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• • <br /> Promissory Note and the Loan Contract,the"Financing Documents")may be approved by the Board <br /> without an election; and <br /> WHEREAS,the Financing Documents shall be a revenue obligation of the District, <br /> payable from the Pledged Revenues(as defined in the Financing Documents); and <br /> WHEREAS, there have been presented to the Board the forms of the Financing <br /> Documents; and <br /> WHEREAS,the Board desires to approve the forms of the Financing Documents and <br /> authorize the execution thereof. <br /> NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF <br /> THE CENTRAL WELD COUNTY WATER DISTRICT ACTING BY AND THROUGH ITS <br /> WATER ACTIVITY ENTERPRISE IN THE COUNTY OF WELD AND STATE OF <br /> COLORADO: <br /> Section 1. Approvals, Authorizations, and Amendments. The forms of the <br /> Financing Documents presented at this meeting are incorporated herein by reference and are hereby <br /> approved. The District shall enter into and perform its obligations under the Financing Documents <br /> in the forms of such documents, with such changes as are not inconsistent herewith and as are <br /> hereafter approved by the Chairman of the Board of Directors and President of the District (the <br /> "Chairman"). The Chairman and Secretary of the District(the"Secretary") are hereby authorized <br /> and directed to execute the Financing Documents and to affix the seal of the District thereto, and <br /> further to execute and authenticate such other documents or certificates as are deemed necessary or <br /> desirable in connection therewith. The Financing Documents shall be executed in substantially the <br /> forms approved at this meeting. <br /> The execution of any instrument or certificate or oth= f - i tin connection with <br /> i <br /> the matters referred to herein by the Chairman and Secret by o I . t? •fficers of the <br /> District, shall be conclusive evidence of the approval by ct h ins• .1 ent. <br /> Section 2. Election to A 1 Su lennta 204 of the <br /> Supplemental Public Securities Act, constitut ig Title 11, Article 57, R.S. (the <br /> "Supplemental Act") provides that a public entity, including the District, may elect in an act of <br /> -2- <br /> Appendix 3 to Loan Contract C150122 <br /> Page 2 of 9 <br />