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<br />ment or the Noee issued hereunder shall for any reason be
<br />held to be illegal or invalid, such illegality or invalidity
<br />shall not affect any other provision of this resolution, the
<br />Agreement, the Mortgage, the Assignment, the Pledge Agree-
<br />ment, the Escrow and Disbursing Agreement or the Note, but
<br />this resolution, the Agreement, the Mortgage, the Assign-
<br />ment, the Pledge Agreement, the Escrow and Disbursing Agree-
<br />ment and the Note shall be construed and endorsed as if such
<br />illegal or invalid provision had not been contained
<br />there in.. The. terms and cond i tions set forth in the Ag ree-
<br />ment,. the Mor.tgage, the Assignment and the Pledge Agreement.,.
<br />the Escrow and Disbursing Agreement, the pledge of revenues
<br />and other sums payable under the Agreement, the creation of
<br />the funds provided for in the Escrow and Disbursing Agree-
<br />ment, the provisions relating to the handling of the pro-
<br />ceeds derived from the sale of the Note and the handling of
<br />said revenues and other moneys are all commitments, obli-
<br />gations and agreements on the part of the Issuer and the
<br />invalidity of the Agreement, the Mortgage, the Assignment,
<br />the pledge Agreement, and the Escrow and Disbursing Agree-
<br />ment shall not affect the commitments, obligations and
<br />agreements on the part of the Issuer to create such funds
<br />and to handle said revenues, other moneys and proceeds of
<br />the- Note for the purposes, in the manner and according to
<br />the terms and conditions fixed in said documents, it being
<br />the intention hereof that such commitments on the part of
<br />the Issuer are as binding as if contained in this resolution
<br />separate and apart from the Agreement, the Mortgage, the
<br />Assignment, the Pledge Agreement, and the Escrow and Dis-
<br />bursinq Agreement.
<br />
<br />Section 13.. The Note shall contain a recital that the
<br />Note is issued pursuant to the Act, and such recital shall
<br />be conclusive evidence of the validity of the Note and the
<br />regularity of the issuance thereof, and all acts, conditions
<br />and things required by the Constitution and the laws of the
<br />State relating to the adoption of this resolution, to the
<br />issuance of the Note and to the execution of the Mortgage,
<br />the Assignment, the Agreement, the Pledge Agreement and the
<br />Escrow and Disbursing Agreement to happen, to exist and to
<br />be performed precedent to and in the enactment of this reso-
<br />lution and precedent to the issuance of the Note and prece-
<br />dent to the execution of the Mortgage, the Assignment, the
<br />Agreement, the Pledge Agreement and the Escrow and Disburs-
<br />ing Ag reement have happened I' do ex ist and have been per-
<br />formed as so required by law.
<br />
<br />Section 14. The officers of the Issuer, attorneys and
<br />other agents or employees of the Issuer are hereby autho-
<br />rized to do all acts and things required of them by or in
<br />connection with this resolution, the Mortgage, the ASSign-
<br />ment, the Agreement, the Pledge Agreement and the Escrow and
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