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SECTION 12. PLEDGE OF FULL FAITH, CREDIT AND TAXING POWER. For the prompt payment of the principal of and interest on the Bonds, the full faith, credit and taxing power of the County are irrevocably pledged. SECTION 13. SINKING FUND AND LEVY OF AD VALOREM TAX. There is hereby created a Sinking Fund for the purpose of paying the prin- cipal of and interest on the Bonds as they become due. In each year while any of such Bonds are outstanding there shall be levied and collected a tax, without limitation as to rate or amount, on all taxable property within the County, over and above all other taxes authorized or limited by law, sufficient in amount to pay the prin- cipal of and interest on such Bonds as the same shall become due. Such tax shall be assessed, levied and collected in the same manner and at the same time as other County taxes are assessed, levied and collected. SECTION 14. ARBITRAGE. The proceeds of such Bonds will not be used by the County in a manner that would cause such Bonds to be "arbitrage bonds" within the meaning of Section 103(c) of the Internal Revenue Code. SECTION 15. MODIFICATION OR AMENDMENT. No material modifi- cation or amendment to this Resolution or of any resolution amen- datory hereof or supplemental hereto, may be made without the consent in writing of the holders of sixty-seven per centum (678) or more in principal amount of the Bonds then outstanding; provided, however, that no such modification or amendment shall permit a change in the maturity of such Bonds, or a reduction in the rate of interest thereon, or in the amount of the principal obligation or affecting the unconditional promise of the County to pay the principal of and interest on the Bonds as the same shall become due, or reduce such percentage of holders of such Bonds, required above, for such modifi- cations or amendments without the consent of the holders of all such Bonds. IV"°� � i l Innn BOOK UY