CROW TRIBAL LEGISLATURE

CROW TRIBAL LEGISLATURE

JUNE 26, 2007 SPECIAL SESSION

JOINT ACTION RESOLUTION NO. JARO7-06

INTRODUCED BY CARL E. VENNE, CHAIRMAN

CROW TRIBAL EXECUTIVE BRANCH

JOINT ACTION RESOLUTION OF THE CROW TRIBAL LEGISLATURE

AND THE CROW TRIBAL EXECUTIVE BRANCH ENTITLED:

“RESOLUTION AUTHORIZING THE CHAIRMAN OF THE

EXECUTIVE BRANCH TO OBTAIN A TAX-EXEMPT LOAN FROM

FIRST INTERSTATE BANK, SECURED BY INTEREST FROM THE

107TH SETTLEMENT TRUST FUND, TO PROVIDE FUNDS FOR THE

COMPLETION OF ON-GOING CONSTRUCTION AT THE LITTLE

BIG HORN COLLEGE.”

WHEREAS, Little Big Horn College in Crow Agency, Montana is a public two-year

community college chartered by the Crow Tribe of Indians in 1980 pursuant to the Tribally

Controlled Community College Assistance Act of 1978 (25 U.S.C. § 1801, ef seg.), and is

listed in Section 532 of the Equity in Educational Land-Grant Status Act of 1994 (7 U.S.C.'§

301 note); and

WHEREAS, Little Big Horn College requires additional funds to continue and

complete the on-going construction of its Library-Archives-Administration Building and has

requested assistance from the Executive Branch in the amount of $3 million dollars which

funds are needed as soon as possible to avoid any disruption in the ongoing construction

project; and

WHEREAS, the Crow Tribal Executive Branch has agreed to provide financial

assistance to the Little Big Horn College in an effort to benefit its students and Crow Tribal

members, provided that revenue currently received by the College from the Tribal Tobacco

Tax shall be reduced by amounts necessary for the Tribe to make the payments on the loan;

and

June 26, 2007 Special Session

Resolution Approving FIB Loan for LBHC 6.26.07

Page 1 of 4

WHEREAS, interest income from the Crow Tribal Trust Fund established by the

Crow Boundary Settlement Act of 1994 (25 U.S.C. § 1776, et seq.) is available to

collateralize the loan and provide sufficient debt service because remaining balances on

previous Crow Tribal loans utilizing the 107" settlement fund interest income have been

significantly reduced, and this purpose qualifies as a use “for education, land acquisition,

economic development, youth and elderly programs or other tribal purposes” as required by

25 U.S.C. §§ 1776d(d)(1) and (e); and . .

WHEREAS, the Chairman of the Executive Branch has authority and responsibility

pursuant to the “enumerated powers” in Article IV, Section 3 of the Constitution and Bylaws

of the Crow Tribe of Indians to represent the Crow Tribe in negotiations with Federal, State

and local governments and other agencies, corporations, associations, or individuals in

matters of welfare affecting the Crow Tribe; to “negotiate and approve or prevent any sale,

disposition, lease or encumbrance of Tribal lands, interests in lands or other Tribal assets,

including buffalo, minerals, gas and oil with final approval granted by the Legislative

Branch;” and to “negotiate and approve limited waivers of sovereign immunity when such a

waiver is necessary for business purposes in accordance with Article V, Section 2(f) of [the]

Constitution;” and

WHEREAS, the Legislative Branch has authority and responsibility pursuant to its

“powers and duties” in Article V, Section 2(d) of the Constitution “to grant final approval or

disapproval of items negotiated by the Executive Branch of Government pertinent to the sale,

disposition, lease or encumbrance of Tribal lands, interests in lands or mineral assets,” and in

Article V, Section 2(f) to “grant final approval or disapproval of limited waivers of sovereign

immunity by the Executive Branch when waivers are necessary for business purposes;” and

WHEREAS, the Chairman of the Executive Branch has negotiated the terms of the

loan with First Interstate Bank as set forth on the attached Commitment Letter, including a

limited waiver-of sovereign immunity in Exhibit A to the Commitment Letter; and

WHEREAS, the tax-exempt nature of the loan, which results in much lower

financing costs for the Tribe, will require an opinion of a nationally-recognized bond

counsel, and the Tribe has retained the law firm of Dorsey & Whitney to provide such

opinion and to complete the drafting of the other loan documents along the lines of a

previous tax-exempt loan (copies of which have been provided to the Legislature);

