Laserfiche WebLink
additional investment of money and balances on hand hereunder is not in <br />violation of Section 103(b)(2) and Section 148 of the Internal Revenue <br />Code of 1986, as amended. Investment of such funds shall be only in <br />direct obligations of the United States of America which shall mature on <br />or prior to the date when such funds are required to be applied for the <br />purposes required hereunder. Any earnings realized from such investments <br />or deposits or any other funds on hand from time to time that are not <br />required for application hereunder or purposes hereof shall be paid over <br />to the County or its assignee, or shall be applied as directed by the <br />County. <br />11. This Agreement shall be binding upon the County and the <br />Bank and their respective successors in interest, from time to time. <br />12. This Agreement, in general, and each part of this <br />Agreement, in particular, immediately upon execution and delivery hereof <br />and at all times thereafter, shall be and shall be construed to be <br />irrevocable. No amendments or modifications of this Agreement shall be <br />made without the written consent of Financial Guaranty Insurance Company <br />of New York, New York, or its successor. <br />13. Money, if any, that may be in possession of the Bank on or <br />after September 1, 1994, pursuant to provisions hereof, and that shall not <br />be required to meet obligations of the County hereunder, promptly shall be <br />returned to the County or shall be disbursed by the Bank as shall be <br />directed, in writing, by the County. <br />14. The County and the Bank intend to be bound legally hereby. <br />- 6 - <br />