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<br />includable in the gross income of the owners thereof for purposes of federal income taxation, <br /> <br />except to the extent that the County obtains an opinion of bond counsel to the effect that <br /> <br />noncompliance would not result in interest on the Bonds being includable in the gross income of <br /> <br />the owners of the Bonds for purposes of federal income taxation. <br /> <br />As necessary or appropriate in connection with the issuance of the Bonds, all officers, <br /> <br />employees and agents of the County are authorized and directed to provide certifications of <br /> <br />material facts and estimates as to the reasonable expectations of the County as of the date(s) the <br /> <br />Bonds are delivered and on behalf of the County to sign agreements or acknowledge instructions <br /> <br />regarding compliance with the requirements of the Code and any related regulations and <br /> <br />procedures relating to the Bonds. <br /> <br />Section 12. The actions of the County Manager and the Finance Officer of the County in <br /> <br />applying to the Local Govermnent Commission of North Carolina to advertise and sell the Bonds <br /> <br />are hereby approved, ratified. and confirmed. The Local Govermnent Commission of North <br /> <br />Carolina is hereby requested to ask for sealed bids for the Bonds by publishing notices and <br /> <br />printing and distributing a ,Preliminary Official Statement and an Official Statement, including <br /> <br />any supplement thereto, relating to the sale of the Bonds. The Preliminary Official Statement, <br /> <br />proposed to be dated on or about August 11, 2006, substantially in the form presented at this <br /> <br />meeting, and an Official ~tatement, proposed to be dated on or about August 22, 2006, in <br /> <br />substantially the form of tlie Preliminary Official Statement presented at this meeting, with such <br /> <br />changes as are necessary to reflect the maturities, redemption provisions, interest rates and other <br /> <br />pricing data of the Bonds, is hereby approved and the Chairman or Vice-Chairman of the Board, <br /> <br />the County Manager and the Finance Officer, respectively, of the County are each hereby <br /> <br />authorized to approve chariges in such Preliminary Official Statement or Official Statement, to <br />26 <br /> <br />F-5 <br />