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and sale general obligation bonds of the County (the "Bonds") in the maximum principal amount <br />of $40,000,000, the proceeds derived from the sale of which shall be used to pay all or a part of <br />the costs of appropriations for public improvement projects of the County to be financed from <br />general obligation bond funds made in Ordinance No. 95-75, as amended, Ordinance No. 96-68, <br />as amended, and Ordinance No. 97-82, as amended, for the fiscal years ending June 30, 1996, <br />June 30, 1997, and June 30, 1998, respectively, and to pay all or part of the costs of issuance of <br />the Bonds, including, without limitation, the initial fees of paying agents and registrars, the fees <br />of any financial consultants and bond counsel, underwriter's discount, the cost of preparation of <br />any official statement, notice of sale and definitive bonds, and any cost of publications required <br />by law or as otherwise appropriate. The cost of issuance of the Bonds shall be allocated pro rata <br />to each of the particular improvements financed from the proceeds of the Bonds; and <br />appropriations therefor are hereby made. The proceeds derived from the sale of the Bonds may <br />be used to reimburse the General Fund for funds theretofore borrowed pursuant to resolutions of <br />the County Council to pay costs of certain appropriations made in Ordinance No. 95-75, as <br />amended, Ordinance No. 96-68, as amended, and Ordinance No. 97-82, as amended, to be <br />financed from general obligation bond funds. <br />SECTION 3. Details of Bonds. The Bonds authorized for issuance and sale in <br />Section 2 hereof shall be issued and sold in their entirety at one time as a separate series of <br />general obligation bonds of the County, or as a part of a series of other general obligation bonds <br />of the County, or from time to time in series, all as shall be determined by the Director of <br />Finance to be in the best interest of the County. The Bonds shall be issued in fully registered <br />form without coupons in the denomination of $5,000 or any integral multiple of $5,000, or in <br />-2- <br />191912.1 0:9170 ORD <br />