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; 1 SECTION 304. NO PERSONAL LIABILITY. The County's Agents, inclu ing any person ~ executing the Agreement or the Certificates, shall not be liable personally on the Certificates or 3 subject to any personal liability for any reason relating to the issuance of the Ce ificates or the 4 performance of any obligations under or with respect to the Agreement or this Agr ement. 5 6 SECTION 305. COUNTY'S REPRESENTATIONS. The County represents ~nd warrants as 7 follows: ~ 8 q (a) The County is political subdivision and a body politic and corpo ~ te duly created 10 and existing under the laws and the Constitution of the State of Oregon. The County is 11 authorized by the provisions of the Act to enter into this Agreement, ause the 1998 12 Certificates to be executed and delivered as provided herein, to pledge the C unty's interests 13 in the Security as security for the payment of the payment and performance f its obligations 14 under this Agreement, and to perform its obligations hereunder. ~I 15 16 (b) The execution, delivery and performance by the County of this greement have 1 ~ been duly authorized by all necessary County action, require no action by or~ in respect of, or 1 g filing with any governmental body, agency or official not heretofore duly ob ained and in full ;~ force and effect (other than any filings, approvals or other action that may b required under 20 applicable state or federal securities laws with respect to the issuance and sale of the 1998 21 Certificates, as to which the County makes no warranty or representat on) and do not 22 contravene, or constitute a default under, any provision of applicable law o regulation or of ~3 any agreement, judgment, injunction, order, decree or other instrument inding upon the 24 County, and do not and will not result in the creation or imposition of any ien on any asset 25 of the County other than the lien on the Security created by this Agreeme~t in favor of the 26 Trustee. I ~~ (c) There is no action, suit or proceeding pending, or to the knowle Ige of the County 'L 2S 29 threatened, against or affecting the County before any court or arbitrator or y governmental 3o body, agency or official in which there is a reasonable possibility of an ~dverse decision 31 which would in any way adversely affect the validity or enforceability of his Agreement. 32 33 SECTION 306. INSURANCE. , 34 35 (A~ INSURANCE DURING CONSTRUCTION. During the construction of the C urthouse Square 36 Project, the County will cause the general contractor responsible for the co struction of the 37 Courthouse Square Project to carry "builder's a1l-risk" casualty insurance on the C urthouse Square 38 Project in an amount equal to the full' replacement value of the Courthous Square Project 39 improveinents..'. . ; 40 ~ FINANCING AND TRUST AGREEMENT YAGE L /