Laserfiche WebLink
"A RESOLUTION PROVIDING FOR THE ISSUANCE OF <br /> REVENUE AND GENERAL OBLIGATION NOTES OF <br /> INDIAN RIVER COUNTY, FLORIDA, NOT TO EXCEED <br /> $1,350 , 000 TO PAY THE COST OF ADVANCING FUNDS <br /> FOR SOLID WASTE DISPOSAL IMPROVEMENTS; <br /> PLEDGING REVENUES OF THE PROJECT-AND AD <br /> VALOREM TAXES FOR REPAYMENT THEREOF AND <br /> CONTAINING OTHER PROVISIONS RELATING TO <br /> THE NOTES; PROVIDING AN EFFECTIVE DATE. <br /> BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br /> INDIAN RIVER COUNTY, FLORIDA (hereinafter called "Board") that: <br /> SECTION 1. AUTHORITY FOR RESOLUTION. This resolution <br /> is adopted pursuant to the provisions of Section 125 . 01, Florida <br /> Statutes., Chapter 159, Part I , Florida Statutes, and other applicable <br /> provisions of law. <br /> SECTION 2 . FINDINGS. It is hereby found, determined <br /> and declared as follows , that-.-- <br /> A. <br /> hat:-A. Itis necessary, desirable, and in the best interest <br /> of Indian River County, Florida (hereinafter called "County") , and <br /> its inhabitants that revenue and general obligation notes in an <br /> amount not exceeding $1, 350 , 000. 00 be issued to advance funds for <br /> solid waste disposal system improvements, including the acquisition <br /> of land and equipment therefor (herein called "Project") . <br /> B. Such revenue and general obligation notes together <br /> with all other outstanding general obligation bonded indebtedness <br /> of the County will not exceed any statutory debt limitation. <br /> SECTION 3. RESOLUTION TO CONSTITUTE CONTRACT. In con- <br /> sideration of the acceptance of the Notes authorized to be issued <br /> hereunder by those who shall hold the same from time to time, this <br /> resolution shall be deemed to be and shall constitute a contract <br /> between the County and such holders. The covenants and agreements <br /> herein set forth to be performed by the County shall be for the <br /> equal benefit, protection and security of the legal holders of any <br /> and all of such Notes, all of which shall be of equal rank and <br /> without preference, priority or distinction of any of the Notes <br /> over any other thereof, except as expressly provided therein and <br /> herein. <br /> SECTION 4 . AUTHORIZATION OF NOTES . For the purpose of <br /> advancing funds to finance the cost of the Project, there are hereby <br />