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G. DEFEASANCE. If, at any time, the Issuer shall have paid, or shall have made provision for payment of, the principal and interest with respect to the Notes, then, and in that event, the pledge of and lien on the proceeds of the sale of the Bonds or any bond anticipation notes issued to extend or renew the indebtedness evidenced by the Notes, and the Pledged Funds, in favor of the holders of the Notes shall be no longer in effect. For purposes of the preceding sentence, deposit of sufficient cash and/or principal and interest on direct obligations r` the United States of America or obligations the principal of and interest on which are fully guaranteed by the United States of America, none of which permit redemption prior to maturity at the option of the obligor (the "Federal Securities"), or bank cer- tificates of deposit full secured as to principal and interest by Federal Securities (or deposit of any other securities or invest- ments which may be authorized by law from time to time and suf- ficient under such law to effect such a defeasance) in irrevocable trust with a banking institution or trust company, for the sole benefit of the Noteholders, to make timely payment of the principal of and interest on the outstanding Notes, shall be considered "provision for payment." H. REMEDIES. Any holder or holders of the Notes may either at law or in equity, by suit, action, mandamus or other proceedings in any court of competent jurisdiction, protect and enforce any and all rights, including the right to the appoint- ment of a receiver, existing under the laws of the State of Florida or granted and contained in this resolution, and may enforce and compel the performance of all duties required by this resolution or by any applicable state or federal statute to be performed by the Issuer or by any officer thereof. SECTION 13. SUPPLEMENTAL INSTRUMENTS. The Issuer shall, as necessary, from time to time and at any time, adopt such reso- lutions and/or ordinances as shall not be inconsistent with the terms and conditions of this resolution: A. To cure any ambiguity, defect, or omission herein; and/or B. To secure, extend or renew to the holders of the Notes the pledges made herein for the payment of the Notes and the interest to accrue thereon. SECTION 14. SALE OF NOTES. The Notes are hereby sold and awarded to Arch W. Roberts 6 Co. and The Leedy Corporation, at the price of $2.701,875.00 and accrued interest, and pursuant to the terms and provisions of the Notes Purchase Agreement bet- ween such purchasers and the Issuer dated December 23, 1982. -11-