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plans, specifications and surveys; interest during construction; reasonable reserves for debt service on the Bonds; municipal bond insurance premiums; repayment of interim financing with respect to the Project; and administrative expenses related solely to the acquisition and construction of the Project. "Instrument" shall mean this resolution and all resolu- tions amendatory hereof which may be hereafter duly adopted by the Issuer. "Issuer" shall mean Indian River County, Florida. ^,iID:�_iial Resolution" shall mean Resolution No. 82- 61 of the Board entitled: "RESOLUTION COMBINING ALL WATER AND/OR SEWER SYSTEMS OF INDIAN RIVER COUNTY, FLORIDA, INTO ONE INTEGRATED SYSTEM; PLEDGING THE GROSS REVENUES OF SUCH COMBINED SYSTEM TO SECURE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON ALL WATER AND/OR SEWER REVENUE OBLIGATIONS OF THE COUNTY; REVISING CERTAIN COVENANTS IN THE RESOLUTIONS AUTHORIZING THE ISSUANCE OF ALL OUTSTANDING WATER AND/ OR SEWER REVENUE OBLIGATIONS OF THE COUNTY; AND PROVIDING FOR THE RIGHTS OF THE HOLDERS OF SUCH OBLIGATIONS." "Parity Obligations" shall mean the outstanding Water and Sewer Revenue Bonds, Series 1979, dated August 30, 1979, and Water and Sewer Revenue Bonds, Second Series 1979, dated May 21, 1981, of the Issuer; and Water Revenue Bonds, Series 1980 (South County Water System), authorized but unissued, of the Issuer. "Pledged Funds" shall mean the Gross Revenues. "Prior Lien Obligations" shall mean the outstanding Water Revenue Bonds, Series 1980 (South County Water System), Anticipation Notes, dated May 1, 1981, of the Issuer. "Project" shall mean the additions, extensions and improvements to the System to be acqui_red and constructed pur- suant to the authorization contained in this Instrument in accor- dance with certain plans and specifications now on file with the Clerk. 1.02 Authority for this Instrument. This Instrument is adopted pursuant to the provisions of Ch. 159, Fla. Stat. (1981), -2-