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payment Nothing herein shall be deemed to require the County <br />to call -any of the outstanding Obligations for redemption prior <br />to maturity pursuant to -any applicable optional redemption provi- <br />sions, or to impair the discretion of the County in determining <br />whether to exercise any such option -'for early redemption. <br />SECTION 18. SALE OF OBLIGATIONS. The Obligations shall <br />be sold and issued in such manner and at such price or prices <br />consistent with the provisions of the Act and this Resolution as <br />shall be determined by subsequent resolution of the County <br />adopted prior to such sale and issuance, respectively. <br />SECTION 19. VALIDATION AUTHORIZED. The Attorney for <br />the County be, and he is, hereby authorized and directed to <br />institute proceedings in the Circuit Court for Indian River <br />County, Florida, for the validation of said Obligations, and the <br />proper officers of the County are hereby authorized to verify on <br />behalf of the County any pleadings in such proceedings. <br />SECTION 20. MODIFICATION OR AMENDMENT. No material <br />modification or amendment of this Resolution or of any resolution <br />amendatory hereof or supplemental hereto, may be made, without the <br />consent in writing of the Holders of sixty-six and two-thirds per <br />centum (b& 2/3%) or more in principal amount of the Obligations <br />then outstanding; provided, however, that no modification or <br />amendment shall permit a change in the maturity of such <br />Obligations or a reduction in the rate of interest thereon or in <br />the amount of the principal Obligation thereof or affecting the <br />unconditional promise of the County to collect such portion of <br />the Race Track Funds and Jai Alai Fronton Funds as herein pro- <br />vided, or to pay the principal of and interest on the Obligations <br />as the same shall become due from such Race Track Funds and Jai <br />Alai Fronton Funds, or reduce such percentage of Holders of such <br />Obligations, required above, for such modifications or amend- <br />ments, without the consent of the Holders of all of such <br />Obligations; provided further, however, that no modification or <br />amendment of this Resolution or of any resolution amendatory <br />-24- <br />NOV 211979 42. PAGE1 t O <br />