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5 <br />5. Designation as a QSCB -The County designates the Obligations as a <br />"qualified school construction bond" for the purposes of, and within the meaning of, Code <br />Section 54F. The County and BB&T intend that the financing will qualify as a QSCB. <br />6. Miscellaneous Provisions -- All County officers and employees are <br />authorized and directed to take all such further action as they may consider necessary or <br />desirable in furtherance of the purposes of this resolution. All such prior actions of <br />County officers and employees are ratified, approved and confirmed. Upon the absence, <br />unavailability or refusal to act of the County Manager, the Board's Chair or the Finance <br />Officer, any other of such officers may assume any responsibility or carry out any <br />function assigned in this resolution. All other Board proceedings, or parts thereof, in <br />conflict with this resolution are repealed, to the extent of the conflict. This resolution <br />takes effect immediately. <br />~ ~ ~ * ~ ~ <br />I certify that the foregoing resolution was duly adopted at a meeting of the Board <br />of Commissioners of Orange County, North Carolina, duly called and held on November <br />17, 2009, and that a quorum was present and acting throughout such meeting. Such <br />resolution remains in full effect as of today. <br />Dated this day of November, 2009. <br />[SEAL] <br />Donna S. Baker <br />Clerk, Board of Commissioners <br />Orange County, North Carolina <br />