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<br />under shall for anv reason be held to be illegal or invalid,
<br />such illegali tv or invalid i ty shall not affect any other
<br />provision of this resolution, the Indenture, the Agreementr
<br />the Mortgage, the Assignment, the Guaranty, the Letter
<br />Agreement, the Bond Purchase Agreement or the Bonds, but
<br />this resolution, the Indenture, the Agreement, the Mortgage,
<br />the Assignment, the Guaranty, the Letter Agreement, the Bond
<br />Purchase Agreement and the Bonds shall be construed and en-
<br />dorsed as if such illegal or invalid provision had not been
<br />contained therein. The terms and conditions set forth in
<br />the Indenture, the Agreement, the Mortgage, the Assignment,
<br />the Guaranty, the Letter Agreement and the Bond Purchase
<br />Agreement, the pledge of revenues and other sums payable
<br />under the Agreement, the creation of the funds provided for
<br />in the Indenture, the provisions relating to the handling of
<br />the proceeds derived from the sale of the Bonds pursuant to
<br />and under the Indenture and the handling of said revenues
<br />and other moneys are all commitments, obligations and agree-
<br />ments on the part of the Issuer contained in the Indenture,
<br />and the invalidity of the Indenture, the Agreement, the
<br />Mortgage, the Assignment, the Guaranty, the Letter Agreement
<br />and the Bond Purchase Agreement shall not affect the commit-
<br />ments, obligations and agreements on the part of the Issuer
<br />to create such funds and to handle said revenues, other
<br />moneys and proceeds of the Bonds for the purposes, in the
<br />manner and according to the terms and cond i tions fixed in
<br />the Indenture, it being the intention hereof that such com-
<br />mitments on the part of the Issuer are as binding as if
<br />contained in this resolution separate and apart from the
<br />Indenture, the Agreement, the Mortgage, the Assignment, the
<br />Guaranty, the Letter Agreement and the Bond Purchase Agree-
<br />ment.
<br />
<br />Section 15. The Bonds shall contain a recital that the
<br />Bonds are issued pursuant to the Act, and such recital shall
<br />be conclusive evidence of the validity of the Bonds and the
<br />regular i ty of the issuance thereof, and all acts, cOlld i tions
<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 Bonds and to the execution of the Indenture,
<br />the Mortgage, the Assignment, the Guaranty, the Letter
<br />Agreement, the Agreement and the Bond Purchase Agreement to
<br />happen, to exist and to be performed precedent to and in the
<br />enactment of this resolution and precedent to the issuance
<br />of the Bonds and precedent to the execution of the In-
<br />denture, the Mortgage, the Assignment, the Guaranty, the
<br />Letter Agreement, the Agreement and the Bond Purchase Agree-
<br />ment have happened, do exist and have been performed as so
<br />required by law.
<br />
<br />Section 16. The officers of the Issuer, attorneys and
<br />other agents or employees of the Issuer are hereby autho-
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