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(d) Designation. The County hereby designates the Bond as a "qualified tax-exempt <br />obligation" for investment by financial institutions under Section 265(b)(3) of the Code. The <br />County does not anticipate that it will issue more than $10,000,000 in qualified tax-exempt <br />obligations during 2020 (excluding obligations permitted by the Code to be excluded for <br />purposes of the County's qualification as a qualified small issuer). <br />Section 9. Bond Fuad; Pledge of Funds and Credit. A special fund of the County to <br />be known as the "Fund # — 2020 GO Bond" (which name of fund may be added to or <br />changed prior to closing, as directed by the Designated Representative), is hereby authorized and <br />directed to be created in the office of the Treasurer. The taxes hereafter levied for the purpose of <br />paying principal of and interest on the Bond and other funds to be used to pay the Bond shall be <br />deposited in the Bond Fund no later than the date such funds are required for the payment of <br />principal of and interest on the Bond. The Bond Fund shall be drawn upon for the sole purpose <br />of paying the principal of and interest on the Bond. Money in the Bond Fund not needed to pay <br />the interest or principal next coming due may temporarily be deposited in such institutions or <br />invested in such obligations as may be lawful for the investment of County funds. <br />The County hereby irrevocably covenants and agrees for as long as the Bond is <br />outstanding and unpaid that each year it will include in its budget and levy an ad valorem tax <br />upon all the property within the County subject to taxation in an amount that will be sufficient, <br />together with all other revenues and money of the County legally available for such purposes, to <br />pay the principal of and interest on the Bond as the same shall become due. All of such taxes so <br />collected and any other money to be used for such purposes shall be paid into the Bond Fund. <br />The County hereby irrevocably pledges that the annual tax provided for herein to be <br />levied for the payment of such principal and interest shall be within and as a part of the tax levy <br />-18- 502686980 v1 <br />