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<br /> (b) Between the date ofthis Bond Purchase Contract and the time of Closing,the County will
<br /> not execute any bonds,notes or obligations for borrowed money(other than the Series 2001 Bonds)which
<br /> pledge either the full faith and credit of the County or any portion of the Pledged Revenues,without giving
<br /> prior written notice thereof to the Underwriters.
<br /> (c) The County is,and will be at the date of Closing,duly organized and validly existing as a
<br /> municipal corporation of the State of Florida,with the powers and authority set forth in the Act.
<br /> (d) The County has full legal right,power and authority to: (i)enter into this Bond Purchase
<br /> Contract and the Continuing Disclosure Certificate,(ii)adopt the Resolution,(iii)sell,issue and deliver the
<br /> Series 2001 Bonds to the Underwriters as provided herein, and (iv) carry out and consummate the
<br /> transactions contemplated by this Bond Purchase Contract, the Continuing Disclosure Certificate, the
<br /> Resolution and the Official Statement and the County has complied, and at the Closing will be in
<br /> compliance,in all respects,with the terms of the Act and with the obligations on its part in connection with
<br /> the issuance ofthe Series 2001 Bonds contained in the Resolution,the Series 2001 Bonds,the Continuing
<br /> Disclosure Certificate and this Bond Purchase Contract.
<br /> (e) By all necessary official action, the County has duly adopted the Resolution, has duly
<br /> authorized and approved the Official Statement, has duly authorized and approved the execution and
<br /> delivery of,and the performance bythe County,ofthis Bond Purchase Contract,the Continuing Disclosure
<br /> Certificate and all other obligations on its part in connection with the issuance of the Series 2001 Bonds
<br /> and the consummation by it of all other transactions contemplated by this Bond Purchase Contract in
<br /> connection with the issuance ofthe Series 2001 Bonds;upon delivery of the Series 2001 Bonds,each of
<br /> the Resolution and the Continuing Disclosure Certificate will each constitute a legal, valid and binding
<br /> obligation of the County, enforceable in accordance with their respective terms, subject to applicable
<br /> bankruptcy, insolvency, and similar laws affecting creditors' rights generally and subject, as to
<br /> enforceability,to general principles of equity.
<br /> (fl When delivered to and paid for by the Underwriters at the Closing in accordance with the
<br /> provisions of this Bond Purchase Contract, the Series 2001 Bonds will have been duly authorized,
<br /> executed,issued and delivered and will constitute valid and binding obligations of the County in conformity
<br /> with the Act and the Resolution, and shall be entitled to the benefits of the Resolution,including a prior
<br /> pledge ofand lienuponthe Pledged Revenues in accordance withthe provisions of the Resolution,subject
<br /> to banlauptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors' rights
<br /> generally and subject,as to enforceability, to general principles of equity.
<br /> (g) The adoption of the Resolution and the authorization,execution and delivery of this Bond
<br /> Purchase Contract,the Continuing Disclosure Certificate and the Series 2001 Bonds,and compliance with
<br /> the provisions hereof and thereof,will not conflict with,or constitute a breach of or default under any law,
<br /> administrative regulation,consent decree,ordinance, resolution or any agreement or other instrument to
<br /> which the County was or is subject,nor will such enactment,adoption,execution,delivery,authorization
<br /> or compliance result in the creation or imposition of any lien, charge or other security interest or
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