Governing Body at a public meeting duly and regularly held, and after filing proper notice with the State Local Debt Officer of the Commonwealth of Kentucky.

Section 15 -- Limited Liability of Officials of the Governmental Agency. No recourse shall be had for the payment of the principal of or the interest on this Note, or for any claim based hereon, against any officer, agent or employee, past, present or future, of the Governmental Agency, as such, either directly or through the Governmental Agency, whether by virtue of any constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty, or otherwise; all such liability of such officers, agents or employees is hereby renounced, waived and released as a condition of and as consideration for the issuance, execution and acceptance of this Note.

  • Section 16 -- USA Patriot Act.
  • The Governmental Agency hereby acknowledges that it seeks to comply with all applicable laws concerning money laundering and related activities. In furtherance of those efforts, the Governmental Agency hereby represents, warrants, and agrees that, to the best of its knowledge based upon appropriate diligence and investigation:
  • none of the cash or property that the Governmental Agency has paid, will pay or will contribute has been or shall be derived from, or related to, an activity that is deemed criminal under United States law; and
  • no contribution or payment by the Governmental Agency to the Registered Owner shall cause the Registered Owner to be in violation of the United States Bank Secrecy Act, the United States Money Laundering Control Act of 1986, or the United States International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001.
  • The Governmental Agency agrees to promptly notify the Registered Owner if any of these representations cease to be true and accurate regarding the Governmental Agency. The Governmental Agency agrees to provide to the Registered Owner any additional information regarding the Governmental Agency that the Registered Owner deems necessary or appropriate to ensure compliance with all applicable laws concerning money laundering and similar activities.
  • The Governmental Agency agrees that, if at any time, the Registered Owner determines that any of the foregoing representations are incorrect with respect to the Governmental Agency, or if otherwise required by applicable law or regulation related to money laundering and similar activities, the Registered Owner may undertake whatever actions it considers appropriate to ensure compliance with applicable law or regulations.
  • The Governmental Agency further agrees that the Registered Owner may release confidential information about the Governmental Agency and, if applicable, any of its owners, legal or beneficial, to proper authorities if the Registered Owner, in its sole discretion, determines that it is in the best interests of the Registered Owner in light of relevant rules and regulations under the laws described in this Section.