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Master Bond Resolution applicable to the Bond Insurer for the <br />Series 1993 Bonds shall be equally applicable to the Bond Insurer <br />for the Series 1996 Bonds. <br />SECTION 7. As previously authorized in the Master Bond <br />Resolution, the Issuer shall fund the Reserve Account in the Debt <br />Service Fund with a debt service reserve fund policy purchased from <br />Financial Guaranty Insurance Company. The Chairman is authorized <br />to execute and the Clerk is authorized to attest a Financial <br />Guaranty Agreement in substantially the form attached to the <br />Commitment for Debt Service Reserve Fund Policy attached as Exhibit <br />B hereto, with such changes, insertions and omissions as may be <br />approved by such officers. <br />SECTION 8. The Chase Manhattan Bank, N.A., New York, New York <br />is hereby appointed Paying Agent and Registrar for the Bonds. <br />SECTION 9. The distribution by the Underwriters of the <br />Preliminary Official Statement, a copy of which is attached hereto <br />as Exhibit "C" is hereby approved, confirmed and ratified, and the <br />Issuer hereby confirms and ratifies the prior determination of the <br />County Administrator that such Preliminary Official Statement was, <br />as of its date, in nearly final form within the contemplation of <br />Rule 15c2-12 of the Securities and Exchange Commission. The <br />distribution of a final Official Statement of the Issuer relating <br />to the issuance of the Bonds is hereby approved, such final <br />Official Statement to be in substantially the form attached as <br />Exhibit "C" hereto, with such additional changes, insertions and <br />omissions as may be made and approved by officers of the Issuer <br />executing the same, such execution to be conclusive evidence of any <br />such approval. The Chairman and the County Administrator are <br />hereby authorized to execute such Official Statement in substan- <br />tially the form attached hereto. The execution of such Official <br />Statement by such officers is hereby approved with such additional <br />changes, insertions and omissions as may be made and approved by <br />such officers. <br />SECTION 10. Section 17(B)(7) of the Master Bond Resolution is <br />hereby amended to read as follows: <br />(7) Seventh, the balance of any moneys remaining <br />may be used by the County for any lawful purpose; <br />provided, however, during any period in which the Reserve <br />Policy is in effect, the County has covenanted to <br />withdraw such balance only as of the end of any fiscal <br />year. <br />SECTION 11. All prior resolutions of the Issuer inconsistent <br />with the provisions of this Resolution are hereby modified, supple- <br />mented and amended to conform with the provisions herein contained <br />and except as so modified, supplemented and amended hereby shall <br />remain in full force and effect. <br />4 <br />