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Ia) for the benefit of St. Mary"s Hospimt,,'a, Principal amount (excluding ori_~inal issue discount) not ro exceed $31,580,000. upon terms and conditions to be mutually agreed upon among the Authority,, St. Mary's Hospital. Bon Secours and the purchasers of such bonds; and (b) for the benefir of Maryview Hospital, a principal amount (excluding ori~qnal issue discount) not rc exceed $23.320,000. upon terms and conditions to be mutually agreed upon-among the Authority, Maryview Hospital, Bon Secours and the purchasers of such bonds. (6) Payment of the Series t992 Bonds shall be secured by an assignmenr~ for the benefit of the ~olders thereof, of the Authority;s rights (excluding the Authority's rights to indemnification, fees. expenses and notice) under notes or other obligations of the Institutions for whose benefit such bonds are issued requiring payments sufficient in the aggegate to pay all principal of, premium, if any, and interest on the Series 1992 Bonds. (7) The Series I992 Bonds may be issued in one or more series issued on one or more dates. Ail Series 1992 Bonds shall bear such dtle 6r designation, shall bear interest at such rate or rares, shall be in such denominations, shall be subject ro such terms of redemption, shall be in such form. and shall contain such other terms and conditions as may be approved by the Authority. (8) It having been represented to the Authority that it is necessary ro proceed Lin_mediately with the Refunding and the undertnking of the Improvement Projects, the Authority hereby authorizes Bon Secours and the Institutions to proceed with their plans for the Refunding and the Improvement Projects and to rake steps as they may deem appropriate in connecuon therewith, provided thor nothing herein shall be deemed to authorize Bon Secours or the Institutions ro obligate the Authority without its consenr in, each instance to the payment of any moneys or the performance of any acts in connection with the Refunding or the Improvement Projects. The Authority agrees that Bon Secours and the Institutions may be reimbursed from the proceeds of the Series 1992 Bonds for all such costs they so incur to the extent permitted by the Act and applicable Federal law. (9) The Authority hereby agrees to the recommendation of Bon Secours that Chapman and Cutler. Chicag~c, Illinois, be appointed as bond counsel and hereby appoints such fm'n to supervise the proceedings and approve the issuance of the Series 1992 Bonds. (10) At the request of Bon Secours the Authority hereby appoints Lehman Brothers. New York, New York. as under~vriters for the purchase and sale of the Series 1992 Bonds pursuant to terms to be mutually a~eed upon. (11) If requested by Bon Secours or bond counsel, the Authority shall, at the expense of Ben Secours, make application to the Internal Revenue Service for such tax rulings as may be necessary or desirable in connection with the issuance of all or part of the Series 1992 Bonds. The Chairman and due Vice Chairman of,the Authority are hereby authorized -34