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income from investment of the 1991 Sinking Fund accrued through <br />August 31, 1993 shall be deposited into the 1991 Rebate Account to <br />the extent required and the excess, if any, into the 1991 Sinking <br />Fund. <br />SECTION 7. The purchase of municipal bond insurance <br />with respect to the Bonds from AMBAC Indemnity Corporation is <br />hereby authorized and directed. The Chairman, the Vice Chairman <br />and the Clerk of the Board and the proper officers of the County <br />are each hereby authorized to take all actions on behalf of the <br />County as may be necessary, desirable and/or appropriate in <br />connection with such insurance, including without limitation the <br />payment of the premium therefor. <br />SECTION 8. The Preliminary Official Statement with <br />respect to the Bonds, a copy of which is attached to the Bond <br />Purchase Agreement (the "Preliminary Official Statement"), is <br />hereby approved and ratified by the County, and the County hereby <br />approves and ratifies the use by the Purchaser of the Preliminary <br />Official Statement in connection with the sale and public re- <br />offering of the Bonds. The Official Statement with respect to the <br />Bonds, in substantially the form of the Preliminary Official <br />Statement, with such omissions, insertions and variations as may be <br />necessary and/or desirable and approved by the Chairman of the <br />Board prior to the execution thereof (the "Official Statement"), is <br />hereby approved by the County and the proper officers of the County <br />are hereby authorized to execute the Official Statement and to <br />deliver the same to the Purchaser for use by it in connection with <br />4 <br />