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be held in the Series 2005 Sinking Fund. Revenues and other amounts deposited in the <br />Bond Amortization Fund for the Series 2005 Bonds shall be held in the Series 2005 Bond <br />Amortization Fund. Revenues and other amounts deposited in the Reserve Account for <br />the Series 2005 Bonds shall be held in the Series 2005 Reserve Account. <br />SECTION 19. COVENANTS OF THE COUNTY. The provisions of Section 17 of <br />the Original Resolution shall be deemed applicable to this Resolution and shall apply to the <br />Series 2005 Bonds issued pursuant to this Resolution as though fully restated herein. <br />SECTION 20. AMENDING AND SUPPLEMENTING OF RESOLUTION. The <br />provisions of Section 25 of the Original Resolution shall be deemed applicable to this <br />Resolution and shall apply to the Series 2005 Bonds issued pursuant to this Resolution as <br />though fully restated herein. <br />SECTION 21. DEFEASANCE. The provisions of Section 24 of the Original <br />Resolution shall be deemed applicable to this Resolution and shall apply to the Series 2005 <br />Bonds issued pursuant to this Resolution as though fully restated herein. <br />SECTION 22. TAX COVENANTS. With respect to the Series 2005 Bonds for which <br />the County intends on the date of issuance thereof for the interest thereon to be excluded <br />from gross income for purposes of Federal income taxation: <br />(A) The County shall not use or permit the use of any proceeds of the Series 2005 <br />Bonds or any other funds of the County, directly or indirectly, to acquire any securities or <br />obligations, and shall not use or permit the use of any amounts received by the County <br />with respect to the Series 2005 Bonds in any manner, and shall not take or permit to be <br />taken any other action or actions, which would cause any Series 2005 Bonds to be an <br />"arbitrage bond" within the meaning of Section 148, or "federally guaranteed" within the <br />meaning of Section 149(b), of the Internal Revenue Code of 1986, as amended (in this <br />Section called the "Code"), or otherwise cause interest on the Series 2005 Bonds to become <br />subject to Federal income taxation, including the creation of any rebate funds or other <br />funds and/or accounts required in that regard. <br />(B) The County shall at all times do and perform all acts and things permitted by <br />law and this Resolution which are necessary or desirable in order to assure that interest <br />paid on Series 2005 Bonds will be excluded from gross income for purposes of Federal <br />income taxes and shall take no action that would result in such interest not being so <br />excluded. <br />SECTION 23. REBATE. Anything to the contrary notwithstanding contained <br />herein or in the Original Resolution, the County shall at least annually transfer into the <br />"Series 2005 Rebate Account" which is hereby created and established, from funds and <br />accounts created under this Resolution to which income on investments attributable to the <br />11 <br />