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County•is under no obligation to accept the purchase proposal. At the time <br />of the purchase proposal, the County shall be supplied by the Underwriter <br />with a list of comparable bond sales so as to evidence the appropriateness <br />of the proposal. The Underwriter and the County agree to negotiate in <br />good faith for the purchase and sale of the Bonds.within twenty-four hours <br />after the time of the proposal and if they fail to reach an agreement as <br />.to the sale of the Bonds, either the County or the Underwriter may terminate <br />this Agreement upon ten day's written notice to the other party and all <br />obligations shall terminate. So long as this Agreement is in effect, the <br />N parties hereto agree to negotiate with each other in good faith. <br />All expenses of the financing will bq paid in a manner satisfactory to <br />the County either.by the Underwriter or from bond proceeds, or otherwise <br />as mutually agreed between the parties. No fee will be paid by.the County <br />to the Underwriter. <br />It i's requested that the 'County accept this proposal by signing one <br />copy and returning it to us. Other than a� provided under sub -paragraph 5 <br />above, this Agreement may be cancelled upon ninety (90) days' written notice. <br />• WILLIAM R. HOUGH & CO. <br />BY: <br />Gpfge T. 8 and• - <br />ACCEPTED BY: <br />BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA <br />By: 2W <br />ATTEST;, <br />may <br />H1 181977 <br />