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of the Chairman of the Board of Commissioners or the County <br />Manager is hereby authorized to execute and deliver in the name <br />and on behalf of the County the final Official Statement in <br />substantially such form, with such changes, insertions and <br />omissions, including but not limited to changes, insertions or <br />omissions related to obtaining a policy of municipal bond <br />insurance with respect to the Bonds, as the person executing the <br />final Official Statement may approve, the execution and delivery <br />thereof to constitute conclusive evidence of such approval. <br /> <br /> Section 7. Each of the Chairman of the Board of <br />Commissioners, the County Manager and the Director of Finance are <br />authorized to approve all details of the financing of the <br />Project, including, without limitation, the amount advanced under <br />the Contract and the aggregate principal amount of the Bonds <br />(which shall not exceed $30,000,000), the maturities, the <br />principal amounts and the interest amounts of the Installment <br />Payments and the Bonds, which interest amounts (calculated with <br />respect to the Bonds) shall not exceed 7.0% per annum on a true <br />interest cost basis, the prepayment terms and prices (which shall <br />not exceed 103% of the principal amount being prepaid) and the <br />Underwriters' discount (exclusive of any original issue discount) <br />(which shall not exceed 2.0% of the principal amount of the <br />Bonds). Execution of the Contract by the Chairman of the Board <br />of Commissioners or the County Manager shall conclusively <br />evidence such approval of all such details of said financing. <br /> <br />7 <br /> <br /> <br />