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Of any and all of such Bonds, all of which shall be of equal rank and without preference, priority or distinction of any of the i Bonds over any other thereof, except as expressly provided therein and herein. SECTION S. AUTHORIZATION OF CONSTRUCTION AND ACQUISITION OF PROJECT AND REFUNDING OF REFUNDED BONDS. There is hereby authorized the acquisition and construction of the Project in accordance with plans and specifications presently on file or to be on file with the County. There is also hereby authorized the refunding of the Refunded Bonds, in the manner hereinafter pro- vided. SECTION 6. AUTHORIZATION OF BONDS. Subject and pursuant to the provisions of this Resolution, obligations of the County to be known as "Capital Improvement Revenue Bonds, Series 1983" are hereby authorized to be issued in the aggregate principal amount of not exceeding Five Million Seven Hundred Thousand Dollars ($5,700,000). SECTION 7. DESCRIPTION OF BONDS. The Bonds may be issued in one or more installments; each installment shall be dated as of a date to be fixed by resolution of the County, but not later than the date of issuance and, if more than one installment, shall have a letter suffix after the Series designation; each installment may be numbered consecutively from one upward; shall be in the denomination of $5,000 each or integral multiples thereof; shall bear interest at not exceeding the maximum rate authorized by applicable law, payable semiannually, and shall mature on such dates and in such years and in such amounts, all as are fixed by subsequent resolution of the County adopted at or prior to the sale of the Bonds. The Bonds shall be issued in fully registered form without coupons; shall be issued as Serial Bonds or Term Bonds or a com- bination of both; shall be payable with respect to both principal and interest at such bank or banks to be determined by the County prior to the delivery of the Bonds; shall be payable in lawful -7-