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(d) the reasonably anticipated amount of tax-exempt obligations (other <br />than private activity bonds, treating qualified 501(c)(3) bonds as not being private <br />activity bonds) which will be issued by the Authority (and all entities treated as <br />one issuer with the Authority, and all subordinate entities whose obligations are <br />treated as issued by the Authority) during this calendar year 1999 will not exceed <br />$10,000,000; and <br /> <br /> (e) not more than $10,000,000 of obligations issued by the Authority <br />during this calendar year 1999 have been designated for purposes of Section <br />265(b)(3) of the Code. <br /> <br />The Authority shall use its best efforts to comply with any federal procedural requirements which <br />may apply in order to effectuate the designation made by this paragraph. <br /> <br /> 16. Modifications to Documents. The approval hereby given to the various <br />documents referred to above includes approval of such additional details therein as may be <br />necessary and appropriate and such modifications thereof, deletions therefrom and additions <br />thereto as may be necessary and appropriate and approved by the Authority Attorney and the <br />Authority officials authorized herein to execute said documents prior to their execution; and said' <br />Authority officials are hereby authorized to approve said changes on behalf of the Authority. <br />The execution of any instrument by the appropriate officer or officers of the Authority herein <br />authorized shall be conclusive evidence of the approval of such documents in accordance with <br />the terms hereof. In the absence of the President or Secretary any of the documents authorized <br />by this resolution to be executed by the Acting President or the Acting Secretary, respectively. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Commissioner <br />__ and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />and the following voted against the same: <br /> <br />and the following abstained: <br /> <br />and the following were absent: <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey Economic <br />Development Authority this the 23rd day of November, 1999. <br /> <br />Acting Chairperson Lydia Scheiber <br /> <br />Secretary Lydia Scheiber <br /> <br /> <br />