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�4 <br />series thereof for redemption prior to maturity pursuant to any <br />applicable optional redemption provisions, or to impair the <br />discretion of the County in determining whether to exercise any <br />such option for early redemption. <br />SECTION 21. MODIFICATION OF RESOLUTION. No adverse <br />material modification or amendment of this Resolution, or of any <br />resolution amendatory hereof or supplemental hereto, may be made <br />without the consent in writing of the Registered Owners of 51% or <br />more in aggregate principal amount of the Bonds then outstanding <br />affected by such adverse material modification or amendment; <br />provided, however, that no modification or amendment shall permit a <br />change in the maturity of any Bonds or a reduction in the rate of <br />interest thereon or in the amount of the principal obligation <br />thereof, or affect the unconditional promise of the County to <br />levy, impose and/or collect the Surcharges or other charges pledged <br />hereunder, if any, as herein provided, or to pay the principal of <br />and interest on the Bonds as the same shall become due from the <br />Surcharges or other charges pledged hereunder, if any, or reduce <br />the percentage required above for an adverse material modification <br />or amendment, without the consent of the Registered Owners of all <br />of the Bonds affected thereby. The foregoing shall not apply with <br />respect to supplemental resolutions adopted for the sole purpose of <br />issuing Additional Parity Bonds or junior and subordinate <br />obligations issued hereunder in accordance herewith. <br />SECTION 22. SEVERABILITY. If any one or more of the <br />covenants, agreements or provisions of this Resolution should be <br />held contrary to any express provision of law or contrary to the <br />policy of express law, though not expressly prohibited, or against <br />public policy, or shall for any reason whatsoever be held invalid, <br />then such covenants, agreements or provisions shall be null and <br />void and shall be deemed separate from the remaining covenants, <br />agreements and provisions hereof, and shall in no way affect the <br />validity thereof or of the Bonds issued hereunder. <br />SECTION 23. VALIDATION. The attorney for the County is <br />hereby authorized and directed to institute appropriate <br />proceedings in the Circuit Court of the Nineteenth Judicial Circuit <br />of Florida in and for Indian River County, Florida, for the <br />validation of the Bonds. <br />SECTION 24. REPEALER. All resolutions or parts of <br />resolutions in conflict herewith are hereby repealed. <br />SECTION 25. EFFECTIVE DATE. This Resolution shall take <br />effect immediately upon its adoption. <br />The foregoing resolution was offered by Commissioner <br />Eg eg rt who moved for its adoption. The motion was seconded by <br />Commissioner wheeler and, upon being put to a vote, the vote <br />was as follows: <br />24 <br />