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Authorizing execution and deliveyy of an equipment lease/purchase agreement. See 39-2021
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8180
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8180
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Last modified
11/21/2023 9:14:42 AM
Creation date
3/18/2021 9:50:40 AM
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Resolution
Subject
Property Lease Agreement
Details
Equipment lease purchase agreement. See 39-2021
Resolution Number
8180
Date
3/16/2021
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evidence of such officer's and the governing body's approval of the Transaction Documents any <br />such changes, insertions, revisions, corrections, or amendments thereto. <br />Section 2. Other Actions Authorized. The officers and employees of the Lessee shall <br />take all action necessary or reasonably required by the parties to the Transaction Documents to <br />carry out, give effect to, and consummate the transactions contemplated thereby (including the <br />execution and delivery of Certificates of Acceptance and Disbursement/Payment Requests, <br />Notice and Acknowledgements of Assignments, and any tax certificate and agreement, each with <br />respect to and as contemplated in the Transaction Documents) and to take all action necessary in <br />conformity therewith, including, without limitation, the execution and delivery of any closing <br />and other documents required to be delivered in connection with the Transaction Documents. <br />The Designated Officers and all other officers and employees of the Lessee are hereby directed <br />and authorized to take and shall take all action necessary or reasonably required in order to <br />select, and take delivery of the Equipment. All actions heretofore taken by officers, employees, <br />and agents of the Lessee that are in conformity with the purposes and intent of this resolution are <br />hereby approved, confirmed, and ratified. <br />Section 3. No General Liability. Nothing contained in this Resolution No. 8180, the <br />Transaction Documents, nor any other instrument shall be construed with respect to the Lessee <br />as incurring a pecuniary liability or charge upon the general credit of the Lessee or against its <br />taxing power, nor shall the breach of any agreement contained in this Resolution No. 8180, the <br />Transaction Documents, or any other instrument or document executed in connection therewith <br />impose any pecuniary liability upon the Lessee or any charge upon its general credit or against <br />its taxing power, except to the extent that the rental payments payable under the Transaction <br />Documents are special limited obligations of the Lessee as provided therein. <br />Section 4. Appointment of Authorized Lessee Representatives. The Designated <br />Officers are each hereby designated to act as authorized representatives of the Lessee for <br />purposes of the Transaction Documents until such time as the governing body of the Lessee shall <br />designate any other or different authorized representative for purposes of the Transaction <br />Documents. <br />Section 5. Severability. If any section, paragraph, clause, or provision of this <br />Resolution shall for any reason be held to be invalid or unenforceable, the invalidity or <br />unenforceability of such section, paragraph, clause, or provision shall not affect any of the <br />remaining provisions of this Resolution No. 8180. <br />Section 6. Repealer. All bylaws, orders, and resolutions or parts thereof, inconsistent <br />herewith, are hereby repealed to the extent only of such inconsistency. This repealer shall not be <br />construed as reviving any bylaw, order, resolution, or ordinance or part thereof. <br />Section 7. Effective Date. This Resolution 8180 shall be effective immediately upon <br />its approval and adoption. <br />2 <br />C\Resolutions\Res 8100-8199\8180 Holman Capital Lease Purchase.doc <br />
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