THE CORPORATION WAS FORMED FOR EDUCATIONAL AND CHARITABLE PURPOSES, SPECIFICALLY TO UNDERTAKE CERTAIN OBLIGATIONS WITH RESPECT TO THE ACQUISITION OR SALE OF REAL AND/OR PERSONAL PROPERTY IN CONNNECTION WITH THE DESIGN, CONSTRUCTION, OPERATION, FINANCING, AND REFINANCING OF EDUCATION FACILITIES TO BE USED BY THE BEAUFORT COUNTY SCHOOL DISTRICT AND SUCH OTHER PROJECTS LOCATED IN AND FOR THE BENEFIT …