Board Packet 01 18 06 - Sonoma Marin Area Rail Transit - Home Page
Board Packet 01 18 06 - Sonoma Marin Area Rail Transit - Home Page
Board Packet 01 18 06 - Sonoma Marin Area Rail Transit - Home Page
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7. The principal amount borrowed under this Promissory Note shall be payable from<br />
taxes, assessments, income, revenue, cash receipts and other moneys which are received by<br />
SMART. This Promissory Note shall be a general obligation of SMART and shall be paid with<br />
interest thereon from moneys of SMART lawfully available therefore, as provided herein and by<br />
law.<br />
8. The undersigned certifies that they are duly authorized to execute this Agreement<br />
on behalf of SMART.<br />
9. The undersigned certifies that they are duly authorized to execute this Agreement<br />
on behalf of NCC.<br />
10. This instrument constitutes the entire agreement between the Parties and<br />
supersedes and integrates all prior discussions and negotiations concerning all other matters<br />
contained herein. The terms of this Agreement, as set forth herein, may not be orally changed or<br />
orally modified.<br />
11. This Agreement shall be interpreted under the laws of the State of California.<br />
Any proceeding to enforce this Agreement shall be brought in the courts of the State of<br />
California.<br />
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