June 26, 2007 Special Session

Resolution Approving FIB Loan for LBHC 6.26.07

Page 2 of 4

NOW, THEREFORE, BE IT RESOLVED BY THE CROW TRIBAL LEGISLATURE

AND THE.CROW TRIBAL EXECUTIVE BRANCH:

Section 1. That the Chairman of the Executive Branch of the Crow Tribe is

hereby authorized to obtain a tax-exempt loan for funding the construction of the

Library-Archives-Administration Building for Little Big Horn College in the amount of

Three Million Dollars ($3,000,000.00), and to pledge and/or assign a portion of the

interest from the Crow Tribal-Trust fund as security for the loan, all in accordance

with the Commitment Letter dated June 26, 2007 from First Interstate Bank, attached

hereto and incorporated herein by reference, and to execute the Commitment Letter on

behalf of the Crow Tribe, subject to final ratification of the final loan documents and

agreements by the Legislature as provided in Section 3 below;

Section 2. That the limited waiver of sovereign immunity in the form set

forth as Exhibit A to the Commitment Letter is hereby approved;

Section 3. That the Chairman of the Executive Branch is hereby authorized

to execute such additional documents and agreements and take such further actions on

behalf of the Crow Tribe of Indians that are necessary to complete and to administer

the loan transaction authorized in Section 1, including additional documents to be

prepared by bond counsel; provided, however, that the approval granted by this

Resolution is subject to final ratification by farther Resolution of the Legislature after

all the loan documents and agreements have been finalized and reviewed with the

Legislature for consistency with the Commitment Letter prior to the Chairman’s

execution of any such documents and agreements;

Section 4. | That the funds from the loan authorized by this Resolution shall

be used only for the Little Big Horn College Library-Archives-Administration Building

construction project and no other purpose (except for transaction costs of the loan), and

the loan documents shall so provide; and

Section 5. That the approval granted herein is effective on the date of

approval of this Resolution, and is subject only to final ratification of all the loan

documents and agreements by the Legislature after they have been finalized, and to

such further approvals as are required by Federal law for the pledge or assignment of

the Crow Tribal Trust Fund income as security for the loan.

June 26, 2007 Special Session

Resolution Approving FIB Loan for LBHC 6.26.07

Page 3 of 4

CERTIFICATION

I hereby certify that this Joint Action Resolution entitled “RESOLUTION

AUTHORIZING THE CHAIRMAN OF THE EXECUTIVE BRANCH TO OBTAIN A

TAX-EXEMPT LOAN FROM FIRST INTERSTATE BANK, SECURED BY

INTEREST FROM THE 107TH SETTLEMENT TRUST FUND, TO PROVIDE

FUNDS FOR THE COMPLETION OF ON-GOING CONSTRUCTION AT THE

LITTLE BIG HORN COLLEGE” was duly enacted by the Crow Tribal Legislature with a

vote of 16. in favor_0_ opposed, and _0__ abstaining and that a quorum was present on this

26" , day of June, 2007.

Speaker of the House

Crow Tribal Legislature ;

euelllrsas,

wea OF THe t.,

ATTEST: as Salas

7 ia oe

ist

Secretary cf tt Sea,

Crow Tribal Legislature ery bs:

aw

. Pree r

EXECUTIVE ACTION % Rope L ES

Thereby

prove or

veto.

This Joint Action Resolution for “RESOLUTION AUTHORIZING THE CHAIRMAN OF THE

EXECUTIVE BRANCH TO OBTAIN A TAX-EXEMPT LOAN FROM FIRST INTERSTATE

BANK, SECURED BY INTEREST FROM THE 107TH SETTLEMENT TRUST FUND, TO

PROVIDE FUNDS FOR THE COMPLETION OF ON-GOING CONSTRUCTION AT THE

LITTLE BIG HORN COLLEGE” pursuant to the authority vested in the Chairman of the Crow

Tribe by Article V, Section 8 and Article IV, Section 3(k) of the Constitution and Bylaws of the Crow

Tribe or Indians, on this £77 day of _) yal @_,2007.

