Laserfiche WebLink
contrary to the policy of express law, though not expressly prohi- <br />40 <br />bited, or against public policy, or shall for any reason whatsoever <br />be held invalid, then such covenants, agreements or provi3ions <br />40 shall be null and void and shall be deemed separable from the re- <br />maining covenants, agreements or provisions and shall in no way <br />affect the validity of any of the other provisions hereof or of the <br />Bonds issued hereunder. <br />66 SECTION 21. PUBLICATION OF NOTICE OF REFUNDING. Within <br />thirty (30) days after the delivery of the first installment of the <br />Bonds, the Issuer shall cause to be published one time in a <br />newspaper or journal of general circulation in the City and State <br />of New York, a notice of the advance refunding of the Refunded <br />Bonds. <br />S13CTION 22. VALIDATION AUTHORIZED. In the event the <br />Chairman shall determine, with the advice of the County Attorney <br />and Bond Counsel, that the Bonds shall be validated, then the <br />County Attorney is authorized to institute appropriate proceedings <br />for the validation of the Bonds and the proper officers of the <br />Issuer are authorized to verify on behalf of the Issuer any <br />pleadings in such proceedings. <br />SECTION 23. USE OF FUNDS SET ASIDE FOR REFUNDED BONDS. <br />The moneys and investments in the funds and accounts established <br />in the proceedings authorizing the issuance of the Refunded Bonds <br />shall be transferred to one or more of the corresponding funds and <br />accounts established in this Resolution or, at the option of the <br />Issuer, shall be deposited in escrow for payment of the Refunded <br />Bonds pursuant to the Escrow Deposit Agreement described in Section <br />15 hereof. The distribution of such moneys and investments among <br />the various accounts, funds and Escrow Deposit Agreement shall be <br />made as determined by the Issuer prior to the delivery of any of <br />the Bonds. <br />SECTION 24. DEFEASANCE. If, at any time, the Issuer shall <br />have paid, or shall have made provision for payment of, the prin- <br />cipal, interest and redemption premiums, if any, with respect to <br />-40- <br />