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L SECTION 7. ADDITIONAL SECURITY FOR AND COVENANTS WITH RESPECT TO THE SERIES 1991 BONDS. The principal of, interest and premium, if any, on the Series 1991 Bonds shall be secured forthwith equally and ratably by a lien upon and a pledge of the Sales Tax, as defined in Resolution 85-75 of the County, as amended (the "Sales Tax" and the "Sales Tax Resolution", respectively). The County hereby irrevocably pledges the Sales Tax to the payment of the principal of, interest and premium, if any, on the Series 1991 Bonds. Such lien and pledge shall be junior and subordinate in all respects to the lien upon and the pledge of the Sales Tax to the payment of the principal of, interest and premium, if any, on the Bonds, now outstanding or hereafter issued, under the Sales Tax Resolution. The County hereby covenants that it will not issue any additional installments of Bonds authorized under the Sales Tax Resolution or any Additional Party Obligations under the Sales Tax Resolution unless there shall have been obtained and filed with the County a certificate of the Accountant stating and setting forth the same information as required by Section 17J(1) of the Sales Tax Resolution except that for purposes of said certificate the Maximum Debt Service Requirement shall include the maximum Bond Service Requirement on the Series 1991 Bonds. In the event that at any time hereafter there are no Bonds outstanding under the Sales Tax Resolution and the County covenants not to thereafter issue any Bonds under the Sales Tax Resolution then the foregoing lien and pledge shall no longer be in effect and the principal of, interest and premium, if any, on the Series 1991 Bonds shall thereafter be secured forthwith equally and ratably by a lien upon and a pledge of eighteen percent (18%) of the Sales Tax, as defined in Sales Tax Resolution. The County in such event hereby irrevocably pledges said eighteen percent (18%) of the Sales Tax to the payment of the principal of, interest and premium, if any, on the Series 1991 Bonds. To the extent that the Sales Tax received by the County in any Fiscal Year is not required for the payment of the principal of, interest and premium, if any, on the Series 1991 Bonds in such Fiscal Year, it may be used by the County for any lawful purpose. The foregoing liens, pledges, covenants and provisions shall be no longer in effect upon none of the Series 1991 Bonds being outstanding or upon the defeasance of the Series 1991 Bonds pursuant to Section 18 of the Master Bond Resolution. SECTION 8. AUTHORIZATION AND DESCRIPTION OF SERIES 1991 BONDS. Subject and pursuant to the provisions of the Master Bond Resolution and this Resolution, obligations of the County to be known as "Recreational Revenue Bonds, Series 1991," are hereby authorized to be issued in the aggregate principal amount of not exceeding $6,500,000. The Series 1991 Bonds shall be Additional Parity Obligations issued pursuant to the Master Bond Resolution. The Series 1991 Bonds shall be dated as of a date to be fixed by subsequent resolution of the County and may be numbered consecutively from one upward or in such other manner as agreed upon between the County and the Bond Registrar. The Series 1991 Bonds shall be issued in such denominations, shall bear interest at such rate or rates, not exceeding the maximum rate authorized by applicable law, payable at such times, shall mature on such dates and in such years and in such amounts, shall be subject to redemption, in whole or in part, prior to their respective stated dates of maturity, at the option of the County or 3