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this Instrument for the benefit of the Bonds. <br />4.03 Severability of Invalid Provisions. If any one or <br />more of the covenants, agreements or provisions of this Instrument <br />or of the Bonds should be held contrary to any express provision of <br />law or contrary to the policy of express law, though not expressly <br />prohibited, or against public policy, or shall for any reason what- <br />soever be held invalid, then such covenants, agreements or provi- <br />sions shall be null and void and shall be deemed separate from the <br />remaining covenants, agreements or provisions of this Instrument <br />and of the Bonds. <br />4.04 Validation Authorized. The Issuer's Attorney is <br />hereby authorized and directed to institute appropriate proceedings <br />in the Circuit Court for Indian River County, Florida, for the <br />validation of. the Bonds and the proper officers of the Issuer are <br />hereby authorized to verify on behalf of the Issuer any pleadings <br />in such proceedings. <br />4.05 Sale of Bonds, The Bonds are hereby sold and <br />awarded to the Government at the price of par. <br />4.06 Conflicts Repealed. All resolutions or parts of <br />resolutions in conflict herewith are hereby repealed. <br />4.07 Effective Date. This Instrument shall take effect <br />immediately upon its passage. <br />This Resolution shall take effect January 4, 1979. <br />_19- <br />