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authorized to be issued Revenue and General Obligation Notes of <br /> the County (herein called "Notes") , in the aggregate principal <br /> amount of not exceeding Eight Hundred Fifty Thousand Dollars <br /> ($850,000) . The Notes shall be payable to bearer unless registered <br /> as hereinafter provided; shall be payable in lawful money of the <br /> United States of America; shall be issued either at one time or in <br /> installments from time to time; shall be numbered consecutively <br /> from one upward and each Note shall be dated as of the date of <br /> issuance thereof. Said Notes shall mature on or before May 1 , <br /> 1978 and shall bear interest, payable at maturity, at the rate of <br /> four and sixty-five hundredths per centum (4 . 65%) per annum. Such <br /> Notes shall be payable as to principal and interest at First Citrus <br /> Bank of Indian River County, Vero Beach, Florida and such Notes <br /> shall be in such denominations , in multiples of $5 ,000 , as may be <br /> agreed upon between the purchaser and the County. <br /> SECTION 5. SALE OF NOTES. The Notes are hereby awarded <br /> and sold at private sale, at the price of par, to First Citrus Bank <br /> of Indian River County, Vero Beach, Florida. <br /> The Chairman of the Board of County Commissioners is <br /> hereby authorized to receive the purchase price of said Notes , as <br /> issued, and to apply the proceeds thereof without further authority <br /> from this Board. <br /> SECTION 6. EXECUTION OF NOTES. The Notes shall be <br /> executed in the name of the County by the Chairman of the Board <br /> of County Commissioners and countersigned and attested by the Clerk <br /> of the Board, and its corporate seal or a facsimile thereof shall <br /> be affixed thereto or reproduced thereon. The facsimile signatures <br /> of the Chairman or the Clerk may be imprinted or reproduced on the <br /> Notes, provided that at least one signature required to be placed <br /> thereon shall be manually subscribed. In case any officer whose <br /> signature shall appear on any of the Notes shall cease to be such <br /> officer before the delivery of such Notes , such signature or facsimile <br /> shall nevertheless be valid and sufficient for all purposes the same <br /> as if he had remained in office until such delivery. The Notes may <br /> be signed and sealed on behalf of the County by such person who at <br /> -2- <br />