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+ a <br />J U L 71982 <br />�n jK 50 nu 256 <br />Notes for redemption prior to maturity pursuant to any applicable <br />optional redemption provisions, or to impair the discretion of the <br />Issuer in determining whether to exercise any such option for <br />early redemption, except that if any'of the Bonds shall be held by <br />the Government., the Bonds so held by the Government shall be <br />called for redemption as a whole within a period not exceeding 6 <br />months from the date of such deposit unless the Government shall <br />agree otherwise in writing. Notwithstanding the above, any Bonds <br />held by the Government shall be defeased only with the prior writ- <br />ten approval of the Government. <br />4.05 Severability of Invalid Provisions. If any one or <br />more of the covenants, agreements or provisions of this Instrument <br />or of the Bonds or Notes should be held contrary to any express <br />provision -of law or contrary to the policy of express law, though <br />not expressly prohibited, or against public policy, or shall for <br />any reason whatsoever be held invalid, then such covenants, <br />agreements or provisions shall be null and void and shall be <br />deemed separate from the remaining covenants, agreements or pro- <br />visions of this Instrument and of the Bonds and the Notes. <br />4.06 Conflicts Repealed. All resolutions or parts of <br />resolutions in conflict herewith are hereby repealed. <br />4.07 Effective Date. This Instrument shall take effect <br />immediately upon its passage. <br />The foregoing resolution was offered by Commissioner <br />Lyons who moved its adoption. The motion was <br />seconded by Commissioner Bird and, upon being put to a <br />vote, the vote was as follows: <br />Chairman Don C. Scurlock, Jr. Aye <br />Vice -Chairman A. Grover Fletcher Nay <br />Commissioner Patrick B. Lyons Aye <br />Commissioner William C. Wodtke, Jr. Aye <br />Commissioner Dick Bird Aye <br />The Chairman thereupon declared the resolution duly <br />passed and adopted this 7th day of July , 1982• <br />Attest: <br />FREDA WRIGHT, ClerNl <br />1w4c <br />BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA <br />By C <br />DON C. SCURLOCK, JR.77 <br />Chairman <br />APPROVED AS TO FORM AND <br />SUFFICANCY ,, X/ <br />M ./ BRANDEN.tURG, County Attorney <br />