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40 <br />• <br />• <br />• - <br />M ; , . <br />provided, however, that no modification or amendment shall permit a change in the <br />maturity of any Bonds or a reduction in the rate of interest thereon or in the <br />amount of the principal obligation thereof, or affect the unconditional promise <br />of the County to levy and collect taxes or to pay the principal of and interest <br />on the Bonds as the same shall become due or reduce the percentage required above <br />for an adverse material modification or amendment, without the consent of the <br />Registered Owners of all of the Bonds affected thereby. <br />SECTION 20, SEVERABILITY. If any one or more of the covenants, <br />agreements or provisions of this Resolution should be held contrary to any <br />express provision of law or contrary to the policy of express law, though not <br />expressly prohibited, or against public policy, or shall for any reason <br />whatsoever be hold invalid, then such covenants, agreements or provisions shall <br />be null and void and shall be deemed separate from the remaining covenants, <br />agreements and provisions hereof, and shall in no way affect the validity thereof <br />or of the Bonds issued hereunder. <br />SECTION 21. VALIDATION. The validation of the Bonds in the Circuit <br />Court of the Nineteenth Judicial Circuit of Florida in and for Indian River <br />County, Florida, is approved, ratified and confirmed. <br />SECTION 22, REPEALER. All resolutions or parts of resolutions in <br />conflict herewith are hereby repealed. <br />SECTION 23. EFFECTIVE DATE. This Resolution shall take effect <br />immediately upon '.ts adoption. <br />16 <br />