Cot

‘arl E. Venne, Chairman

Crow Tribal Executive Branch

June 26, 2007 Special Session

Resolution. Approving FIB Loan for LBHC 6.26.07

Page 4 of 4

“Tax- Ex Loan-from First Tnterstate Boude

fay Pot, Complete On-Gomg Construchmn ot (BAe

Bill or Resolution Number JARG7-UipIntroduced by EteashyeDate of Vote June Zhe 2007

inch

Representative: Yes No Abstained

\

L. Plain Bull

O. Costa

V. Crooked Arm

M. Not Afraid

R. Iron

B. House

E. Fighter

L. Costa

L. Hogan

S. Fitzpatrick

K. Real Bird

M. Covers Up

L. Not Afraid

B. Shane

J. Stone

D. Wilson

R. Old Crow

Secretary of the House

D. Goes Ahead

Speaker of the House

EI AAIWKRARAAARKRY AK

© oO

Totals:

Result of Vote:

Passed Not Passed Tabled Veto Override

Signature Officer: Corelle 2a ile CPote: G- 26-07

First Interstate Bank

402 N. Center

. RO. Box 903

First Hardin, MT 59034-0903

i - 406-665-3822

e interstate www. firstinterstatebank.com

Bank

June 26, 2007

Mr. Carl Venne, Chairman

Crow Tribe of Indians

P.O. Box 129

Crow Agency, MT 59022-0129

Dear Mr. Venne:

Iam pleased to notify you that First Interstate Bank in Hardin, Montana

(“Lender”), has approved and commits to the Crow Tribe of Indians (“Borrower”) the

following Loan, subject to the terms and conditions set forth below:

BASIC CREDIT TERMS

Borrower: The Crow Tribe of indians

Amount: . $3,000,000.00 . :

Type and Purpose: Term loan, the purpose of which is restricted to fund or

reimburse the construction and acquisitions costs of the

following projects with the following approximate costs:

= Little Big Horn College Buildings ($3,000,000)

The Loan may be funded based approximately on the specific projects and their initial

start and completion dates. As determined by bond counsel some proposed projects and

their uses may not qualify for tax-exemption for federal income tax purposes and any

projects or funding thus determined will accrue interest as described in the second

sentence of the following Interest Rate section.

Interest Rate: Variable rate of five and thirty-six hundredths percent

(5.36%), adjusted semi-annually from and after the date of the

Loan with an index of the Prime Rate as published in the

Money Rate Section of the Wall Street Journal, Western

Edition (currently 8.25%) divided by 1.538, based on the

assumption that interest is excluded from gross income for

federal income tax purposes (discussed below) and that the

Borrower Note (defined below) is designated as a “qualified

tax-exempt obligation” under Section 265(b)(3) of the Code.

In the event there is a determination, ruling or decision that the

Fees:

Maturity and

Repayment:

Evidence of Loan;

Tax —Exempt Status:

Collateral:

interest is includable for federal income tax purposes in the

gross income of the Lender, the interest rate will increase to

the Prime Rate as published in the Money Rate Section of the

Wail Street Journal, Western Edition (currently 8.25%),

adjusted semi-annually from and after the date of the Loan

with an index.of the Prime Rate as published in the Money

Rate Section of the Wall Street Journal, Western Edition, with

such increase to be effective as of the date and time specified

in such determination, ruling or decision that such interest rate

becomes includable.

A loan origination fee of one percent (1%) of the principal

amount of the Loan.

Twenty (20) years from the date of closing of the Loan.

Borrower will make monthly payments of principal and

interest sufficient to fully amortize the Loan, the amount of

which payments shall be subject to the semi-annual

adjustments of the interest rate.

The Loan will be evidenced by Promissory Note (the __

“Borrower Note”) in form acceptable to Lender and Lender’s -

counsel. The Borrower will take all actions necessary to (i)

designate the Borrower Note as a “qualified tax-exempt

obligation” under the provisions of Section 265(b)(3) of the

Internal Revenue Code of 1986, as amended (the “Code”), and

(ii) to insure that interest on the Borrower Note is excluded

from gross income for federal income tax purposes and is not

an item of tax preference for purposes of the federal alternative

minimum tax imposed on individuals and corporations (except

to the extent that, for the purpose of computing the federal

alternative minimum tax imposed on corporations as defined

for federal income tax purposes, such interest is taken into

account in determining adjusted current earnings).

Third priority collateral assignment of payments or amounts

due to become due from the trust fund(s) created by the 107

boundary dispute settlement, subordinate in lien priority only

to the collateral assignment of payment or amounts due for the

1998 Crow Tribal Bonds and the 2000 Crow Tribal Notes,

acceptable to Lender and Lender’s counsel.

