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a <br />shall determine the place or places of payment of the principal <br />and interest which may be at any bank or trust company within or <br />i <br />without the state. The bonds shall be signed either by manual or <br />facsimile signatures of the Chairman and Clerk of the board, provided <br />that such bonds shall bear at least one (1) signature which is <br />manually executed thereon, and the coupons attached to such bonds <br />shall bear the facsimile signature or signatures of such officer or <br />officers as shall be designated by the board. The bonds shall have <br />the seal of the board affixed, imprinted, reproduced or lithographed <br />thereon, all as may be prescribed in the resolution or resolutions <br />authorizing the issuance thereof. The bonds shall be sold at public <br />sale or private sale at such price or prices as the board shall <br />determine to be in the best interest, provided that the price shall <br />be not less than ninety-five per centum (950) of the par value of <br />the bonds sold. <br />SECTION 3. The principal of andthe interest on the bonds <br />issued hereunder may be secured by and payable from revenues, if any, <br />derived from the operation of said projects,or may be secured by and <br />payable from the Guaranteed Entitlement portion of the State Revenue <br />Sharing Trust Funds received by the County pursuant to Chapter.218, <br />Part II, Florida Statutes or from other funds of the County derived <br />from sources other than from ad valorem taxes, or a combination of <br />such revenues and funds. <br />SECTION 4. The bonds shall also be and they are hereby con- <br />stituted negotiable instruments under the law merchant and the laws of <br />the State of Florida. <br />SECTION 5. The bonds shall be and they are hereby con- <br />stituted as legal investments for any state, county, municipal or <br />other public funds or for any bank, savings bank, trustees, executors, <br />guardians, or any trust or fiduciary funds whatsoever. Such bonds <br />shall also be and constitute legal securities which may be deposited <br />by any bank or trust company for the security of state, county, muni- <br />cipal or other public funds. <br />SECTION 6. No referendum or election in Indian River County <br />shall be required for the exercise of any of the provisions of this <br />ordinance, unless such referendum or election is required by the Con- <br />stitution of Florida. <br />- 2 - <br />AUG 3 1977 <br />Bou 30 PAGE 281 <br />