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proceeds of the obligations or from revenues realized from
the lease or sale of a project or realized from a loan made
by the Corporation to finance or refinance in whole or in
part a project. "Project" shall mean the land, buildings
equipment, facilities and improvements (one or more) found by
the Board of Directors of the Corporation (the "Board of
Directors") to be required or suitable for the promotion of
commercial or industrial development and expansion, the
promotion of employment or for use by commercial, manufacturing
00 or industrial enterprises, irrespective of whether in existence
N- or required to be acquired or constructed after the making of
Q
such findings by the Board of Directors.
'Q Section 4: That the Articles of Incorporation of the
Corporation and the Bylaws of the Corporation, in the forms
attached hereto, are hereby approved for use and adoption -by
the Corporation; provided, however, that any amendments to
the Articles of Incorporation shall be -subject to`the further
approval of the Governing Body.
Section 5: That the Governing Body shall approve by
written resolution any agreement to issue bonds, including
refunding bonds, adopted by the Corporation, which agreement
and resolution shall set out the amount and purpose of the
bonds. Furthermore, no issue of bonds, including refunding
bonds, shall be sold and delivered by the Corporation without
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