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on the Bonds. Unless other funds are lawfully available and appropriated for timely <br />payment of the Bonds, the Board will levy and collect an annual ad valorem tax, <br />without restriction as to rate or amount, on all locally taxable property in the County <br />sufficient to pay the principal of and interest on the Bonds as the same become due. <br />6. Approval of Official Statement for Offering -There has been made <br />available to each member of the Board a draft of an official statement (the "Official <br />Statement") relating to the Bonds, pursuant to which the Bonds will be offered for <br />sale. The Official Statement remains subject to completion and amendment. <br />The Official Statement is approved as the form of official statement pursuant <br />to which the Bonds will be offered for sale. The actions of the Finance Officer, in <br />collaboration with the LGC, to prepare the text of the Official Statement are ratified, <br />approved and confirmed. The Board approves the LGC's distribution of the Official <br />Statement to prospective purchasers of the Bonds. The Official Statement as so <br />distributed must in substantially the form presented to this meeting, with such <br />changes as the Finance Officer may approve. <br />The Board acknowledges that it is the County's responsibility to ensure that the <br />Official Statement, in its final form, neither contains an untrue statement of a material <br />fact nor omits to state a material fact required to be included therein for the purpose <br />for which such Official Statement is to be used or necessary to make the statements <br />therein, in light of the circumstances under which they were made, not misleading. <br />By the adoption of this resolution, the Board members approve the Official Statement <br />as materially correct and complete, and further acknowledge and accept their own <br />responsibility for causing the County to fulfill these responsibilities for the Official <br />Statement. <br />7. Redemption Provisions -- The Refunding Bonds will not be subject to <br />redemption prior to maturity. <br />The Referendum Bonds will be subject to redemption prior to maturity upon <br />such terms and conditions as the Finance Officer, upon advice from the LGC, may <br />determine. The Finance Officer must execute a certificate prior to the initial delivery <br />of the Referendum Bonds designating redemption terms and conditions, and such <br />certificate will be conclusive evidence of the Finance Officer's approval and <br />determination of such terms and conditions. <br />85902.1 <br />