J. MILLARD TAWES, GOVERNOR                             1311

BE ISSUED BY THIS ACT ARE OR WILL BE OUTSTANDING,
THE COUNTY SHALL LEVY OR CAUSE TO BE LEVIED THE
SPECIAL AD VALOREM TAXES AUTHORIZED BY THIS SEC-
TION OF THIS ACT IN AN AMOUNT OR AMOUNTS SUFFI-
CIENT TO PROVIDE FOR THE PAYMENT WHEN DUE OF
THE INTEREST AND PRINCIPAL OF ALL SUCH BONDS BE-
COMING DUE IN SUCH FISCAL YEAR, AND IF THE AMOUNT
OF ESTIMATED RECEIPTS FROM SUCH SPECIAL TAXES,
TOGETHER WITH OTHER REVENUES AVAILABLE FOR THE
PAYMENT OF SUCH INTEREST AND PRINCIPAL, SHALL BE
INSUFFICIENT TO PAY SUCH INTEREST AND PRINCIPAL
THE COUNTY SHALL LEVY OR CAUSE TO BE LEVIED AD
VALOREM TAXES ON THE ASSESSABLE PROPERTY WITHIN
THE CORPORATE LIMITS OF THE COUNTY IN RATE AND
AMOUNT SUFFICIENT TO PROVIDE FOR SUCH PAYMENTS.
IN THE EVENT THAT THE PROCEEDS FROM SUCH SPECIAL
AD VALOREM TAXES AND FROM THE GENERAL AD
VALOREM TAXES UPON ALL THE ASSESSABLE PROPERTY
WITHIN THE COUNTY LEVIED IN ANY FISCAL YEAR, TO-
GETHER WITH OTHER REVENUES AVAILABLE FOR THE
PAYMENT OF THE INTEREST AND PRINCIPAL OF SUCH
BONDS, SHALL PROVE INADEQUATE FOR SUCH PURPOSE,
ADDITIONAL TAXES SHALL BE LEVIED IN THE SUCCEED-
ING FISCAL YEAR TO MAKE UP ANY SUCH DEFICIENCY.

Sec. 5 6. And be it further enacted, That the County is hereby
further authorized and empowered, at any time and from time to
time, to issue its bonds in the manner hereinabove described for
the purpose of refunding, upon purchase or redemption, any bonds
issued for the projects described in Section 1 hereof. The validity
of any such refunding bonds shall in no way be dependent upon or
related to the validity or invalidity of the obligations so refunded.
The powers herein granted with respect to the issuance of bonds and
also the limitations herein on such powers, shall be applicable to
the issuance of refunding bonds. Said refunding bonds may be
issued by the County for the purpose of providing it with funds
to purchase in the open market any of its outstanding bonds issued
hereunder, prior to the maturity thereof, or for the purpose of
providing it with funds for the redemption prior to maturity of
any outstanding bonds issued hereunder which are, by their terms,
redeemable. The resolution authorizing the issue of any such re-
funding bonds shall describe the issue or issues of bonds of the
County so to be refunded and no issue of such refunding bonds shall
exceed in par amount the par amount of such bonds so described
in said resolution. No such refunding bonds shall actually be de-
livered to the purchaser or purchasers thereof more than six (6)
months in advance of redemption date or dates of bonds to be re-
deemed and refunded and the proceeds of the sale of any such re-
funding bonds shall be segregated and set apart by the County as
a separate trust fund to be used solely for the purpose of paying the
purchase or redemption prices of the bonds to be refunded.

Sec. 6 7. And be it further enacted, That, in the issuance of any
of the bonds authorized hereby, the County may, prior to the prep-
aration of definitive bonds or obligations, issue interim certificates
or temporary bonds, with or without coupons, exchangeable for