Common use of Issue, Sale and Other Transactions Are Legal and Authorized Clause in Contracts

Issue, Sale and Other Transactions Are Legal and Authorized. The ----------------------------------------------------------- issue and sale of the Bonds and the execution and delivery by the Board of the Indenture and this Agreement and the compliance by the Board with all of the provisions of each thereof and of the Bonds (i) are within the purposes, powers and authority of the Board, (ii) to the best of the knowledge of the Board, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Board a violation of or a breach of or default under, or result in the creation of any lien or encumbrance (other than Permitted Encumbrances) upon any property of the Board under the provisions of, its Certificate of Incorporation or Bylaws, or any indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Board is a party or by which the Board is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Board or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Board.

Issue, Sale and Other Transactions Are Legal and Authorized. The ----------------------------------------------------------- issue ------------------------------------------------------------ issuance and sale of the Bonds and the execution and delivery by the Board Issuer of the Indenture and this Agreement and the Indenture, and the compliance by the Board Issuer with all of the provisions of each thereof and of the Bonds (i) are within the purposes, powers and authority of the BoardIssuer, (ii) to the best of the knowledge of the BoardIssuer, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Board Issuer a violation of or a breach of or default under, or result in the creation of any lien lien, charge or encumbrance (other than Permitted Encumbrances) upon any property of the Board Issuer (other than as contemplated by this Agreement or the Indenture) under the provisions of, its Certificate of Incorporation or Bylawsany charter instrument, or any by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Board Issuer is a party or by which the Board Issuer is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Board Issuer or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Board.Issuer;

Issue, Sale and Other Transactions Are Legal and Authorized. The ----------------------------------------------------------- issue and sale of the Series 1999A Bonds and the execution and delivery by the Board of the Third Supplemental Indenture and this Agreement Amendment and the compliance by the Board with all of the provisions of each thereof and of the Series 1999A Bonds (i) are within the purposes, powers and authority of the Board, (ii) to the best of the knowledge of the Board, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Board a violation of or a breach of or default under, or result in the creation of any lien or encumbrance (other than Permitted EncumbrancesEncumbrances under the Agreement) upon any property of the Board under the provisions of, its Certificate certificate of Incorporation incorporation or Bylaws, or any indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Board is a party or by which the Board is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Board or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Board.

Issue, Sale and Other Transactions Are Legal and Authorized. The ----------------------------------------------------------- issue and sale of the Series 1998A Bonds and the execution and delivery by the Board of the Second Supplemental Indenture and this Agreement Amendment and the compliance by the Board with all of the provisions of each thereof and of the Series 1998A Bonds (i) are within the purposes, powers and authority of the Board, (ii) to the best of the knowledge of the Board, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Board a violation of or a breach of or default under, or result in the creation of any lien or encumbrance (other than Permitted EncumbrancesEncumbrances under the Agreement) upon any property of the Board under the provisions of, its Certificate certificate of Incorporation incorporation or Bylaws, or any indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Board is a party or by which the Board is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Board or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Board.

Issue, Sale and Other Transactions Are Legal and Authorized. The ----------------------------------------------------------- issue and sale of the Series 1995A Bonds and the execution and delivery by the Board of the First Supplemental Indenture and this Agreement Amendment and the compliance by the Board with all of the provisions of each thereof and of the Series 1995A Bonds (i) are within the purposes, powers and authority of the Board, (ii) to the best of the knowledge of the Board, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Board a violation of or a breach of or default under, or result in the creation of any lien or encumbrance (other than Permitted EncumbrancesEncumbrances under the Agreement) upon any property of the Board under the provisions of, its Certificate certificate of Incorporation incorporation or Bylaws, or any indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Board is a party or by which the Board is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Board or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Board.

