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any person who shall be the owner of any outstanding Bond or Bonds as shown on the books of the District maintained by the Bond Registrar. T. "Series 1988 Bonds" shall mean the Solid Waste Disposal System Revenue Bonds, Series 1988, authorized and issued hereunder. U. "System" shall mean the complete solid waste disposal system presently owned, operated and maintained by the District and the 1988 Project, as herein defined, together with any and all improvements, extensions and additions thereto hereafter constructed or acquired, and any facilities hereafter made a part of the System by resolution of the Board together with any and all improvements, extensions and additions thereto thereafter constructed or acquired. Words importing singular number shall include the plural number and vice versa and words importing persons shall include firms and corporations or other entities and vice versa. SECTION 3. FINDINGS. It is hereby found and determined as follows. A. It is necessary and desirable to acquire and construct the 1988 Project including, but not limited to, the acquisition of rolling stock, the construction of a landfill and other solid waste disposal facilities and the acquisition of land in connection therewith, all in the District, as provided herein, I n order to preserve and protect the public health, safety and welfare of the inhabitants of the District. Be It is anticipated that the Pledged Funds to be derived from the operation of the System will not be pledged or encumbered in any manner at the time of the issuance of the Series 1988 Bonds. C. The estimated Pledged Funds will be sufficient to pay all of the principal of and interest on the Series 1988 Bonds, as the same become due, and to make all required sinking fund, reserve or other payments in connection therewith. D. It is in the best interest of the District to issue the Series 1988 Bonds. E. The principal of and interest on the Bonds and all required sinking fund, reserve and other payments in connection therewith shall be payable solely from the Pledged Funds. Neither the District nor the County nor any municipality which joins the District shall ever be required to levy ad valorem taxes on any property therein to pay the principal of and interest on the Bonds 01