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<br />.~ <br />, <br />, <br />'.-', . <br /> <br />r <br /> <br />Section 7, Ratification and Approval of Prior Actions. All actions <br />heretofore taken by the officers of the District and the members of the Board, not inconsistent <br />with the provisions of this Resolution, relating to the execution and delivery of the Loan Contract <br />and the authorization, issuance, and delivery of the Note, are hereby ratified, approved, and <br />confirmed, <br /> <br />Section 8. Resolution Irrepealable. After the Note has been issued, this <br />Resolution shall constitute a contract between CWCB and the District, and shall be and remain <br />irrepealable until the Note and the interest accruing thereon shall have been fully paid, satisfied, <br />and discharged, as therein provided, <br /> <br />Section 9, Repealer, All orders, bylaws, and resolutions of the District, or <br />parts thereof, inconsistent or in the conflict with this Resolution, are hereby repealed to the extent <br />only of such inconsistency or conflict. <br /> <br />Section 10, Severability, 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 are severable, <br /> <br />Section 11. Effective Date, This Resolution shall take effect immediately <br />upon its adoption and approval. <br /> <br /> <br />~~-~ <br /> <br />President <br /> <br />;;1-4.* -..... /Z, /? c..-~" ..... <br />Secretary <br /> <br />" <br /> <br />-8- <br />