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4 <br />(SOLID WASTE DISPOSAL DISTRICT) <br />RESOLUTION NO. 88-1 <br />A RESOLUTION PROVIDING FOR THE ACQUISITION AND <br />CONSTRUCTION OF A SOLID WASTE DISPOSAL PROJECT <br />OF THE INDIAN RIVER COUNTY, FLORIDA SOLID WASTE <br />DISPOSAL DISTRICT; PROVIDING FOR THE ISSUANCE <br />OF NOT EXCEEDING $ 11,000,000 SOLID WASTE <br />DISPOSAL SYSTEM REVENUE BONDS, SERIES 1988, OF <br />SUCH DISTRICT TO PAY THE COST OF SAID PROJECT; <br />PROVIDING FOR THE RIGHTS OF THE REGISTERED <br />OWNERS OF SAID BONDS; PROVIDING FOR THE PAYMENT <br />THEREOF, MAKING CERTAIN OTHER COVENANTS AND <br />AGREEMENTS IN CONNECTION WITH THE ISSUANCE OF <br />SAID BONDS; AND PROVIDING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA ACTING AS THE GOVERNING BODY OF THE <br />INDIAN RIVER COUNTY, FLORIDA SOLID WASTE DISPOSAL DISTRICT: <br />SECTION 1. AUTHORITY FOR THIS RESOLUTION. This <br />resolution is adopted pursuant to Chapter 125, Florida Statutes <br />(1987), County Ordinance No. 87-67, enacted December 22, 1987, and <br />other applicable provisions of law. <br />SECTION 2. DEFINITIONS. The following terms shall have <br />the following meanings in this Resolution, unless the context <br />otherwise clearly requires: <br />A. 111988 Project" shall mean the project, the <br />acquisition and construction of which is hereby authorized. <br />Be "Act" shall mean Chapter 125, Florida Statutes <br />(1987), County Ordinance No. 87-67, enacted December 22, 1987, and <br />other applicable provisions of law. <br />C. "Additional Parity Bonds" shall mean additional bonds <br />issued in compliance with the terms, conditions and limitations <br />contained herein which have an equal lien on the Pledged Funds, as <br />herein defined, and rank equally in all respects with all other <br />Bonds issued hereunder as to lien and security for payment. <br />D. "Authorized Investments" shall mean those <br />investments specified in Section 125.31, Florida Statutes (1987), <br />as amended. <br />E. "Board" shall mean the Board of County Commissioners <br />of Indian River County, Florida acting as the governing body of the <br />District. <br />F. "Bonds" shall mean the Series 1988 Bonds together <br />with any Additional Parity Bonds hereafter issued hereunder.. <br />