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<br />F20000153
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<br />SECTION 2. Approval of Trust Indenture. The Trust Indenture to be entered into
<br />between the County and the trustee hereafter designated and appointed, dated the date
<br />of its execution and delivery (the "Indenture"), in the form or substantially the form
<br />appended hereto as Attachment 2, but with such changes, modifications, amendments,
<br />revisions and alterations therein, thereof or thereto as the Chairman or Vice Chairman
<br />shall in the exercise of his or her own individual independent judgment and absolute
<br />discretion determine to be necessary, proper, appropriate, advisable or desirable in order
<br />to effectuate the issuance, sale and delivery of the Bonds (collectively, the "Bonds"), be and
<br />the same is hereby authorized, adopted, specified, accepted, ratified, approved and
<br />confirmed.
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<br />Norwest Bank Nebraska, National Association, Lincoln, Nebraska (the "Trustee"),
<br />is hereby designated to act as trustee, paying agent, bond registrar and authenticating
<br />agent for the Bonds under and pursuant to the Indenture.
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<br />As required by Section 147(f) ofthe Internal Revenue Code of 1986, as amended (the
<br />"Code"), the issuance by The County of Hall, Nebraska of its Industrial Development
<br />Revenue Bonds (Young Women's Christian Association of Grand Island, Nebraska Project)
<br />is hereby approved.
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<br />SECTION 3. Approval of Deed of Trust and Security A2Teement. The Deed of
<br />Trust and Security Agreement, to be entered into between the County and the Trustee (the
<br />"Deed of Trust"), in the form or substantially the form appended hereto as Attachment 3,
<br />but with such changes, modifications, amendments, revisions and alterations therein,
<br />thereof or thereto as the Chairman or Vice Chairman shall in the exercise of his or her own
<br />individual independent judgment and absolute discretion determine to be necessary,
<br />proper, appropriate, advisable or desirable in order to effectuate the issuance, sale and
<br />delivery of the Bonds, be and the same is hereby authorized, adopted, specified, accepted,
<br />ratified, approved and confirmed.
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<br />SECTION 4. Approval of Sale of the Bonds. The sale of the Bonds to Norwest
<br />Investment Services, Minneapolis, Minnesota (the "Purchaser") at a purchase price equal
<br />to 100% of the principal amount thereof be and the same is hereby authorized, adopted,
<br />specified, accepted, ratified, approved and confirmed, and the Chairman or Vice Chairman
<br />are each hereby authorized to direct the Trustee to deliver the Bonds to the Purchaser
<br />upon receipt of the purchase price therefor, and to deposit the proceeds thereof with the
<br />Trustee to be applied in the manner set forth in the Lease and the Indenture.
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<br />SECTION 5. General and Specific Authorizations. Without in any way limiting the
<br />power, authority or discretion elsewhere herein granted or delegated, the County hereby
<br />(1) authorizes and directs all of the officers, employees and agents of the County to carry
<br />out or cause to be carried out,. and to perform such obligations of the County and such
<br />other actions as they, or anyone ofthem, in consultation with the County Attorney, special
<br />bond counsel to the County, and the Purchaser shall consider necessary, advisable,
<br />desirable or appropriate in connection with this Resolution, the Lease Agreement, the
<br />Indenture, the Deed of Trust and issuance, sale and delivery of the Bonds, including
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<br />342063.1
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