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Notes for redemption prior to maturity pursuant to any applicable <br />optional redemption provisions, or to impair the discretion of the <br />Issuer in determining whether to exercise any such option for <br />early redemption, except that if any of the Bonds shall be held by <br />the Government, the Bonds so held by the Governme,Lt shall. be <br />called for redemption as a whole within a period not exceeding 6 <br />months from the date of such deposit unless the Government shall <br />agree otherwise in writing. Notwithstanding the above, any Bonds <br />held by the Government shall be defeased only with the prior writ- <br />ten approval of the Government. <br />4.05 Severability of Invalid Provisions. If any one or <br />more of the covenants, agreements or provisions of this instrument <br />or of the Bonds or Notes should be held contrary to any express <br />provision of law or contrary to the policy of express law, though <br />not expressly prohibited, or against public policy, or shall for <br />any reason whatsoever be held invalid, then such covenants, <br />agreements or provisions shall be null and void and shall be <br />deemed separate from the remaining covenants, agreements or pro- <br />visions of this Instrument and of the Bonds and the Notes. <br />4.06 Conflicts Repealed. All resolutions or parts of <br />resolutions in conflict herewith are hereby repealed. <br />4.07 <br />Effective Date. This Instrument shall take effect <br />4 --mediately upon its passage: <br />The foregoing resolution was offered <br />Lyons who moved its adoption. The <br />seconded by Commissioner Bird and, upon <br />vote, the vote was as follows: <br />Chairman Don C. Scurlock, Jr. <br />Vice -Chairman A. Grover Fletcher <br />Commissioner Patrick B. Lyons <br />Commissioner William C. Wodtke, Jr. <br />Commissioner Dick Bird <br />by Commissioner <br />motion was <br />being put to a <br />Aye <br />Nay <br />Aye <br />Aye <br />Aye <br />The Chairman thereupon declared the resolution duly <br />passed and adopted this 7th day of duly , 1982. <br />Attest:y� <br />FREDA WRIGHT, Cle <br />BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA <br />By <br />.4dAwz <br />DON C. SCURLOCK, JR. <br />Chairman 7 <br />APPROVED AS TO FORM AND LEGAL <br />SUFFICANCY , /% /'/ <br />-21 f4. BRANDEN URG,Cou y Atto <br />