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Account and the 1991 Reserve Account shall not in any manner whatsoever affect the parity of the Bonds. Revenues and other amounts deposited in the Sinking Fund allocable to the Series 1991 Bonds shall be held in the 1991 Sinking Fund. Revenues deposited in the Bond Amortization Account allocable to the Series 1991 Bonds shall be held in the 1991 Bond Amortization Account. Revenues and other amounts deposited in the Reserve Account allocable to the Series 1991 Bonds shall be held in the 1991 Reserve Account. The income from investment of the 1991 Sinking Fund and the 1991 Reserve Account during a reasonable period of time from the date of issuance of the Series 1991 Bonds, as specified by subsequent resolution of the Board, shall be deposited into the 1991 Rebate Account to the extent required and the excess, if any, into the 1991 Sinking Fund. "SECTION 10. SERIES 1991 BONDS NOT GENERAL OBLIGATIONS. The Series 1991 Bonds shall not be or constitute general or moral obligations or a pledge of the faith, credit or taxing power of the County, the State of Florida or any political subdivision thereof or a general indebtedness of any of them within the meaning of the Constitution or any statute of the State of Florida, but shall be special obligations of the County payable solely from and secured solely by a lien upon and a pledge of the Pledged Funds and certain other funds specified herein. No Registered Owner shall ever have the right to compel the exercise of the ad valorem taxing power of the County, the State of Florida or any political subdivision thereof, or taxation in any form of any real property therein, to pay the Series 1991 Bonds or the interest thereon, or be entitled to payment of such principal and interest from any funds of the County other than the Pledged Funds. "SECTION 11. ARBITRAGE. The County covenants to and with purchasers of the issue which is comprised of the Series 1991 Bonds that it will make no use of the proceeds of such issue which will cause the Series 1991 Bonds to be or become "arbitrage bonds" within the meaning of Section 103(b)(2) and Section 148 of the Internal Revenue Code of 1986, as amended (the "Code"), and the regulations implementing said Sections that duly have been published in the Federal Register or with any other applicable regulations implementing said Sections, and the County further covenants to comply with all other requirements of the Code if and to the extent applicable to maintain continuously the Federal income tax exemption of interest on the Series 1991 Bonds. "SECTION 12. APPLICATION OF SERIES 1991 BOND PROCEEDS. All moneys received from the sale of the Series 1991 Bonds shall be deposited and applied by the County as follows: "A. All accrued interest plus, at the option of the County as specified by subsequent resolution of the Board, an amount which, together with the income expected to be deposited into the 1991 Sinking Fund pursuant to Section 9 hereof, will equal to the interest on the Series 1991 Bonds for a reasonable period of time from the date of issuance thereof shall be deposited 7