March 4, 2013 - Cabarrus County
March 4, 2013 - Cabarrus County
March 4, 2013 - Cabarrus County
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the best interests of the <strong>County</strong> in connection with the issuance of the Bonds to engage a<br />
qualified verification agent to render the customary services of an escrow verification agent in<br />
connection with the refunding of the Bonds To Be Refunded.<br />
Section 11. There may be printed on the reverse of each of any printed Bonds the legal<br />
opinion of Nexsen Pruet, LLC, bond counsel to the <strong>County</strong>, with respect to the validity of the<br />
Bonds, and there may be printed immediately following such legal opinion a certificate bearing<br />
the manual or facsimile signature of the Chairman or Vice-Chairman of the Board of the <strong>County</strong>,<br />
said certificate to be in substantially the following form:<br />
“I HEREBY CERTIFY that the foregoing is a true and correct copy of the<br />
legal opinion on the bonds therein described which was manually signed by<br />
Nexsen Pruet, LLC, Charlotte, North Carolina, and was dated as of the date of<br />
delivery of and payment for said bonds.<br />
[Manual or Facsimile Signature]<br />
Chairman/Vice-Chairman of the<br />
<strong>County</strong> of <strong>Cabarrus</strong>, North Carolina”<br />
Section 12. The <strong>County</strong> covenants that, to the extent permitted by the Constitution and<br />
laws of the State of North Carolina, it will do and perform all acts and things to comply with the<br />
requirements of the Internal Revenue Code of 1986, as amended (the “Code”), and any related<br />
regulations and procedures in order to assure that interest paid on the Bonds will not be<br />
includable in the gross income of the owners thereof for purposes of federal income taxation,<br />
except to the extent that the <strong>County</strong> obtains an opinion of bond counsel to the effect that<br />
noncompliance would not result in interest on the Bonds being includable in the gross income of<br />
the owners of the Bonds for purposes of federal income taxation.<br />
As necessary or appropriate in connection with the issuance of the Bonds, all officers,<br />
employees and agents of the <strong>County</strong> are authorized and directed to provide certifications of<br />
material facts and estimates as to the reasonable expectations of the <strong>County</strong> as of the date(s) the<br />
Bonds are delivered and on behalf of the <strong>County</strong> to sign agreements or acknowledge instructions<br />
regarding compliance with the requirements of the Code and any related regulations and<br />
procedures relating to the Bonds.<br />
Section 13. There are hereby created, as may be needed, appropriate funds and accounts<br />
of the <strong>County</strong> for the receipt and expenditure of the proceeds of the Bonds, and appropriate debt<br />
21<br />
Attachment number 2<br />
4-5<br />
Page 121