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~ SECTION 30=t. NO PERSON.4L LIABILITI'. The County's Agents. includin`~ any person ? executin~ the Agreement or the Certificates. shall not be liable personally on the Certiticates or 3 subject to any personal liability for any~ reason relating to the issuance of the Certificates or the 4 performance of any obligations under or ~vith respect to the Agreement or this Agreement. 5 6 SECTION 30~. COUNT~''S REPRESENTATIONS. The County represents and warrants as 7 follows: 8 9 (a) The County is political subdivision and a body politic and corporate duly created ~0 and e~:isting under the laws and the Constitution of the State of Oregon. The County is - ~ authorized by the provisions of the Act to enter into this Agreement, cause the 1998 ~ 2 Certificates to be executed and delivered as provided herein, to pledge the County's interests l3 in the Security as security for the payment of the payment and performance of its obligations ~4 under this Agreement, and to perform its obligations hereunder. 1~ i 6 (b) The execution, delivery and performance by the County of this Agreement have 17 been duly authorized by all necessary County action, require no action by or in respect of. l 8 or filing with any governmental body, agency or official not heretofore duly obtained and in ~ 9 full force and effect (other than any filings, approvals or other action that may be required 3o under applicable state or federal securities laws with respect to the issuance and sale of the ~ l 1998 Certificates, as to which the County makes no warranty or representation) and do not ?2 contravene, or constitute a default under, any provision of applicable law or regulation or of ?3 any agreement, judgment, injunction, order, decree or other instrument binding upon the 2~ Count~~, and do not and will not result in the creation or imposition of any lien on any asset ?5 of the County other than the lien on the Security created by this Agreement in favor of the 26 Trustee. ~~ 28 (c) There is no action, suit or proceeding pending, or to the knowledge of the County 29 threatened, against or affecting the County before any court or arbitratar or any governmental 3o body, agency or official in which there is a reasonable possibility of an adverse decision 3l which would in any way adversely affect the validity or enforceability of this Agreement. 32 33 SECTION 306. INSURANCE. 34 ;5 (A) INSURANCE DURING CONSTRUCTION. During the construction of the Courthouse 36 Square Project, the County will cause the general contractor responsible for the construction of the 37 Courthouse Square Project to carry "builder's all-risk" casualty insurance on the Courthouse Square 38 Project in an amount equal to the full replacement value of the Courthouse Square Project 39 improvements. ~ 40 4t (B) INSUR.~NCE Fo~~o~v~NG CoMP~ET~oN. So long as the Certificates remain Outstanding, ~-2 the County covenants and agrees to maintain, from and after completion of construction of the d3 Courthouse Square Project, the following types of insurance coverage: FINANCINC AND TRUST AGREEMENT PAGE 2H