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4. Resolutions as to Tax Matters -- The County will not take or omit to <br /> take any action the taking or omission of which will cause its obligations to pay <br /> principal and interest (the "Obligations") to be "arbitrage bonds," within the meaning <br /> of Section 148 of the "Code" (as defined below), or "private activity bonds" within the <br /> meaning of Code Section 141, or otherwise cause interest components of the <br /> installment payments to be includable in gross income for federal income tax <br /> purposes. Without limiting the generality of the foregoing, the County will comply <br /> with any Code provision that may require the County at any time to pay to the United <br /> States any part of the earnings derived from the investment of the financing <br /> proceeds. In this resolution, "Code" means the United States Internal Revenue Code <br /> of 1986, as amended,and includes applicable Treasury regulations. <br /> S. Miscellaneous Provisions -- The Board authorizes all County officers <br /> and employees to take all further action as they may consider desirable in <br /> furtherance of the purposes of this resolution. The Board ratifies all prior actions of <br /> County officers and employees to this end. Upon the absence, unavailability or <br /> refusal to act of the County Manager, the Chair or the Finance Officer, any other of <br /> those officers may assume any responsibility or carry out any function assigned in <br /> this resolution. The Board authorizes the Clerk to apply the County's seal, and to <br /> attest to the seal, on any document related to the purposes of this resolution. In <br /> addition, the Vice Chair or any Deputy or Assistant Clerk to the Board may in any <br /> event assume any responsibility or carry out any function assigned to the Chair or <br /> the Clerk, respectively, in this resolution. All other Board proceedings, or parts <br /> thereof, in conflict with this resolution are repealed, to the extent of the conflict. <br /> This resolution takes effect immediately. <br />