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RESOLUTION NO. 95-63 <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 />-mail; provided, however, that no modification or amendment shall <br />.permit a change in the maturity of such Bonds or a reduction in the <br />rate of interest thereon or in the amount of the principal obliga- <br />tion thereof or affecting the promise of the County to pay the <br />principal of and interest on the Bonds as the same shall become due <br />or reduce the percentage of the Owners of the Bonds required to <br />consent to any material modification or amendment hereof without <br />the consent of the Owner or Owners of all such Bonds. <br />Notwithstanding the foregoing, this Resolution may be amended, <br />changed, modified and altered without the consent of the Owners of <br />the Bonds, (i) to cure any ambiguity, correct or supplement any <br />provision contained herein which may be defective or inconsistent <br />with any other provision contained herein, (ii) to provide other <br />changes which will provide additional security to the Owners of the <br />s•y <br />Bonds, or (iii) to maintain the exclusion of interest on the Bonds <br />from gross income for Federal income tax purposes. <br />SECTION 20. DEFEASANCE. If the County shall pay or cause to <br />be paid or there shall otherwise be paid to the Owners of all Bonds <br />the principal or redemption price, if applicable, and interest due <br />or to become due thereon, at the times and in the manner stipulated <br />therein and in this Resolution, then the pledge of the full faith <br />and credit and taxing power of the County, and all covenants, <br />agreements and other obligations of the County to the Owners, shall <br />thereupon cease, terminate and become void and be discharged and <br />satisfied. In such event, the Paying Agent shall pay over or <br />deliver to the County all money or securities held by them pursuant <br />67 <br />May 16, 1995 <br />BOOK 5 <br />