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thereto and changes therein as the Agency Attorney shall deem <br />necessary, desirable or appropriate, the execution of which by the <br />Chairman shall be conclusive evidence of the approval of any such <br />additions and changes. The Chairman is hereby authorized and <br />directed to execute~ and the Secretary is hereby authorized and <br />directed to attest and affix the seal of the Agency to, the final <br />form of the Loan Agreement for and in the name and on behalf of <br />the Agency. The Agency hereby authorizes the delivery and <br />performance of the Loan Agreement. <br /> <br /> Section 3. Sale of Bonds. The Agency hereby approves the <br />sale of the Bonds by the Authority by negotiation with Rauscher <br />Pierce Refsnes, Inc. as underwriter, pursuant to the Purchase <br />Contract in substantially the form on file with the Secretary. <br />The amount of underwriter's discount shall be not more than two <br />percent (2%) of the par amount thereof and the net effective rate <br />of interest to be represented by the Bonds (taking into account <br />any original issue discount on the sale thereof) shall not exceed <br />eight percent (8%) per annum. <br /> <br /> Section 4. Approval of Engagement of Fiscal <br />Consultant. The Agency hereby approves the engagement of Katz <br />Holiis as fiscal consultant to the Agency in connection with the <br />issuance of the Bonds and the making of the Loan pursuant to the <br />Loan Agreement. The Agency hereby authorizes and directs the <br />execution and delivery of the agreement of said fiscal consultant <br />and the Agency in substantially the form on file with the <br />Secretary, together with such additions thereto and changes <br /> <br /> RD 91-06 <br /> <br /> <br />