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Without limiting the generality of the foregoing, the Board specifically authorizes the <br />Finance Officer to approve changes to any Documents, agreements or certifications <br />previously signed by County officers or employees, provided that such changes do not <br />conflict with this resolution or substantially alter the intent from that expressed in the form <br />originally signed. The Finance Officer's authorization of the release of any such document for <br />delivery will constitute conclusive evidence of such officer's approval of any such changes. <br />4. Resolutions As To. Tax Matters -- The County will not take or omit to take any <br />action the taking or omission of which will cause its obligations to pay principal and interest <br />under the Sales Contract (the "Obligations") to be "arbitrage bonds," within the meaning of <br />Section 148 of the "Code" (as defined below), or "private activity bonds" within the meaning <br />of Code Section 141, or otherwise cause interest components of the installment payments to <br />be includable in gross income for federal income tax purposes. Without limiting the generality. <br />of the foregoing, the County will comply with any Code provision that may require the <br />County at any time to pay to the United States any part of the earnings derived from the <br />investment of the financing proceeds. In this resolution, "Code" means the United States <br />Internal Revenue Code of 1986, as amended, and includes applicable Treasury regulations. <br />6. Miscellaneous Provisions -- All County officers and employees are authorized <br />and directed to take all such further action as they may consider necessary or desirable in <br />furtherance of the purposes of this resolution. All such prior actions of County officers and <br />employees are ratified, approved and confirmed. Upon the absence, unavailability or refusal <br />to act of the County Manager, the Board's Chair or the Finance Officer, any other of such <br />officers may assume any responsibility or carry out any function assigned in this resolution. <br />All other Board proceedings, or parts thereof, in conflict with this resolution are repealed, to <br />the extent of the conflict. This resolution takes effect immediately. <br />~ * * ~ ~ ~ ~ <br />I certify that the foregoing resolution was duly adopted at a meeting of the <br />Board of Commissioners of Orange County, North Carolina, duly called and held on January <br />24, 2006, 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 January, 2006. <br />Donna S. Baker <br />Clerk, Board of Commissioners <br />Orange County, North Carolina <br />