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"SECTION 6. AUTHORIZATION AND DESCRIPTION OF BONDS. Subject and <br />pursuant to the provisions of this Resolution, obligations of the County to be <br />known as "Water and Sewer Revenue Refunding Bonds, Series 1989," are hereby <br />authorized to be issued in the aggregate principal amount of not exceeding <br />$7,500,000. The Series 1989 Bonds shall be dated as of a date to be fixed by <br />subsequent resolution of the County and may be numbered consecutively from one <br />upward or in such other manner as agreed upon between the County and the Bond <br />Registrar. The Bonds shall be issued in such denominations, shall bear interest <br />at such rate or rates, not exceeding the maximum rate authorized by applicable <br />law, payable at such times, shall mature on such dates and in such years and in <br />such amounts and shall have such other terms and conditions as may be determined <br />by subsequent resolution of the County adopted at or prior to the sale of the <br />Series 1989 Bonds. <br />"The Series 1989 Bonds shall be issued in fully registered form <br />without coupons; shall be payable with respect to principal at a principal <br />corporate trust office of the Paying Agent; shall be payable in lawful money of <br />the United States of America; and shall bear interest from their date, payable <br />by check mailed to the Registered Owners at their addresses as they appear on <br />the registration books kept by the Bond Registrar on behalf of the County. <br />"Notwithstanding any other provisions of this section, the Board <br />may, at its option, prior to the date of issuance of the Bonds and subject to <br />the approval of the purchasers of the Bonds, elect to use an immobilization <br />system or pure book -entry system with respect to issuance of the Bonds, provided <br />adequate records will be kept with respect to the ownership of Bonds issued in <br />book -entry form or the beneficial ownership of the Bonds issued in the name of <br />a nominee. As long as any Bonds are outstanding in book -entry form, the <br />provisions of Sections 7, 9, 10 and 11 of this Resolution shall not be <br />applicable to such book -entry Bonds. The details of any alternative system of <br />Bond issuance, as described in this paragraph, shall be set forth in a <br />resolution of the Board duly adopted at or prior to the delivery of any of the <br />Bonds. <br />"SECTION 7. EXECUTION AND AUTHENTICATION OF BONDS. The Bonds shall <br />be executed in the name of the County by the Chairman or Vice Chairman of the <br />Board attested by its Clerk and its official seal or a facsimile thereof shall <br />be affixed thereto or reproduced thereon. The signatures of the Chairman or <br />Vice Chairman and Clerk may be either manual or facsimile signatures. The <br />certificate of authentication of the Bond Registrar shall appear on the Bonds, <br />and no Bond shall be valid or obligatory for any purpose or be entitled to any <br />security or benefit under this Resolution unless such certificate shall have <br />been duly executed on such Bond. The authorized signature for the Bond <br />Registrar shall be manual. In case any one or more of the officers of the Board <br />who shall have signed or sealed any of the Bonds shall cease to be such officer <br />or officers of the Board before the Bonds so signed and sealed shall have been <br />- 9 - <br />