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 Series 1989E Bonds and the execution and delivery by the Board of the Fifth Supplemental Indenture, this Amendment and the Sodra Leases and the compliance by the Board with all of the provisions of each thereof and of the Series 1989E 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 under the Agreement) 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 and sale of the Series 1989E 1990A Bonds and the execution and delivery by the Board of the Fifth Sixth Supplemental Indenture, Indenture and this Amendment and the Sodra Leases and the compliance by the Board with all of the provisions of each thereof and of the Series 1989E 1990A 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 under the Agreement) upon any property of the Board under the provisions of, its certificate of incorporation or bylawsBylaws, 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 1989E 1991A Bonds and the execution and delivery by the Board of the Fifth Ninth Supplemental Indenture, Indenture and this Amendment and the Sodra Leases and the compliance by the Board with all of the provisions of each thereof and of the Series 1989E 1991A 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 fall 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 under the Agreement) upon any property of the Board under the provisions of, its certificate of incorporation or bylawsBylaws, 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 1989E 1995A Bonds and the execution and delivery by the Board of the Fifth First -2- Supplemental Indenture, Indenture and this Amendment and the Sodra Leases and the compliance by the Board with all of the provisions of each thereof and of the Series 1989E 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 Encumbrances under the Agreement) upon any property of the Board under the provisions of, its certificate of incorporation or bylawsBylaws, 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.