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5 <br />(d) As confirmed to the Board at this meeting by the County's <br />Finance Officer, (i) the County's debt management procedures and policies are <br />sound and in compliance with law, and (ii) the County is not in default under any <br />of its debt service obligations. <br />(e) The County Attorney is of the opinion that the proposed <br />projects are authorized by law and are purposes for which public funds of the <br />County maybe expended pursuant to the Constitution and laws of North Carolina. <br />4. The Board approves the selection of Banc of America Securities LLP <br />and Siebert Bradford Shank to provide investment banking and underwriting <br />services to the County in connection with this transaction. <br />5. All County officers and employees are authorized and directed to take <br />all such further action as they may consider necessary or desirable in connection <br />with the furtherance of the purposes of this resolution. All such prior actions of <br />County officers and employees are ratified, approved and confirmed. All other <br />resolutions, or parts thereof, in conflict with this resolution are repealed, to the <br />extent of the conflict. Phis resolution takes effect immediately. <br />94775v1 <br />