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f ZODOSS-a tax base in the County, as evidenced by, and based upon the representations made by the Company in, its request to the County seeking the financing through the issuance of the Bonds. (b) The Bonds, when issued, will be limited obligations of the County payable solely from and secured by the revenues, receipts and security pledged pursuant to the Lease Agreement and the Security Documents and shall not be a general liability of the County or a charge against its general credit. (c) The Bonds will not and shall never constitute a debt, liability or general obligation of the State of Nebraska, the County, or any political subdivision, agency or instrumentality thereof, nor will the faith and credit or the taxing power of the State ofN ebraska, the County, or any other political subdivision, agency or instrumentality be pledged to the payment of the principal of or interest on the Bonds. (d) At a public hearing, duly noticed and held on December 5, 2000, in accordance with the Act and Section 147(f) of the Internal Revenue Code of 1986, on the proposal to undertake and finance the Project, all. parties who appeared at the hearing were given an opportunity to express their views with respect to the proposal to undertake and finance the Project and interested persons were given the opportunity to submit written comments to the County before the time of the hearing. ARTICLE II AUTHORIZATION OF BONDS AND DOCUMENTS Section 2.01. Issuance of the Bonds: Terms of the Bonds. For the purpose of acquiring, constructing and equipping the Project, the County hereby authorizes the issuance of $3,000,000 aggregate principal amount of County of Hall, Nebraska, Variable Rate Demand Industrial Development Revenue Bonds (Global Industries, Inc., Project) Series 2000 (the "Bonds"). The Bonds shall be dated and bear interest and mature as set forth in the Indenture. The County shall use the proceeds of the Bonds to acquire, construct and equip the Project as provided in the Lease Agreement. Each of the Bonds shall be executed by the manual or facsimile signatures of the Chair of the County, and the County Clerk, and the Chair and County Clerk are each hereby severally authorized to execute, seal and attest and deliver the Bonds for and on behalf of the County. Any such signature may be a manual signature or may be by facsimile, provided that the Registrar (as identified in this Resolution) shall manually authenticate each Bond. The seal of the County or a facsimile thereof shall be impressed or printed on each Bond. The County elects to have subsection (4) of Section 144(a) of the Internal Revenue Code of 1986, as amended, apply to the Bonds. Section 2.02. Sale and Delivery of Bonds. The County hereby authorizes, approves and directs the sale of the Bonds and delivery to the order of the Placement Agent at the price set forth 3