CONDITIONS PRECEDENT TO CLOSING

Tribal and Governmental Authorizations: The Borrower must provide

evidence satisfactory to the Lender that the Borrower has taken all necessary action under

Tribal and Federal law to authorize the transactions contemplated herein. In addition, the

Borrower must provide evidence satisfactory to the Lender that the Borrower has secured

all necessary Federal Government authorizations and approvals of the transactions

contemplated herein, including but not limited to confirmation and approval of the United

States Department of Interior, Bureau of Indian Affairs.

Documentation: The Borrower shall execute and deliver such documents and

instruments, and do such other acts and things as the Lender may require, to effect the

transaction described in this commitment. All proceedings, agreements, instruments,

documents and other matters relating to the making of the Loan and the transactions

herein contemplated shail be satisfactory in form and substance to the Lender and its

counsel. The Borrower shall pay all fees, costs, charges and other expenses incurred in

connection with the documentation of, preparation for and the closing of the Loan and

transaction herein contemplated, including but not limited to reasonable fees of the

Lender’s counsel and all recording and filing fees or charges, all whether or not the Loan

and transaction herein contemplated close.

No Material Adverse Change: Prior to closing, there shall not have occurred, in

the opinion of the Lender, any material adverse change in the Borrower’s financial

condition from that reflected in the Borrower’s financial statements dated September 30,

2005.

Financial Statements: During the term of the Loan, Borrower shall furnish

Lender with CPA-audited fiscal year-end financial statements within 270 days after the

end of each fiscal year.

Opinions of Counsel: Borrower shall provide a written opinion of nationallyrecognized bond counsel, dated as of the closing date and addressed to the Lender, in

form satisfactory to the Lender, to the effect that (i) the interest paid on the Borrower

Note will be excluded from gross income from gross income for federal income tax

purposes and is not an item of tax preference for purposes of the federal alternative

minimum tax imposed on individuals and corporations (except to the extent that, for the

purpose of computing the federal alternative minimum tax imposed on corporations as

defined for federal income tax purposes, such interest is taken into account in determining

adjusted current earnings), and (ii) the Borrower Note is a “qualified tax-exempt

obligation” within the meaning of Section 265(b)(3) of the Code, and that in the case of

certain financial institutions (within the meaning of Section 265(b)(5) of the Code), a

deduction is allowed for 80 percent of that portion of such financial institutions’ interest

expense allocable to interest on the Borrower Note. The opinion of bond counsel may be

subject to the condition that the Borrower comply with all requirements of the Code that

must be satisfied subsequent to the issuance of the Borrower Note in order that interest

thereon be, or continue tobe, excluded from gross income for federal income tax

purposes.

The Borrower shall also provide a written opinion of counsel, dated as of the

closing date and addressed to the Lender, in form satisfactory to the Lender, to the effect

that (i) the Borrower has taken all necessary action to execute and deliver the loan

documents, and to perform its obligations thereunder, (ii) the loan documents have been

duly executed and delivered and constitute valid and binding obligations of the Borrower,

and (iii) the-actions taken by the Borrower constitute an effective waiver of its sovereign

immunity as to all matters associated with the Loan, and that such immunity shall not

constitute an effective defense or bar to the Lender’s enforcement of the loan documents.

MISCELLANEOUS

Period for Acceptance: This commitment shall become effective upon

Borrower’s written acceptance below and our receipt of the accepted commitment on or

before June 27, 2007, and, upon the Borrower’s acceptance, shall remain effective until

September 24, 2007. Unless otherwise agreed in writing, the Lender shall have no further

obligation hereunder after September 24, 2007.

Assignment; Participations: This commitment is not assignable by the

Borrower. Subject to applicable federal and state securities laws, the Lender reserves the

right to sell to other banks or financial institutions participations in the Loan and to

disclose to the participants such information regarding the Borrower’s affairs as the

Lender may possess.

Governing Law; Jurisdiction; Limited Waiver of Sovereign Immunity: This

commitment and the Loan shall be governed by and construed in accordance with the

laws of the State of Montana, provided that this is not intended and shall not be

interpreted as a concession by the Borrower that the State of Montana has lawful

authority to regulate the project or any activities of the Borrower or its officers,

employees or agents. The loan documents shall specifically provide that any controversy

of claim arising out of, or in any way related to, the enforcement or subject matter of the

Loan shall be settled by binding arbitration administered by the American Arbitration

Association (“AAA”) under its Commercial Arbitration Rules, and judgment upon the

award rendered by the arbitrator(s) may be entered in a court(s) with jurisdiction of the

matter, all in accordance with the provisions set forth in Exhibit A attached hereto. The

parties shall waive any right to litigate such matters in any other court or tribunal, and the

Borrower shall grant a limited waiver of its sovereign immunity for the sole purpose of

enforcing the Borrower’s obligations in the form provided in Exhibit A.

