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-86- <br />Section 4.6. Execution in Counterparts. This Agreement may be simultaneously <br />executed in several counterparts, each of which shall be an original and all of which shall <br />constitute but one and the same instrument. <br />Section 4.7. Applicable Law. This Agreement shall be governed by and construed in <br />accordance with the laws of the State. <br />Section 4.8. Authorized Officers. Whenever under the provisions of this Agreement <br />the approval of the ACHRA or the City is required, or the ACHRA or the City is required to <br />take some action at the request of the other, such approval of such request shall be given for <br />the ACHRA by an Authorized Officer or for the City by a duly designated representative of <br />the City, and any party hereto shall be authorized to rely upon any such approval or request. <br />Section 4.9. Captions. The captions or headings in this Agreement are for <br />convenience only and in no way define, limit or describe the scope or intent of any <br />provisions or Sections of this Agreement. <br />fb.us.2783737.01 <br />OPERATING DEFICIT AGREEMENT <br />CITY OF RAMSEY <br />