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Statutes (1991), as amended; County Ordinance No. 77-19, duly enacted by the Board of County Commissioners of the County (the "Board") on August 3, 1977, as amended (the "Ordinance"); Resolution No. 85-75 duly adopted by the Board on July 10, 1985, as amended and supplemented, including without limitation the supplements made by Resolution No. 92- duly adopted by the Board on 1992 (the "Resolution"); and other applicable provisions of law. Under the Resolution, NationsBank Trust (the "Paying Agent") has been appointed as paying agent and bond registrar for the Series 1992 Bonds. The County, pursuant to the power and authority vested in it by law, has determined to retire a portion of its outstanding Refunding and Improvement Revenue Bonds, Series 1985, dated as of November 1, 1985 (the "Series 1985 Bonds"), and to retire all of its outstanding Capital Improvement Revenue Bonds, Series 1987, dated as of July 1, 1987 (the "Series 1987 Bonds"), all of which bonds were heretofore issued under the Resolution. The Resolution provides that the proceeds of the Series 1992 Bonds, together with other available funds of the County, are to be used, inter alia: (i) to retire a portion of the outstanding Series 1985 Bonds and all of the outstanding Series 1987 Bonds; (ii) to make a deposit to the Reserve Account established under the Resolution to the extent necessary to comply with the Resolution; and (iii) to pay all costs and expenses in connection with the issuance of the Series 1992 Bonds and the retirement of the Series 1985 Bonds and the Series 1987 Bonds to be retired, all as more fully provided in the Resolution. The Resolution contains covenants of the County to comply with provisions of the Internal Revenue Code of 1986, as amended (the "Code"), and applicable regulations promulgated thereunder, inter alia, to preserve the exclusion of the E-2