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to execute an appropriate power of attorney naming such counsel as Bon. Secours may request for [he purposes of seeing such ruling. (12) Nothing contained in this resolution shall require the expenditure of any funds of the Authority for any purpose whatsoever except such as may be derived from the proceeds of the Series 1992 Bonds issued pursuant hereto, n being understood that Bon Secours and the Institutions will reimburse the Authority for ail remsonable and necessary direct out-of-pocket expenses that the Authority may incur at the reauest of Bon Secours or [he institutions arising from the adoption of this resolution and the performance by the Authority of its obligations hereunder and that are not paid with the proceeds of Series 1992 Bonds. including the Authority's fees and expenses, including counsel fees. In addition. Bon Secours and the Institutions shall pay to the Authority it's annual fee of $500 per $t.000.000 principal amount of the Series 1992 Bonds actually issued prorated_to the extant such Series I992 Bonds are not issued in an integral multiple of $1.000.000. payable upon the issuance of the Series 1992 Bonds and on each anniversary, date of the issuance of the Series 1992 Bonds thereafter until payment of the Series [992 Bonds in full. If for any reason such Series 1992 Bonds are not issued, it is understood that all such expenses shall be paid by Bon Secours and that the Authority shall have no responsibility therefor. (I3) This resolution is a declaration of official intent under Treasury Regulation §I.103-I8 promulgated under the Intemai Revenue Code of 1986. as amended. (I4) The Au~h~r!~r hereby r~cn~mend~ that the Board of Sup~nr~c~o/f.~7-53 ~.~. (~ ~is resolution sh~ t~e effect ~me~atety and shah expke one y~ ~om the date h~eof u~ess Series I992 Bonds ~e issued Mr~ such ~e.