Issue, Sale and Other Transactions Are Legal and Authorized. The ----------------------------------------------------------- issue and sale of the Series 1989C Bonds and the execution and delivery by the Board of the Third Supplemental Indenture and this Agreement Amendment and the compliance by the Board with all of the provisions of each thereof and of the Series 1989C Bonds (i) are within the purposes, powers and authority of the Board, (ii) to the best of the knowledge of the Board, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Board a violation of or a breach of or default under, or result in the creation of any lien or encumbrance (other than Permitted EncumbrancesEncumbrances under the Agreement) upon any property of the Board under the provisions of, its Certificate certificate of Incorporation incorporation or Bylaws, or any indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Board is a party or by which the Board is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Board or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Board.

Issue, Sale and Other Transactions Are Legal and Authorized. The ----------------------------------------------------------- issue issuance and sale of the Bonds and the execution and delivery by the Board Issuer of the Indenture and this Agreement and the Indenture, and the compliance by the Board Issuer with all of the provisions of each thereof and of the Bonds (i) are within the purposes, powers and authority of the BoardIssuer, (ii) to the best of the knowledge of the BoardIssuer, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Board Issuer a violation of or a breach of or default under, or result in the creation of any lien lien, charge or encumbrance (other than Permitted Encumbrances) upon any property of the Board Issuer (other than as contemplated by this Agreement or the Indenture) under the provisions of, its Certificate of Incorporation or Bylawsany charter instrument, or any by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Board Issuer is a party or by which the Board Issuer is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Board Issuer or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Board.Issuer;

Issue, Sale and Other Transactions Are Legal and Authorized. The ----------------------------------------------------------- ------------------------------------------------------------ issue and sale of the Series 1989D Bonds and the execution and delivery by the Board of the Fourth Supplemental Indenture and this Agreement Amendment and the compliance by the Board with all of the provisions of each thereof and of the Series 1989D Bonds (i) are within the purposes, powers and authority of the Board, (ii) to the best of the knowledge of the Board, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Board a violation of or a breach of or default under, or result in the creation of any lien or encumbrance (other than Permitted EncumbrancesEncumbrances under the Agreement) upon any property of the Board under the provisions of, its Certificate certificate of Incorporation incorporation or Bylaws, or any indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Board is a party or by which the Board is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Board or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Board.

Issue, Sale and Other Transactions Are Legal and Authorized. The ----------------------------------------------------------- issue and sale of the Series 1989B Bonds and the execution and delivery by the Board of the Second Supplemental Indenture and this Agreement Amendment and the compliance by the Board with all of the provisions of each thereof and of the Series 1989B Bonds (i) are within the purposes, powers and authority of the Board, (ii) to the best of the knowledge of the Board, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Board a violation of or a breach of or default under, or result in the creation of any lien or encumbrance (other than Permitted EncumbrancesEncumbrances under the Agreement) upon any property of the Board under the provisions of, its Certificate certificate of Incorporation incorporation or Bylaws, or any indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Board is a party or by which the Board is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Board or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Board.

Issue, Sale and Other Transactions Are Legal and Authorized. The ----------------------------------------------------------- issue and sale of or the Series 1989A Bonds and the execution and delivery by the Board of the Supplemental Indenture and this Agreement Amendment and the compliance by the Board with all of the provisions of each thereof and of the Series 1989A Bonds (i) are within the purposes, powers and authority of the Board, (ii) to the best of the knowledge of the Board, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Board a violation of or a breach of or default under, or result in the creation of any lien or encumbrance (other than Permitted EncumbrancesEncumbrances under the Agreement) upon any property of the Board under the provisions of, its Certificate certificate of Incorporation incorporation or Bylaws, or any indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Board is a party or by which the Board is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Board or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Board.

