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• authorized by this Resolution, and such other expenses as may be necessary or incidental to the financing authorized by this Resolution, and the 1987 Project; F. The principal of, interest and premium, if any, on the Bonds and all required sinking fund, reserve and other payments are payable solely from the Pledged Funds to be received by the Issuer. The Issuer shall never be required to levy any ad valorem taxes on any property to pay the principal of, interest and premium, if any, on the Bonds or to make any of the required sinking fund, reserve or other payments, and the Bondi shall not constitute a lien upon any property owned by or situated within the County; and G. The estimated Sales Tax and the anticipated investment income to be received by the Issuer will be sufficient to pay all principal of, interest and premium, if any, on the Bonds previously issued and the Series 1987 Bonds to be issued hereunder, as the same become due, and to make all required reserve or other payments required hereby or by the Master Bond Resolution. SECTION 4. Resolution to Constitute Contract. In consideration of the acceptance of the Series 1987 Bonds authorized to be issued hereunder by those who shall hold the same, from time to time, this Resolution shall be deemed to he and shall constitute a contract between the Issuer and such holders and, so long as any of the Series 1987 Bonds are insured by a Municipal Bond Insurer or held by it as subrogee of such holders following payment on a municipal bond insurance policy, such Municipal Bond Insurer, if any. The covenants and agreements herein and in the Master Bond Resolution to be performed by the Issuer shall be for the equal benefit, protection and security of the legal holders of any and all Bonds, including the Series 1987 Bonds, all of which shall be of equal rank and without preference, priority or distinction, except as may be expressly provided for herein or in the Master Bond Resolution. - 4 -