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M <br />0.0919 . <br />Act whereunder, solely -from the proceeds of such revenue bonds, <br />.. the•County will acquire,, by purchase, construction and installation, <br />(1) the tract of real property hereinafter described, (2) a:'4,000 <br />square foot manufacturing -and industrial plant facility and'related' <br />improvements presently under construction and to be completed upon <br />said tract -of real propezty,"and (3}.certain.items of machinery <br />and equipment to be used -in connection with said plant facility,(all <br />of which in' the aggregate are herein referred to asp the "Project") , <br />and has leased the Project to the Company in consideration of <br />rentals to be paid into a Bond Fund which will be sufficient to pay <br />the principal of and the interest -on the initial series of revenue' <br />bonds issued by the County to finance the Project, as:herein recited;, <br />WHEREAS, the acquisition and leasing of the Project and the <br />issuance of revenue bonds by the County, as.herein recited and <br />provided', will serve the intended accomplishments and in all respects <br />conform.to-the provisions and requirements of the Act; <br />WHEREAS, the County may, if required in connection with future <br />expansion of or.improvements to the Project; determine to issue <br />additional series of bonds;!under and in accordance with the terms <br />of this.Mortgage and Indenture of Trust (hereinafter sometimes <br />referred to as the "Mortgage" or "Indenture"); <br />WHEREAS, the execution and delivery of:this Mortgage and <br />the issuance -of the Industrial Development Revenue Bonds under, <br />the Act have been in all respects duly and validly authorized by <br />said Resolution*of the County duly adopted and approved; <br />WHEREAS,- it has been determined that the estimated amount <br />necessary to finance the cost of the Project, including expenses <br />incident thereto, will require that an initial series of revenue <br />bonds of.the County in the total principal amount of One Million <br />Five Hundred Thousand Dollars ($1,500,000) should be authorized <br />for issuance, sale and delivery, as hereinafter provided; and . <br />WHEREAS, the Series A,Bonds and coupons,,the Trustee's <br />certificate of.authentication to be endorsed'thereon, and regis- <br />tration certificates are all to be in substantially the following <br />form,.with.necessary and appropriate variations, omissions and <br />M-2 <br />