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issued in the aggregate principal $45,000,000. amount of not exceeding SECTION 7. DESCRIPTION OF SERIES 1996 BONDS. The Series 1996 Bonds shall be issued in fully registered form as current interest bonds; shall be dated; shall be numbered; shall be in the denomina- tion of $5,000 each, or integral multiples thereof, or such other denominations as shall be approved by the County in a subsequent resolution prior to the delivery of the Series 1996 Bonds; shall bear interest at such rate or rates not exceeding the maximum rate allowed by Florida law, the actual rate or rates to be determined by the governing body of the County prior to or upon the sale of the respective Series 1996 Bonds; such interest to be payable semiannually at such times as are fixed by resolution of the County and shall mature annually on such date in such years and amounts as will be fixed by resolution of the County prior to or upon the sale of the Series 1996 Bonds; and may be Serial and/or Term Bonds. Each Series 1996 Bond shall bear interest from the interest payment date next preceding the date on which it is authenticated, unless authenticated on an interest payment date, in which case it shall bear interest from such interest payment date, or, unless authenticated prior to the first interest payment date, in which case it shall bear interest from its dated date; provided, however-, that if at the time of authentication payment of any interest which is due and payable has not been made, such Series 1996 Bond shall bear interest from the date to which interest shall have been paid. The principal of and the interest and redemption premium, if any, on the Series 1996 Bonds shall be payable in any coin or currency of the United States of America which on the respective dates of payment thereof is legal tender for the payment of public and private debts. Notwithstanding any other provisions of this section the County may, at its option, prior to the date of issuance of the Series 1996 Bonds, elect to use an immobilization system or pure book -entry system with respect to issuance of the Series 1996 Bonds, provided adequate records will be kept with respect to the ownership of the Series 1996 Bonds issued in book -entry form or the beneficial ownership of bonds issued in the name of a nominee. As long as any Series 1996 Bonds are outstanding in book -entry form the provisions of this Resolution inconsistent therewith shall not be applicable to such Bonds. The details of any alternative system of issuance, as described in this paragraph, shall be set forth in a resolution of the County duly adopted at or prior to the sale of the Series 1996 Bonds. SECTION S. EXECUTION OF SERIES Bonds shall be executed as provided 1996 BONDS. The Series 1996 in the Original Resolution. In case signature shall any officer whose signature or a facsimile of whose such officer appear on any Series before the delivery of 1996 the Bonds shall cease to be Series signature or such facsimile shall 1996 Bonds, such nevertheless be valid and 35 BOOK Q FEBRUARY 20, 1996