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10.5 Corporate Authority. The persons executing this contract on behalf of the parties hereby warrant <br />that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this contract on <br />behalf of said party, (iii) by so executing this contract, such party is formally bound to the provisions of this contract, <br />and, (iv) the entering into this contract does not violate any provision of any other agreement to which said party is <br />bound. <br />-12- <br />CDBG Agreement with Project Literacy FY09-10 <br />