Preparation and Purpose of the Bonds Sample Clauses

Preparation and Purpose of the Bonds. The Authority has reviewed all proceedings heretofore taken relative to the authorization of the Bonds and has found, as a result of such review, and hereby finds and determines that all acts, conditions and things required by law to exist, to have happened, and to have been performed precedent to and in the issuance of the Bonds do exist, have happened, and have been performed in due time, form, and manner as required by law, and that the Authority is now duly authorized, pursuant to each and every requirement of the Act, to cause the Bonds to be issued in the form and manner provided herein for the purpose of providing funds to pay for and construct the Project, and that the Bonds shall be entitled to the benefit, protection, and security of the provisions hereof. The Trustee is hereby authorized and directed to authenticate and deliver the Bonds in the initial aggregate principal amount of [ ] dollars ($[ ]), representing the principal on the Installment Sale Payments made pursuant to the Agreement.
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Related to Preparation and Purpose of the Bonds

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