Entire Agreement: The terms of this commitment supersede all prior written or

oral communications between the Lender and the Borrower with respect to the terms of

this commitment and the Loan to be made pursuant hereto. No modification or waiver of

any provisions hereof shall be effective unless set forth in writing and signed by the party

to be bound thereby.

If the terms of this commitment are acceptable to the Crow Tribe of Indians,

please evidence your acceptance by signing below in the space indicated, and return a

signed copy of this letter to me. We appreciate the opportunity to assist you in your credit

needs and look forward to a long and favorable relationship with you. If you have any

questions or comments on this commitment please contact me at (406) 665-3810.

Sincerely,

FIRST INTERSTATE BANK

Hardin Office

By: a sack be

Cc. fed Fist r

President

COMMITMENT ACCEPTED:

Date: , 2007

CROW TRIBE OF INDIANS

By:

Carl Venne, Chairman

Attest:

Secretary

EXHIBIT A

DISPUTE RESOLUTION

AND

LIMITED WAIVER OF SOVEREIGN IMMUNITY

1.1 Arbitration. (a) Any controversy or claim arising under the Loan Agreement(s),

the Notes or the Collateral Documents shall be settled by binding arbitration in accordance with

the Commercial Arbitration Rules of the American Arbitration Association (“AAA”) except as

otherwise modified herein, and judgment upon the award rendered by the arbitrator(s) may be

entered in a court having jurisdiction thereof as further provided in this Exhibit A.

(b) The arbitration shall be conducted in Billings, Montana. The arbitrator(s) shall

have authority to order specific performance and award appropriate injunctive, declaratory or

compensatory monetary relief, including interlocutory orders to mitigate damage or prevent

irreparable injury to a party, but shall not have authority to award punitive damages or other

noncompensatory damages. The Federal Rules of Evidence shall govern evidentiary matters in

any arbitration brought hereunder.

(c) The arbitrators’ fees and other all other costs of the arbitration shall initially be

borne equally by the parties, but ultimate responsibility for payment of such costs shall be borne

by the party against whom the award is rendered, except as the arbitrator(s) may otherwise

provide in a written decision.

(d) The award of the arbitrators shall be conclusive and binding on the parties with

respect to the matters decided, and shall be complied with by the parties. A party may enter an

award and institute Judicial Proceedings to enforce the award in accordance with Section 1.2 of

this Exhibit A. In such Judicial Proceedings, neither party, without the consent of the other party,

shall be entitled to contend that the award should be vacated, modified or corrected.

1.2 Judicial Proceedings. (a) A party may commence court proceedings (“Judicial

Proceedings”) only to compel the other party to participate in arbitration proceedings or to

enforce an arbitration award. All Judicial Proceedings conducted pursuant to this Exhibit A shall

be initially commenced in Crow Tribal Court. Any Judicial Proceedings conducted in Tribal

Court shall be conducted in accordance with the substantive law of the Federal Arbitration Act

and the procedural law of the Crow Tribal Court, to the extent that such procedural law is not

inconsistent with the Federal Arbitration Act and the procedures expressly provided herein.

(b) In the event that the Crow Tribal Court refuses to compel a party to participate in

arbitration proceedings or to enforce an arbitration award as written, or fails to perform said

functions within 60 days after commencement of Judicial Proceedings, or such further time as the

parties may mutually agree, either party may transfer (“remove”) the Judicial Proceedings from

Crow Tribal Court to the United States District Court for the District of Montana, or if it lacks

jurisdiction, to the Montana Twenty-Second Judicial District Court for Big Horn County,

Montana.

(c) Removal of Judicial Proceedings from Crow Tribal Court may be accomplished

by filing a-notice of removal in Crow Tribal Court and filing an appropriate application in the

appropriate federal or state court (the “Deciding Forum”) in accordance with the procedural rules

of that forum. The notice of removal and application need be executed on behalf of only the

removing party, and such removal shall not be opposed or contested by the other party. Upon

removal, all proceedings in Crow Tribal Court shall be stayed pending final resolution in the

Deciding Forum, and all Tribal remedies shall be deemed exhausted. Upon final resolution of

the matter, the order or judgment of the Deciding Forum may be entered in Crow Tribal Court.

