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15 WHEREAS the industrial undertaking will consist of lands, build- ings, improvements, machinery, equipment and facilities; and WHEREAS Lessor and Lessee hereby recite knowledge that Lessor has undertaken to furnish permanent financing of the Project costs, expenses of authorizing and issuing the bonds and making provision for interest during construction, if necessary, by the issuance of Industrial Development Revenue Bonds under Act No. 9 (the "bonds") in an amount not to exceed Five Hundred Thousand Dollars ($500,000), and pursuant to its undertaking to furnish said permanent financing the Lessor submitted to the electors the question of issuing the bonds under Act No. 9, at which election the electors approved the issuance of the bonds; and WHEREAS the bonds are being sold and issued in series, with there being initially issued Series A in the principal amount of $375,000, and whenever the unqualified word "bonds" appears herein the reference shall be to all bonds regardless of series; and WHEREAS Lessor and Lessee recite knowledge that a bank or trust company will be Trustee for the holders and registered owners of the bonds being issued by Lessor under Act No. 9 with the original Trustee being First National Bank of Kansas City, Kansas City, Missouri, and the bonds will be secured by a Trust Indenture executed and delivered by and between Lessor and the said Trustee (the Trustee will be herein referred to as the "Trustee", and the Trust Indenture, which sets forth the nature and extent of the security for the payment of the principal of and interest on the bonds, the rights and obligations of Lessor, the Trustee and the holders and registered owners of the bonds, and which will otherwise state the terms and conditions upon which the bonds are issued and secured, will be herein sometimes referred to as the "Trust In&nture" or the "Indenture");