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8 <br /> 13. 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 the Bonds to be "arbitrage <br /> bonds," within the meaning of Section 148 of the "Code" (as defined below), or <br /> "private activity bonds" within the meaning of Code Section 141, or otherwise cause <br /> interest on the Bonds 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 <br /> United States any part of the earnings derived from the investment of the proceeds <br /> of the Bonds, and the County will pay any such required rebate from its general <br /> funds. For this paragraph, "Code" means the United States Internal Revenue Code of <br /> 1986, as amended, including applicable Treasury regulations. <br /> 14. 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 that officer deems appropriate to put into place and carry out the <br /> book-entry system with DTC. <br /> 15. 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 that maximum useful life. <br /> 6 <br />