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other expenses occasioned by escrow arrangements or provision for redemption, shall be considered "provision for payment." Nothing herein shall be deemed to require the Issuer to call any of the outstanding Bonds for redemption prior to mE;urity pursuant to any applicable optional redemption provisions, or to impair the discretion of the Issuer in determining whether to exercise any such option for early redemption, except that if any of the Bonds shall be held by the Government, the Bonds so held by the Government shall be called for redemption as a whole within a period not exceeding 6 months from the date of such deposit unless the Government shall agree otherwise in writing. Notwith- standing the above, any Bonds held by the Government shall be defe.ased only with the prior written approval of the Government. 4.05 Severability of Invalid Provisions. If any one or more of the covenants, agreements or provisions of this Instrument or of the Bonds should be held contrary to any express provision of law or contrary to the policy of express law, though not expressly prohibited, or against public policy, or shall for any reason whatsoever be held invalid, then such covenants, agreements or provisions shall be null and void and shall he deemed separate from the remaining covenants, agreements or pro- visions of this Instrument and of the Bonds. 4.06 Validation Authorized. The Issuer's Attorney is hereby authorized nd directed to institute appropriate pro- ceedings in the Circuit Court for Indian River County, Florida, for the validation of the Bonds. 4.07 Conflicts_ Repealed. All resolutions or parts of resolutions in conflict herewith are hereby repealed. 4.08 Effective Date. This Instrument shall take effect inmediate.ly upon its passage. The foregoing resolution was offered by Commissioner. Lyons who moved its adoption. The motion was seconded by Commissioner Bird and, upon being put to a vote, the vote was as follows: Chairman Don C. Scurlock, Jr. Aye Vice -Chairman A. Grover Fletcher Nay Commissioner Patrick B. Lyons Aye Commissioner William C. Wodtke, Jr. Aye Commissioner Dick Bird Aye The Chairman thereupon passed and Adopted t is 7th Attest: FREDA= WRiGHT, Cle APPROVED I't) ORM ANDl LEGAL S ICI CY By_ -74- Y BRANDENBURG unty Attornev declared the resolution (It -illy day of July , 1982. BOARD OF COUNTY COMMISSIONERS OF' INDIAN RIVER COUNTY, FLORIDA ��. / i / By__ � DON C. SCURI,OCK, JR.- Chairman