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amended, and any valid and applicable rules and regulations prom- <br />ulgated thereunder necessary to maintain the exclusion from gross <br />income of interest on the Bonds, including the creation of any <br />funds and/or accounts required in that regard. The County <br />covenants and agrees to make any and all payments required to be <br />made to the United States Department of the Treasury in connection <br />with the Bonds pursuant to Section 148(f) of the Code from amounts <br />on deposit in the funds and accounts established in connection with <br />the Bonds or from other legally available funds of the County. <br />SECTION 18. OWNERS NOT RESPONSIBLE FOR APPLICATION OF BOND <br />PROCEEDS. The Owners of the Bonds issued hereunder shall have no <br />responsibility for the use of the proceeds of said Bonds, and the <br />use of such Bond proceeds by the County shall in no way affect the <br />rights of such Owners. The County shall be irrevocably obligated <br />to continue to levy and collect the ad valorem taxes as provided <br />herein to pay the principal of and interest on said Bonds annually <br />as they become due and to make all other payments provided for <br />herein from said ad valorem taxes notwithstanding any failure of <br />the County to use and apply such Bond proceeds in the manner <br />provided herein. <br />SECTION 19. MODIFICATION OR AMENDMENT. No material modi- <br />fication or amendment of this Resolution or of any resolution <br />amendatory hereof or supplemental hereto may be made without the <br />consent in writing of the Owners of two-thirds (2/3) or more in the <br />principal amount of the Bonds then outstanding responding to the <br />County's written request for such consent provided by certified <br />17 <br />