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i <br /> <br /> <br />1 <br />consents to service of process) as the Underwriters may request and as the Chairman of <br />Board of Commissioners, the County Manager or the Director of Finance shall determine. <br />Section 8. The County covenants that, to the extent permitted by the Constitution a-~u <br />' laws of the State of North Carolina, it will do and perform all acts and things to comply with the <br />requirements of the Internal Revenue Code of 1986, as amended (the "Code"), in order to assure <br />' that interest paid with respect to the 2009 Certificates will not be includable in the gross income <br />' of the owners thereof for purposes of federal income taxation, except to the extent that the <br />County obtains an opinion of bond counsel to the effect that noncompliance would not result to <br />' interest with respect to the 2009 Certificates being includable in the gross income of the owners <br />of the 2009 Certificates for purposes of federal income taxation. <br />' Section 9. This Resolution shall become effective immediately upon its adoption. <br />' Thereupon, upon motion of Commissioner seconded by <br />Commissioner the foregoing resolution entitled "RESOLUTION <br />' APPROVING INSTALLMENT CONTRACT FINANCING FOR VARIOUS PUBLIC <br />SCHOOL PROJECTS IN AN AGGREGATE PRINCIPAL AMOUNT UP TO $117,000,000 <br />AND THE EXECUTION AND DELIVERY BY THE CABARRUS COUNTY <br />DEVELOPMENT CORPORATION OF CERTIFICATES OF PARTICIPATION RELATED <br />THERETO, AUTHORIZING THE EXECUTION AND DELIVERY OF RELATED <br />DOCUMENTS 1N CONNECTION THEREWITH, AND PROVIDING FOR CERTAIN <br />OTHER RELATED MATTERS" was adopted and passed by the following vote: <br />AYES: <br />NOES: <br />* * * * * * * * * * <br />7 <br />G-5 <br />Attachmentnumber1 <br />Page 272 of 320 <br />