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<br /> 77- 007210 ,
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<br /> such revenue bonds , the Zssuer will acquire by purchase , k�� ' '" r�sd ,f
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<br /> construction , installation and completion ( 1 ) title to � fi��+y � � �; ��� ,;�`
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<br /> the real property hereinafter described , ( 2 � a r�anu - �� � u ,,;
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<br /> facturing and industrial plant facility and related impzove - " �,r " ' {f,�,
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<br /> ments to be constructed and completed upon said real �p �
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<br /> property , and < 3 ) certain items of machiner<� and equip - �� � '`
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<br /> ment to be used in connection therewith ( a11 of which � ;
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<br /> in the aggregate are herein referred to as the "Project " ) , ��s = - '
<br /> and has leased the Project to the Company in consideration ��r� ' � �°
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<br /> of rentals to be paid into a Bond Fund which will be suffi - ^
<br /> cient to pay the principal of and the interest on the x " V'
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<br /> initial series of revenue bonds issued by the Issuer to �" 7 =
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<br /> finance the Project , as herein recited ; ��e � ���;
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<br /> WHEBEAS , the acquisition and laasing of the Project and �; ' r �+ `� ° ��
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<br /> the issuance of revenue bonds by the Issuer , as herein T' „p '`:
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<br /> recited and provided , will serve the intended accoaplish - ��' ' " ` •
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<br /> ments and in a11 respects confoz^.a to the provisions and �� s �
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<br /> requirements of the Act ; ;� ,
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<br /> WHEREAS , the Yssuer rnay , if requi�ed in connection with �!� �5
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<br /> future expansion of or improvements to the Project , deter - ,, '. , ,.
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<br /> mine to issue additional series of bonds under and in accor -
<br /> dance with the terms of this Indenture of Trust ( hereinafter ,
<br /> referred to as the " Indenture " ) ;
<br /> WHEREAS , the execution and delivery of this Indenture
<br /> and the issuance of the Issuer ' s industrial development revenue -
<br /> bonds under the Act and have been in all respects duly and
<br /> validly authorized by said Ordinance of the Issuer duly
<br /> adopted and approved ;
<br /> WHEREAS , it has been determined that the estimated
<br /> amount necessary to finance the cost of the Project , including
<br /> expenses incident thereto , will require that an initial
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<br /> seriee of revenue bonds of the Issuer ( the " 1977 Bonds " ) ...r-�, '`
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<br /> in the total principal amount of One Million Six Hundred � �^„
<br /> Thousand Dollars < $ 1 , 500 , 000 ) , should be authorized for 4 �
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<br /> issuance , sale aad delivery , as hereinafter provided [ rhe '"" .
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