1992-217 - Laserfiche WebLink

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e Y^ Bonds. The Official Statement with respect to the Bonds, in substantially the form of the Preliminary Official Statement, with such omissions, insertions and variations as may be necessary and/or desirable and approved by the Chairman or Vice Chairman of the Board prior to the execution thereof (the "Official Statement"), is hereby approved by the County and the Chairman or the Vice Chairman and the proper officers of the County are hereby authorized and directed to execute the Official Statement and to deliver the same to the Purchaser for use by it in connection with the sale and distribution of the Bonds, the necessity and/or desirability and approval of any such omissions, insertions and variations shall be conclusively presumed by such execution and delivery. SECTION 9. 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 10. Upon the issuance and delivery of the Bonds, the Series 1987 Bonds Reserve Subaccount in the Reserve Account under the Master Bond Resolution, as defined in the Resolution, shall terminate, however, all moneys therein shall continue to be a part of said Reserve Account until specifically transferred or allocated otherwise. Said Series 1987 Bonds Reserve Subaccount was heretofore created under Resolution No. 87-59 of the County in connection with the authorization of the Series 1987 Bonds, all of which are to be retired. SECTION 11. The County shall provide for the retirement of the Series 1985 Bonds and the Series 1987 Bonds to be retired by depositing with the Escrow Agent (hereafter appointed) under the Escrow Agreement (hereinafter defined) the following amounts from the following sources: (a) the amount of $228,468.13 from the Sinking Fund under the Master Bond Resolution, as defined in the Resolution; 5