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Bonds authorized herein and the receipt of the proceeds of the sale thereof, for the purposes for which the <br /> Bonds have been authorized herein. The issuance, sale and details of the Notes,as determined by the Director <br /> of Finance, shall be governed by Section 47-16, Hawaii Revised Statutes,as amended. Bonds in anticipation <br /> of which the Notes are authorized and issued hereunder may be issued and sold in accordance with the <br /> provisions of this 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 full faith and credit of the County is <br /> hereby pledged to the payment of the principal of and interest on the Bonds and the Notes,and such principal <br /> and interest payments shall be a first charge on the General Fund of the County. <br /> SECTION 10. CUSIP Identification Numbers. The Director of Finance may authorize the <br /> printing of CUSIP identification numbers upon the Bonds. Such number and the printing thereof shall be <br /> subject in all respects to the provisions of Section 47-10,Hawaii Revised Statutes, as amended. <br /> SECTION 11. Bond Insurance. The Director of Finance is hereby authorized to determine <br /> and provide for any insurance provisions respecting the Bonds of a series as she shall deem to be in the best <br /> interest of the County, including,without limitation, selection of the bond insurer,payment of the insurance <br /> premium and printing of any insurance statement on the Bonds. In the event that bond insurance is obtained by <br /> the purchaser of such Bonds, (a) such insurance shall not constitute a part of the contract by and with the <br /> County evidenced by a particular Bond or constitute a part of the proceedings providing for the issuance <br /> thereof, and(b)no liability or responsibility shall attach to the County or any officer or agent thereof in any <br /> way by reason of any such insurance, including,without limiting the foregoing,with respect to the procuring, <br /> maintenance,enforcement or collection thereof. The County shall be under no obligation to take or refrain <br /> from taking any action by reason of the existence of such insurance or any of the provisions thereof, even <br /> though the taking or refraining from taking of such action may result in or be cause for cancellation or <br /> cessation of such insurance. <br /> 5 <br />