The county may issue obligations to refund any obligations issued under the authority
of this subdivision, and provide for the rights of the owners thereof. Such refunding
obligations may be issued in an amount sufficient (a) to pay any expenses of the issuance
and sale of such refunding obligations and (b) together with the income from the investment
of a portion of the proceeds of sale of such refunding obligations, to pay (i) the
principal of the outstanding obligations, (ii) the interest due and payable on the
outstanding obligations, and (iii) the redemption and/or mandatory purchase premium,
if applicable, on the outstanding obligations.
(Ord. No. 93-21, § 6, 11-16-93)
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