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10 <br />85--- 0063-50 <br />WHEREAS, pursuant to and in accordance with the provisions <br />of the Act, by Resolution of its County Board of Supervisors, <br />Issuer has authorized and undertaken to issue the Series 1985 <br />Bonds to provide funds to pay a portion of the cost of <br />acquiring, constructing, improving and equipping an industrial <br />development project suitable for use for manufacturing or <br />industrial enterprises, consisting of a new seed corn <br />warehouse, machine storage building and related facilities, <br />located on Highway 281, approximately two miles south of the <br />city 'Limits of Doniphan, in Hall County, Nebraska, and the <br />acquisition and installation of certain equipment, fixtures and <br />machinery therein, all to be suitable for use in conditioning, <br />handling, storing and preparation for distribution of hybrid <br />seed corn, as more as more precisely hereinafter defined (the <br />"Project"); and <br />WHER£AS,'the governing body of the Issuer, at a meeting <br />duly convened and held on December 17, 1985, duly passed a <br />resolution authorizing the execution and delivery of this <br />Agreement, the Bond Purchase Agreement and the Indenture; and <br />WHEREAS, the Issuer and the Trustee have entered into the <br />Indenture, specifying the terms and conditions of the issuance <br />by the Issuer of the Series 1985 Bonds; <br />NOW, THEREFORE, for and in consideration of the premises <br />and the respective covenants, agreements and representations <br />hereinafter contained, the parties hereto agree as follows: <br />(The remainder of this page has <br />been intentionally left blank.) <br />-2- <br />u <br />