Laserfiche WebLink
-13- 502686980 v1 <br />Authentication shall be conclusive evidence that the Bond as authenticated has been duly <br />executed, authenticated and delivered hereunder and is entitled to the benefits of this resolution. <br /> In case either of the officers who shall have executed the Bond shall cease to be an <br />officer or officers of the County before the Bond so signed shall have been authenticated or <br />delivered by the Bond Registrar, or issued by the County, such Bond may nevertheless be <br />authenticated, delivered and issued and upon such authentication, delivery and issuance, shall be <br />as binding upon the County as though those who signed the same had continued to be such <br />officers of the County. The Bond may also be signed and attested on behalf of the County by <br />such persons who at the date of the actual execution of such Bond, are the proper officers of the <br />County, although at the original date of such Bond any such person shall not have been such <br />officer of the County. <br /> Section 7. Refunding Plan and Procedures. <br /> (a) Designation of Refunded Bonds. As outlined in the recitals of this resolution, the <br />2010 Bonds may be called for redemption prior to their scheduled maturities. All or some of the <br />2010 Bonds may be refunded with the proceeds of the Bond authorized by this resolution. The <br />County Representative may select some or all of the 2010 Bonds and designate those 2010 <br />Bonds as the “Refunded Bonds”, if and to the extent that the net present value aggregate savings <br />with respect to the Bond to be realized as a result of the refunding after payment of all allocable <br />costs of issuance is at least equal to the Savings Target. <br />(b) Refunding Plan. A portion of the proceeds of sale of the Bond, together with <br />other funds, if any, provided by the County shall be used on the date of delivery of the Bond to <br />the Bank or may be delivered to the Escrow Agent for the purpose of defeasing the Refunded <br />Bonds and paying related costs of issuance. If money is delivered to an Escrow Agent, those