Issue, Sale and Other Transactions Are Legal and Authorized. The ----------------------------------------------------------- issue issuance and sale of the Bonds and the execution and delivery by the Board Issuer of this Loan Agreement, the Indenture Placement and this Remarketing Agreement and the Indenture, and the compliance by the Board Issuer with all of the provisions of each thereof and of the Bonds (i) are within the purposes, powers and authority of the BoardIssuer, (ii) to the best of the knowledge of the Board, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the an THE part of the Board Issuer a violation of or a breach of or default under, or result in the creation of any lien lien, charge or encumbrance (other than Permitted Encumbrances) upon any property of the Board Issuer (other than as contemplated in the Indenture) under the provisions of, its Certificate of Incorporation or Bylawsany activating resolution, or any by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Board Issuer is a party or by which the Board Issuer is bound, or to the best of Issuer's knowledge any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Board Issuer or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the BoardIssuer.

Issue, Sale and Other Transactions Are Legal and Authorized. The ----------------------------------------------------------- issue issuance and sale of the Series 1998A Bonds and the execution and delivery by the Board Issuer of the Indenture and this Agreement and the Series 0000X Xxxxxxxxx, and the compliance by the Board Issuer with all of the provisions of each thereof and of the Series 1998A Bonds (i) are within the purposes, powers and authority of the BoardIssuer, (ii) to the best of the knowledge of the BoardIssuer, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Board Issuer a violation of or a breach of or default under, or result in the creation of any lien lien, charge or encumbrance (other than Permitted Encumbrances) upon any property of the Board Issuer (other than as contemplated by this Agreement or the Series 0000X Xxxxxxxxx) under the provisions of, its Certificate of Incorporation or Bylawsany charter instrument, or any by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Board Issuer is a party or by which the Board Issuer is bound, or any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Board Issuer or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the Board.Issuer;

Issue, Sale and Other Transactions Are Legal and Authorized. The ----------------------------------------------------------- issue issuance and sale of the Bonds and the execution and delivery by the Board Issuer of this Agreement, the Indenture Purchase Agreement and this Agreement the Indenture, and the compliance by the Board Issuer with all of the provisions of each thereof and of the Bonds (i) are within the purposes, powers and authority of the BoardIssuer, (ii) to the best of the knowledge of the Board, have been done in full compliance with the provisions of the Act, (iii) are legal and will not conflict with or constitute on the part of the Board Issuer a violation of or a breach of or default under, or result in the creation of any lien lien, charge or encumbrance (other than Permitted Encumbrances) upon any property of the Board Issuer (other than as contemplated in the Indenture) under the provisions of, its Certificate of Incorporation or Bylawsany activating resolution, or any by-law, indenture, mortgage, deed of trustto secure debt, note agreement or other agreement or instrument to which the Board Issuer is a party or by which the Board Issuer is bound, or to the best of Issuer’s knowledge any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Board Issuer or any of its activities or properties, and (iiiiv) have been duly authorized by all necessary corporate action on the part of the BoardIssuer.

Issue, Sale and Other Transactions Are Legal and Authorized. The ----------------------------------------------------------- issue issuance and sale of the Bonds and the execution and delivery by the Board Issuer of this Loan Agreement, the Indenture Placement and this Remarketing Agreement and the Indenture, and the compliance by the Board Issuer with all of the provisions of each thereof and of the Bonds (i) are within the purposes, powers and authority of the BoardIssuer, (ii) to the best of the knowledge of the Board, have been done in full compliance with the provisions of the Act, are legal and will not conflict with or constitute on the part of the Board Issuer a violation of or a breach of or default under, or result in the me creation of any lien lien, charge or encumbrance (other than Permitted Encumbrances) upon any property of the Board Issuer (other than as contemplated in the Indenture) under the provisions of, its Certificate of Incorporation or Bylawsany activating resolution, or any by-law, indenture, mortgage, deed of trust, note agreement or other agreement or instrument to which the Board Issuer is a party or by which the Board Issuer is bound, or to the best of Issuer's knowledge any license, judgment, decree, law, statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over the Board Issuer or any of its activities or properties, and (iii) have been duly authorized by all necessary corporate action on the part of the BoardIssuer.