Orange County NC Website
5 <br />authorized and directed to take all proper steps to complete the financing in accordance with the <br />terms of this resolution. <br />The Board authorizes and directs the Finance Officer to hold executed copies of all <br />financing documents authorized or permitted by this resolution in escrow on the County's behalf <br />until the conditions for their delivery have been completed to such officer's satisfaction, and <br />thereupon to release the executed copies of such documents for delivery to the appropriate persons <br />or organizations. <br />Without limiting the generality of the foregoing, the Board specifically authorizes the <br />Finance Officer (a) to approve any additional agreements appropriate to carry out the plan of <br />financing contemplated by this resolution, including agreements for the custody or investment of <br />financing proceeds, appointment of additional underwriters and agreements for appropriate <br />professional services, and (b) to approve changes to any documents or closing certifications <br />previously signed by County officers or employees, provided that such changes do not conflict <br />with this resolution or substantially alter the intent from that expressed in the form originally <br />signed. The Finance Officer's authorization of the release of any such document for delivery will <br />constitute conclusive evidence of such officer's approval of any such changes. <br />In addition, the Finance Officer is authorized and directed to take all appropriate steps for <br />the efficient and convenient carrying out of the County's on-going responsibilities with respect to <br />the bonds. This authorization includes, without limitation, contracting with third parties for reports <br />and calculations that may be required under the bonds, this resolution or otherwise with respect to <br />the bonds. <br />6. Miscellaneous Provisions -- All County officers and employees are authorized and <br />directed to take all such further action as they may consider necessary or desirable in furtherance <br />of the purposes of this resolution. All such prior actions of County officers and employees are <br />ratified, approved and confirmed. Upon the absence, unavailability or refusal to act of the County <br />Manager, the Board's Chair or the Finance Officer, any other of such officers may assume any <br />responsibility or carry out any function assigned in this resolution. In addition, upon the <br />unavailability of the Chair or the Clerk, respectively, any of the rights or responsibilities directed <br />to such officers may be carried out or exercised by the Vice Chair or any Deputy or Assistant <br />Clerk. All other Board proceedings, or parts thereof, in conflict with this resolution are repealed, <br />to the extent of the conflict. This resolution takes effect immediately. <br />5 <br />