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� � r ORDINANCE NO. 95-16 of the County by the Clerk or a bank or trust company which may be acting as registrar of the Obligations, whichever is applicable; provided, that such Obligations shall bear at least one signature which is manually executed thereon; and shall have the .seal of the Board affixed, imprinted, reproduced or lithographed thereon; all as shall be prescribed in the resolution or resolutions authorizing the issuance of the Obligations. The Obligations may be sold at public or private sale at such price or prices as the Board shall determine. In connection with or as a result of the issuance of the Obligations or any other outstanding indebtedness of the County, the County may issue or cause to be issued and/or delivered, derivative products including, but not limited to, detachable call options, interest rate swaps and forward refunding options. SECTION 6. REFUNDING OBLIGATIONS The. County may issue Obligations to refund any Obligations issued under the authority of this ordinance and provide for the rights of the owners thereof. Such refunding Obligations may be issued in an amount sufficient (a) to pay any expenses of the issuance and sale of such refunding Obligations and (b) together with the income from the investment of a portion of the proceeds of sale of such refunding Obligations, to pay (i) the principal of the outstanding Obligations, (ii) the interest due and payable on the outstanding Obligations, and (iii) the redemption premium, if applicable, on the outstanding obligations. SECTION 7. SECURITY The prificipal of, redemption premium, if any, and interest on the Obligations issued under the authority of this ordinance may be payable from and/or secured by (a) a lien upon and pledge of any funds of the County legally available for such purpose; or (b) a covenant to (i) budget and appropriate or (ii) 13 July 18, 1995 Boa 95 FnE 71