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`I <br />MAY 2 3 1984 <br />BOOK 57 fAu 1. <br />SECTION 2. Section 2 of said Resolution is amended by <br />adding thereto a new subsection V to read as follows: <br />"SECTION 2. DEFINITIONS. . . <br />V. 'Junior Lien Bonds' shall mean the obligations of <br />the County, if issued, the lien of which on the Race Track <br />Funds and the investment income herein provided for, shall be <br />junior and subordinate in all respects to the lien of the <br />Bonds." <br />SECTION 3. Subsection 3E of the Resolution is hereby <br />amended to read as follows: <br />"SECTION 3. FINDINGS. It is hereby ascertained, deter- <br />mined and declared that:... <br />E. The estimated funds needed for such refunding <br />as above described and for the Project shall be provided <br />from proceeds derived from the sale of the Bonds, or a <br />portion thereof, and the Junior Lien Bonds, or a portion <br />thereof, if issued, and other funds of the County <br />available therefor." <br />SECTION 4. The first full paragraph of Subsection 15D <br />of the Resolution is amended to read as follows: <br />"SECTION 15. APPLICATION OF BOND PROCEEDS... <br />D. A sum specified in the Escrow Deposit Agree- <br />ment, together with such portion of the proceeds of the <br />Junior Lien Bonds, if issued, specified in the Escrow <br />Deposit Agreement which together with the other funds <br />described in the Escrow Deposit Agreement to be depo- <br />sited in escrow, and together with the investment income <br />thereon, will be sufficient to pay the principal of, <br />interest and redemption premium, if any, on the Refunded <br />Bonds as the,same shall become due or may be redeemed, <br />shall be deposited into the Escrow Account established <br />by the Escrow Deposit Agreement in the respective <br />-2- <br />M M M <br />