, instruments, or certificafes by <br />said officials shall be conclusive evidence of the approval by the District of such documents, <br />instruments, or certificates in accordance with the terms thereof and this Resolution. <br />Section 12. Ratification and Approval of Prior Actions. All actions <br />heretofore taken by the President, any member of the Boazd, the Secretary, and the other officers <br />and employees of the District, not inconsistent with the provisions of this Resolution, relating to <br />the Financing Documents, or acfions to be taken in respect thereof, are hereby ratified, approved, <br />and confirmed. <br />Section 13. Severabilitv. If any section, paragraph, clause, or provision of this <br />Resolution shall for any reason be held to be invalid or unenforceable, the invalidity or <br />unenforceability of such section, paragraph, clause, or provision shall not affect any of the <br />remaining provisions of this Resolution, the intent being that the same aze severable. <br />Section 14. Renealer. All orders, resolutions, bylaws, or regulations of the <br />District, or parts thereof, inconsistent with this Resolution are hereby repealed to the extent only <br />of such inconsistency. This repealer shall not be construed to revive any resolution, bylaw, order or <br />other instrument, or part thereof, heretofore repealed. Neither this repealer nor any other provision <br />of this Resolution shall be construed to adversely affect or impair any contract entered into by the <br />District or any enterprise thereof prior to the effective date of this Resolution. <br />Section 15. Resolution Irrenealable. After the Note is issued, this Resolution <br />shall constitute an irrevocable contract between the District and CWCB, and shall be and remain <br />irrepealable until the Note shall have been fully paid, satisfied, and dischaxged. No provisions of <br />any constitution, statute, resolution or other measure enacted after the issuance of the Note shall <br />in any manner be construed as impairing the obligations of the District to keep and perform the <br />covenants contained in this Resolution. <br />Section 16. Disnosition. This Resolution, as soon as possible after adoption, <br />shall be numbered and recorded by the Secretary on the official records of the District, and shall <br />be authenticated by the signatures of the President and the Secretary. <br />� <br />