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C. Section 125.31(1), Florida Statutes, authorizes a county to enact an ordinance specifying investments for surplus public funds in its control or possession, if the desired investments are not otherwise set forth in Section 125.31, Florida Statutes. D. The County desires maximum flexibility in the investment of proceeds from the sale of its obligations and the security for payment of its obligations. E. Notice of intent to consider this ordinance has been published and made available to the public for inspection in the manner provided by law. SECTION 4. PROJECTS The County is hereby authorized to acquire, construct, improve and equip county capital projects (the "Projects"), as the same may be determined by the Board from time to time in accordance with applicable law. SECTION 5. OBLIGATIONS To pay the cost of the projects and other costs necessary or incidental thereto, including but not limited to the costs of issuance of such obligations, the County is authorized to issue, or cause to be issued on behalf of the County, as the case may be, bonds, notes, certificates, lease -purchase obligations (including certificates of participation) and other forms indebtedness (collectively, the "Obligations") from time to time. Such Obligations may be issued in bearer form or fully registered form; may be delivered by means of physical certificates or a book -entry system, or any combination thereof; may be in such denomination or denominations; may bear interest at such rate or rates not exceeding the maximum rate allowed by law, payable on a current basis or at maturity; and may mature at such time or times, all as shall be determined by the Board at or prior to the time of sale of the Obligations. The Obligations may be made redeemable before maturity, at the option of the County or the holders thereof, at such price or prices and under such terms and conditions as shall -2-