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9 <br /> income for federal income tax purposes. Without limiting the generality of the <br /> foregoing, the County will comply with any Code provision that may require the <br /> County at any time to pay to the United States any part of the earnings derived from <br /> the investment of the proceeds of the 2017A and the 2017B Bonds, and the County <br /> will pay any required rebate from its general funds. For this paragraph, "Code" <br /> means the United States Internal Revenue Code of 1986, as amended, including <br /> applicable Treasury regulations. <br /> 15. Book-Entry System for Bond Registration --The County will issue the <br /> Bonds by means of a book-entry system, with one bond certificate for each maturity <br /> immobilized at The Depository Trust Company, New York, New York ("DTC"), and <br /> not available for distribution to the public. The book-entry system for registration <br /> will operate as described in the Official Statement. Therefore, so long as the book- <br /> entry system of registration with DTC is in effect, (a) the County will make Bond <br /> payments only to DTC or its nominee as registered owner of the Bonds, (b) the <br /> County will not be responsible or liable for any transfer of payments to parties other <br /> than DTC or for maintaining, supervising or reviewing the records maintained by <br /> DTC or any other person related to the Bonds, and (c) the County will not send <br /> redemption notices (or any other notices related to the Bonds) to anyone other than <br /> DTC or its nominee. The Board, by resolution, may elect to discontinue the County's <br /> book-entry system with DTC. The Board authorizes the Finance Officer to enter into <br /> any agreements such officer deems appropriate to put into place and carry out the <br /> book-entry system with DTC. <br /> 16. Finding as to Useful Life and Term of the Bonds - The Board finds <br /> and determines that the average weighted maximum useful life of the projects to be <br /> financed with the proceeds of the Bonds is at least twenty-five years, subject to <br /> ordinary maintenance for projects of this type, and therefore the term of the Bonds <br /> will be within such maximum useful life. <br /> 17. Miscellaneous Provisions - The Board authorizes all County officers <br /> and employees to take all such further action as they may consider desirable in <br /> carrying out the purposes of this resolution. The Board ratifies all prior actions of <br /> County officers and employees in this regard. Upon the absence, unavailability or <br /> refusal to act of the Chair, the County Manager or the Finance Officer, any of such <br />