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E <br />r� <br />• . 1, d <br />bond anticipation notes will be issued in accordance with the provisions of <br />Section 215.431, Fla. Stat. (1985), and other applicable provisions of law. <br />4.06 Severability of Invalid Provisions. If any one or more of the <br />covenants, agreements or provisions of this Instrument or of the Bonds shall be <br />held contrary to any express provision of law or contrary to the policy of <br />express law, though not expressly prohibited, or against public policy, or shall <br />for any reason whatsoever be held invalid, then such covenants, agreements or <br />provisions shall be null and void and shall be deemed separate from the <br />remaining covenants, agreements or provisions of this Instrument and of the <br />Bonds. <br />4.07 Validation Authorized. The Issuer's Attorney is hereby <br />authorized and directed to institute appropriate proceedings in the Circuit <br />Court for Indian River County, Florida, for the validation of the Bonds. <br />4.08 Conflicts Repealed. All resolutions or parts of resolutions in <br />conflict herewith are hereby repealed. <br />4.09 Effective Date. This Instrument shall take effect irmediately <br />upon its passage. <br />