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Subsequent to the sale of any of the Bonds, the Director of Finance shall report <br /> the results of such sale to the Council by letter. From and after the date the Director of <br /> Finance shall have accepted a bid for a series of Bonds, or shall have entered into a negotiated <br /> contract for the sale and purchase of a series of Bonds, the Council will take no action to <br /> modify, supplement, amend or repeal the provisions of this ordinance in a manner which <br /> would have an adverse effect on the ability of the County to perform its obligations under such <br /> accepted bid or contract. <br /> SECTION 8. Authorization of Bond Anticipation Notes. General obligation bond <br /> anticipation notes are hereby authorized and approved for issuance and sale by the Director of <br /> Finance, without further authorization or approval from or action by the Council, in anticipation <br /> of the issuance and sale of the Bonds authorized herein and the receipt of the proceeds of the sale <br /> thereof, for the purposes for which the Bonds have been authorized herein. The issuance, sale <br /> and details of the Notes, as determined by the Director of Finance, shall be governed by Section <br /> 47-16, Hawaii Revised Statutes, as amended. Bonds in anticipation of which the Notes are <br /> authorized and issued hereunder may be issued and sold in accordance with the provisions of this <br /> Ordinance at any time within five years of the date of issuance of the first Notes issued in <br /> anticipation of such Bonds. <br /> SECTION 9. Security for the Bonds and the Notes. The Bonds and Notes are <br /> authorized to be issued as reimbursable general obligation bonds. The full faith and credit of the <br /> County is hereby pledged to the payment of the principal of and interest on the Bonds and the <br /> Notes, and such principal and interest payments shall be a first charge on the General Fund of the <br /> County. <br /> SECTION 10. CUSIP Identification Numbers. The Director of Finance may <br /> authorize the printing of CUSIP identification numbers upon the Bonds. Such number and the <br /> printing thereof shall be subject in all respects to the provisions of Section 47-10, Hawaii Revised <br /> Statutes, as amended. <br /> SECTION 11. Bond Insurance. The Director of Finance is hereby authorized to <br /> determine and provide for any insurance provisions respecting the Bonds of a series as he shall <br />