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4 <br />such dates and in such years and amounts as the Finance Officer determines after <br />consultation with the LGC, except that the final maturity for the Bonds must not <br />extend beyond December 31, 2025. <br />'The Finance Officer will execute a certificate prior to the initial delivery of the <br />Bonds designating the principal and interest payment schedule for the Bonds, and <br />such certificate will be conclusive evidence of the Finance Officer's approval and <br />determination of the payment schedule. Principal, premium, if any, and interest will <br />be payable in lawful money of the United States of America. <br />4. Pledge of Faith, Credit and Taxing Power -- The County's full faith and <br />credit are hereby irrevocably pledged for the payment of the principal of and interest <br />on the Bond's. Unless other funds .are lawfully available and appropriated for timely <br />payment of the Bonds, the Board will levy and collect an annual ad valorem tax, <br />without restriction as to rate or amount, on all locally taxable property in the County <br />sufficient to pay the principal of and interest on the Bonds as the same become due. <br />5. Approval of O~eial Statement for Offering -There has been made <br />available to each member of the Board the form of an official statement (the "Official <br />Statement") relating to the Bonds, pursuant to which the Bonds will be offered for <br />sale. The Official Statement remains subject to completion and amendment. <br />The Official Statement is approved as the form of official statement pursuant to <br />which the Bonds will be offered for sale. The actions of the Finance Officer, in <br />collaboration with the LGC, to prepare the text of the Official Statement are ratified, <br />approved and confirmed. The Board approves the LGC's distribution of the Official <br />Statement to prospective purchasers of the Bonds. The Official Statement as so <br />distributed must in substantially the form presented to this meeting, with such changes <br />as the Finance Officer may approve. <br />The Board acknowledges that it is the County's responsibility to ensure that the <br />Official Statement, in its final form, neither contains an untrue statement of a material <br />fact nor omits to state a material fact required to be included therein for the purpose <br />.for which such Official Statement is to be used or necessary to make the statements <br />therein, in light of the circumstances under which they were made, not misleading. By <br />the adoption of this resolution, the Board members approve the Official Statement as <br />materially correct and complete, and further acknowledge and accept their own <br />responsibility far causing the County to fulfill these responsibilities for the Official <br />Statement. <br />6. Redemption Provisions ---Bonds maturing prior to the principal payment <br />date in the year 2012 will not be subject to redemption prior to maturity. Bonds <br />maturing on the principal payment date in the year 2012 and thereafter will be <br />redeemable, at the County's option from any moneys that may be made available for <br />