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<br /> t a WHEREAS , the Authority has further determined that the
<br /> ;:� public interest will be best served and that the purposes of the
<br /> ,�; Act of providing modern and efficient hospital £acilities in the
<br /> � City of Grand Island , Nebraska and ad,joining areas , urgently needed
<br /> , ;� for the welfare and benefit of the citizens thereof , can be more
<br /> <� advantageously obtained by the Authority ' s leasing the Hospital
<br /> ;; Facility ( as hereinafter defined ) to the Lessee pursuant to a Lease
<br /> � a' dated as of October 1 , 1976 ( the " Lease " ) and that upon payment ,
<br /> ; or provision being made for the payment , of all Bonds issued under
<br /> u� this Indenture and all obligations incurred hereunder , the Lease
<br /> �;
<br /> ,� and Ground Lease will be terminated ; and
<br /> �' WIiER�AS all necessar licenses
<br /> ;� , y , permits and/or approvals �
<br /> -; of state and regional health olannin� agencies and departments
<br /> � have been obtained for construction of the Pro,ject in conformity
<br /> { �� with provisions of the Act ; and
<br /> � �•JHP.REAS , the huthorit ,y has entered inio the Ground Lease _
<br /> �: with the Lessee �ahereb,y the Authority is the �round lessee of the
<br /> , � land descrlbed in Exhibit- A hereto ; and
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<br /> I�iHEFiEAS , the Authority has entered into the Lease tvith
<br /> � the Lessee , whereby the Lessee has agreed to lease from the
<br /> w; Authority the Hospital Facility ( as herein defined ) and the
<br /> ',� AuthoMty has agreed to construct the Pro,ject and to issue its
<br /> , z Bonds to pay a portion of the cost of constructing the Pro� ect and
<br /> :� under the Lease the Lessee agrees to nay rent in an amount sufficient
<br /> to pay principal and interest on the outstandin� Bonds as well as
<br /> `% certain other expenses tivhich may arise thereunder ; and
<br /> :.;;
<br /> :} IdHEREAS , the execution and delivery of this Trust Inden-
<br /> �` ture ( the " Indenture " ) , and the issuance of the I3onds under the
<br /> �� Act have been in all resoects duly and validly authorized by
<br /> + ; resolution duly passed and approved by the Authority ; and
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<br /> � ;dHEREAS , it has been deterr,iined that in order to obtain
<br /> � funds to pay a portion of the costs of the Pro,� ect , including
<br /> =� necessary expenses incidental thereto , the Authority will issue
<br /> " Bonds in the principal amount of a9 , 3II0 , 000 to be knovrn as the
<br /> "Hospital Authorit,y ido . 1 of fiall County , idebraslca , Revenue Bonds ,
<br /> - '�� Series A ( 5t . Francis fiosoital Pro ,ject ) " ( hereinafter called the
<br /> �''{ " Series A Bonds " } ; and
<br /> �� WHERLAS , provision is nade herein for the issuance of
<br /> - :t additional parity bonds fror� time to time ( hereinafter called
<br /> ;� the " Additional Bonds " ) on the terms and conditions provided for
<br /> ' �t herein ; and
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