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Series 1992 Bonds as the same shall become due and payable. It is the intent of this paragraph to provide for payment of all amounts due under said Section of the Code with respect to the Series 1992 Bonds, in such installments and at such times as may be required by said Section of the Code. In the event of any amendment to the Code or the promulgation of regulations under the Code which provide or require otherwise than as provided or required in this paragraph, this paragraph shall be deemed to be amended to incorporate such amendments or regulations, to the extent applicable, and any provisions hereof which conflict with the provisions thereof shall be deemed to be null and void. SECTION 14. SALE OF THE SERIES 1992 BONDS. The Series 1992 Bonds may be sold at public or private sale pursuant to the Act, all at one time or from time to time, as shall be provided by subsequent resolution of the Board. SECTION 15. MODIFICATION OF RESOLUTION. No adverse material modification or amendment of this Resolution, or of any resolution amendatory hereof or supplemental hereto, may be made except as permitted under Section 18 of the Master Bond Resolution. SECTION 16. SEVERABILITY. If any one or more of the covenants, agreements or provisions of this Resolution should be held contrary to any expres-s provision of law or contrary to the policy of express law, though not expressly prohibited, or against public policy, or shall for any reason whatsoever be held invalid, then such covenants, agreements or provisions shall be null and void and shall be deemed separate from the remaining covenants, agreements and provisions hereof, and shall in no way affect the validity thereof or of the Bonds. SECTION 17. REPEALER. Any resolution or part thereof, except the Master Bond Resolution or part thereof, in conflict with this Resolution or part hereof is, to the extent of such conflict, hereby repealed. In the event of a conflict between the Master Bond Resolution or part thereof and this Resolution or part hereof, the Master Bond Resolution or part thereof shall, to the extent of such conflict, prevail, except as may be specifically provided herein. SECTION 18. EFFECTIVE DATE. This Resolution shall take effect immediately upon its adoption. The foregoing resolution was offered by Commissioner Bird who moved for its aloption. The motion was seconded by Commissioner -Adams and, upon being put to a vote, the vote was as follows: Chairman Carolyn K. Eggert Aye Vice Chairman Richard N. Bird Aye Commissioner Fran B. Adams Aye Commissioner Kenneth R. Macht Aye Commissioner John W. Tippin Aye The Chairman thereupon declared the Resolution duly passed and adopted this -2L day of NnvPmhPr , 1992. BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA By: /. 4�ezc'e Carolyn . Eggert, rman W NOV 20'4 1992 86 F A,uE 14'U-