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Bon gills <br />(7) The power to make any election on behalf of the Issuer with respect <br />to the arbitrage rebate provisions of the Code applicable to the notes is hereby delegated <br />to the Chairman of the governing body and Finance Officer of the Issuer. <br />Chairman Cox seconded the motion, and upon a vote, the results were as follows: <br />Aye: Cox, Dossenbach, Garner, Matthews, Moretz and Reives <br />Nay: None <br />The Chairman ruled the motion had been adopted unanimously. <br />The Board considered revised USDA-FmHA Loan Resolution. County Attorney <br />K. R. Hoyle explained to the Board the revised loan resolution and answered questions. <br />Commissioner Cox moved to approve the revised USDA-FmHA Loan Resolution as <br />presented. Commissioner Moretz seconded the motion, and upon a vote, the results were <br />as follows: <br />Aye: Cox, Dossenbach, Garner, Matthews, Moretz and Reives <br />Nay: None <br />The Chairman ruled the motion had been adopted unanimously. <br />There being no further business to come before the Board Commissioner Cox <br />moved to adjourn the Water and Sewer District No. 1 meeting. Commissioner Reives <br />seconded the motion, and upon a vote, the results were as follows: <br />Aye: Cox, Dossenbach, Garner, Matthews, Moretz and Reives <br />Nay: None <br />The Chairman ruled the motion had been adopted unanimously and the meeting <br />adjourned. <br />Hubert Garner, Chairman <br />No" CAROUAK LEE COU,M <br />Present wreg vL <br />recordori i / <br />NeU'G W Tfgmae, Repiater of Deeds <br />5 <br />