(d) The parties waive any rights to pursue judicial proceedings related to the Loan

Agreement(s), Notes and Collateral Documents in any court except as provided in this Exhibit A.

3.°. Limited Waiver of Borrower’s Sovereign Immunity. The Crow Tribe as

Borrower unequivocally and irrevocably grants a limited waiver of its sovereign immunity from

suit or the limited purpose of enforcing the Borrower’s obligations under the Loan Agreement(s),

the Notes or the Collateral Documents by means of arbitration proceedings, Judicial Proceedings

instituted for the purpose of compelling participation in arbitration proceedings, and Judicial

Proceedings for the enforcement of arbitration awards, all in accordance with the provisions of

this Exhibit A; provided, however, that:

(a) _ this limited waiver shall only extend to the Bank, its successor and assigns, and no

other or third parties;

(b) __ this limited waiver shall not apply to proceedings in any court except the Judicial

Proceedings as provided in Section 1.2 this Exhibit A;

(c) this waiver shall extend only for a period of time until all the Borrower’s

obligations are satisfied under the Loan Agreement(s), Notes or Collateral Documents; and

(d) the monetary relief available against the Crow Tribe pursuant to this waiver shall

be limited to amounts that are expressly due and payable pursuant to the Loan Agreement(s),

notes or Collateral Documents (including the costs of arbitration if so awarded against the

Borrower pursuant to this Exhibit A), and shall not include any other indirect, consequential, tort,

punitive or noncompensatory damages, and in no event shall any judgment or other relief

awarded pursuant to this limited waiver result in the encumbrance of any Tribal property or

assets which are held in trust for the Crow Tribe by the United States of America except those

trust assets specifically pledged or assigned pursuant to the Collateral Documents.

Legislative Branch

Pryor:

Arrow Creek

Larry Plain Buil, Sr.

Oliver Costa

Carlson Goes Ahead

Speaker of the House

Big Horn:

Valley of the Give

Away

Vincent Crooked Arm

Marlin D. Not Afraid

Ralph Iron, Jr.

Dunmore:

Black Lodge

Bruce R. House

Ertis Fighter, Sr.

Larry Costa

Reno:

Center Lodge

Lloyd Hogan, Jr.

Sidney Fitzpatrick, Jr.

Kennard Real Bird

Lodge Grass:

Valley of the Chief

Manuel Covers Up, Sr.

Rudolph K. Old Crow

Secretary of the House

Leroy Not Afraid

Wyola:

Mighty Few

Beverly M. Shane

J.D. Stone,

Dana Wilson

Staff

Jackie Blacksmith,

Administrator

William Old Crow

Finance Officer/Admin.

Assist.

Noel Two Leggins

Legal Assistant

Kenny Pretty On Top

Maintenance/Custodian

Ronald Ameson, Esq.,

Attorney At Law

LEGISLATIVE BRANCH OF THE

CROW TRIBAL GOVERNMENT

P.O. Box 309 — MAKAWASHA Avenue

Crow Agency, Montana 59022

Phone: (406) 638-2023/2025/2238 Fax: (406) 638-2030

OFFICIAL CERTIFICATE OF DELIVERY

I, Rudolph K. Old Crow, Secretary of the Legislative Branch of the Crow Tribal

Government hereby this Transitional Action do deliver a True and Correct Official copy

Of the Final Approval for the following Bill:

INTRODUCED BY: CARL E. VENNE, CHAIRMAN

CROW TRIBAL EXECUTIVE BRANCH

‘JOINT ACTION RESOLUTION OF THE CROW TRIBAL LEGISLATURE

AND THE CROW TRIBAL EXECUTIVE BRANCH ENTITLED:

“RESOLUTION AUTHORIZING THE CHAIRMAN OF THE EXECUTIVE BRANCH

TO OBTAIN A TAX-EXEMPT LOAN FROM FIRST INTERSTATE BANK,

SECURED BY INTEREST FROM THE 107™ SETTLEMENT TRUST FUND, TO

PROVIDE FUNDS FOR THE COMPLETION OF ON-GOING CONSTRUCTION AT

THE LITTLE BIG HORN COLLEGE.”

Bill No. JARO7-06 to Taib— Tak

Position of: “1 bal Akfornay

Crow Tribal Executive Branch.

Done and dated this_Z pis day of Pye. 2007 @ 3 -€O amigm,)

aun K. Old Crow

Secretary of the House

Legislative Branch of the

Crow Tribal Government

in the

for the

Served by:

t/a

Legisltive Branch Staff

Ce: file