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•w SEC T IO:N 11 . PLEDGE' OF REVENUE'S AND AD VALOREM TAXES. <br />For the DYOmpt pa}went of the principal of and interest on the <br />Notes, the revenues derived from the operation of the project and, <br />to the extent such revenues are insufficient therefor, the ad <br />valorem taxing power of the County for the fiscal year 1979-80, at <br />an annual rate not to cxceed ten (10) mills on the dollar of <br />assessed value, are irrevocably pledged. <br />SECTION 12. SIN-NING FUND, DEPOSIT tT OF R. VENUES F.I;D LEVY OF <br />AD VALOREM TPJ:. There is hereby created a Sinking Fund to be held <br />and administered by the County sole viOr the DL2r70Sc' Or paying the <br />princiti_1 of and _.wrest On the NUtes as tlrey become due. All of <br />the revenues Gc,'lt'r..d _rGi; the oDnzGtion cf. the project shall be <br />deposited -nto SG:id Sin.,ing :ung. There shall aisc !i -e 1e; -r <br />and <br />collectofd a t.'... C1:: i.:;G :+� .. _ _c! ec._ 11,379-8 <br />0 , at an annu�l rate <br />not to Pyce,cd tr7; ( n) _: s O:i t.*1e 6G__ r O° 255@SSL ra 1 :n, O <br />all PrO-j'E'rty su: - --_ tc,�d;.,`.l .: Cj C.Jc _ sul ,icie.'.t 1Z <br />a,-'%0u7:t to Day <br />otic—r fu%dls hic:: ray be so <br />=6 assessed, <br />leN-lie.. and cr,_lected in the sa-e .-.. - - - . a <br />Other County tzxes are assessedle;:,A end collected. <br />- - <br />h'F- —:) ? Sj,^; �3: <br />2:=ATE <br />P'r:C)CE- S . . r.e .... _ o . ne :votes issued he <br />re:::lde_ a:aa: _ i1av� no <br />rr. aponsibil_ c,: .� use cf the proceeds cf sa.� <br />use <br />of Suq.a No e . rock. the y shall in nD c <br />SY-C1I0:. _.H "......._.. No use will be I ade Of the Proceeds <br />Of the i•7pt.t�°: Whi[:h +:(illi^ caul Lhe sarle to ::r, c_rbitrarp<- bo: a_- <br />1 <br />within the m€.aninc-i of the I;1tF _'n 1 R-vanu . e County Cod,Th, at <br />all ti: -,i _s whi l e t1 e i:ot.es an C' <br />i.n.tE'rect the_-&G:i are Out ;taneing, will <br />comply with the requirements O= Section 103(c) of the Internal <br />Revenue Code and any valid and applicable rules am regulations of <br />the Internal Revenue Service. <br />SECTION 15. MODIFICATION OR ANFND:ENT. No material modifica- <br />tion or amendment- Of this resolution Or oz an-: _?sojutio c- r1GuLU `. <br />