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the County Manager, the Finance Director and the County Attorney of <br /> the County in connection with this matter. <br /> Section 5 . The officers and employees of the County are <br /> authorized and directed (without limitation except as may be <br /> expressly set forth herein) to take such other actions and to <br /> execute and deliver such other documents, certificates, <br /> undertakings, agreements or other instruments as they, with the <br /> advice of counsel, may deem necessary or appropriate to effectuate <br /> the transactions contemplated by the Installment Purchase Contract <br /> and the Deed of Trust. <br /> Section 6 . The County covenants that, to the extent permitted <br /> by the Constitution and laws of the State of North Carolina, it <br /> will comply with the requirements of the Internal Revenue Code of <br /> 1986, as amended (the "Code") , as applicable to the Installment <br /> Purchase Contract except to the extent that the County obtains an <br /> opinion of nationally-recognized bond counsel to the effect that <br /> noncompliance would not result in the interest components of the <br /> Installment Payments being includable in the gross income of the <br /> Lender or its assignees for the purposes of federal income <br /> taxation. <br /> Section 7. The County hereby represents that it reasonably <br /> expects that it and all. subordinate entities thereof will not issue <br /> more than $10,000,000 of tax exempt obligations (not counting <br /> private-activity bonds except for qualified 501(c) (3) bonds as <br /> defined in the Code) during calendar year 1996 . In addition, the <br /> County hereby designates each of the Installment Payments as a <br /> "qualified tax-exempt obligation" for the purposes of the Code. <br />