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other and further action and steps as may be necessary or appropriate to execute <br />and deliver the same. <br />SECTION 9. The retirement of the Series 1988 Notes, as defined in <br />Resolution No. 91-81, is hereby authorized, and at the time of issuance and <br />delivery of the Bonds a sufficient amount of the proceeds of the Bonds, together <br />with other legally available funds of the County in the amount of $800,000, shall <br />be deposited into the Notes Payment Account established under Resolution No. 88- <br />120 of the County to effect retirement of such Series 1988 Notes, giving effect <br />to other funds therein available for the purpose and investment earnings thereon. <br />Such deposit into the Series of 1988 Notes Payment Account shall be irrevocable <br />to the extent that funds in the Series of 1988 Notes Payment Account and•the <br />interest earnings thereon are required to pay the principal of and interest on <br />the outstanding Series of 1988 Notes at maturity thereof on December 1, 1991. <br />The Chairman, the Vice Chairman and the Clerk of the Board and other proper <br />officers of the County are each hereby authorized to take all actions on behalf <br />of the County as may be necessary, desirable and/or appropriate in connection <br />with the retirement of such Series 1988 Notes, including without limitation to <br />execute and deliver any and all documents and instruments on behalf of the <br />County. <br />SECTION 10. There shall be deposited into the Reserve Account within <br />the Sinking Fund established under Resolution No. 89-19 of the County, as amended <br />and supplemented, from proceeds of the Bonds, at the time of issuance and <br />delivery thereof, the sum of $776,925, to be held, invested and applied for the <br />purposes of such Reserve Account. <br />5 <br />