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be conclusively presumed by such execution and delivery. SECTION 8. The Chairman and Clerk of the Board are hereby authorized and directed to execute the Bonds, when prepared, by manual or facsimile signatures, and to deliver the same to the Purchaser upon payment of the purchase price without further authority from the Board. SECTION 9. The County shall provide for the retirement of the Retired Bonds by depositing with the Escrow Agent (hereafter appointed) under the Escrow Agreement (hereinafter defined) the amounts from the various sinking funds and reserve accounts for the Retired Bonds, from the proceeds of the sale of the Bonds and from other funds of the County required to meet the escrow requirements set forth in the verified refunding report to be delivered at the closing on the sale of the Bonds. Said amounts, together with the interest to be earned thereon when invested as provided in the Escrow Agreement, shall be sufficient to provide for the timely payment of the Retired Bonds in the manner and at the times provided in the Resolution and in the Escrow Agreement. SECTION 10. The County shall enter into an Escrow Agreement (the "Escrow Agreement") with NationsBank of Florida, N.A., Fort Lauderdale, Florida (the "Escrow Agent"), who is hereby appointed, under the terms and provisions of which the Escrow Agent shall hold, invest and apply money deposited with the Escrow Agent for the timely payment of the Retired Bonds in the manner and at the times provided in the Resolution and in the Escrow Agreement. SECTION 11. The Escrow Agreement shall be in the form approved by the Chairman or Vice Chairman of the Board prior to the execution thereof, the approval thereof shall be conclusively presumed by the execution thereof by the Chairman or Vice Chairman. SECTION 12. The Chairman or Vice Chairman and the Clerk of the Board are 5