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with respect to any tax-exempt interest component of the <br /> Installment Payments does not exceed 5.54 per annum and with <br /> respect to any taxable interest component of the Installment <br /> Payments does not exceed 7.801a per annum and the aggregate amount <br /> of the principal components of the Installment. Payments does not <br /> exceed $1,200, 000. <br /> Section 4. The Hoard of Commissioners hereby approves, <br /> ratifies and confirms the actions of the County Manager, the <br /> Finance Director and the County Attorney of the County in <br /> connection with thin matter. <br /> Section S. 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 forth 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 which are tax-exempt being includable in the <br /> 358 f fA.l 7 <br />