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NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE COUNTY OF HALL,NEBRASKA AS FOLLOWS: ARTICLE I LEGAL AUTHORIZATION; FINDINGS; LIMITED OBLIGATIONS Section 1.01. Legal Authorization. The Issuer is a county and political subdivision of the State and is authorized under the Act to issue and sell the Bonds for the purposes, in the manner and upon the terms and conditions set forth in the Act, in this Resolution,and in the Financing Documents. Section 1.02. Findings. The Issuer has heretofore found and determined, and does hereby find and determine, as follows: (a) Based entirely in reliance upon representations made to it by the Borrower in the Financing Documents, which representations the Borrower shall be deemed to have affirmed and ratified upon its execution of the Financing Documents, the Issuer does hereby find and determine the following: (1) pursuant to Section 13-1105 of the Act, (i) the amount necessary to pay the principal of and the interest on the Bonds shall be as set forth in the Loan Agreement and (ii) no reserve fund is advisable to be established in connection with the financing and maintenance of the Project including taxes, except that a reserve fund may be established for liquidity support purposes by an affiliate of the Borrower. (2) the Borrower expects to operate the Project as an integral part of its overall operations for the foreseeable future; and (3) the Borrower is a private nonprofit corporation and is authorized by law to operate its facilities in the State. (b) The Bonds, when issued, will be a special, limited revenue obligation of the Issuer payable solely from the loan repayments and certain other amounts under a liquidity support agreement from an affiliate of Borrower, and shall not be a general liability of the Issuer or a charge against its general credit. (c) The Bonds will not be a debt of the State, or any city, village, county or political subdivision of the State, and none of the State or any city, village, county or political subdivision of the State shall be liable on the Bonds. The Bonds shall not constitute a debt within the meaning of any constitutional or statutory debt limitation of the State. The Issuer's taxing power is not pledged for repayment of the Bonds. ARTICLE II AUTHORIZATION OF BONDS APPROVAL OF FINANCING DOCUMENTS Section 2.01. Authorization of Bonds. (a) For the purpose of making a loan to the Borrower to pay the costs to finance the Project 2