12/6/1978 - Laserfiche WebLink

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SECTION 4. AUTHORIZATION OF NOTES. For the purpose of advancing funds to finance the cost of the Project, there are hereby authorized to be issued Revenue and General Obligation Notes of the County (herein called "Notes"), in the aggregate principal amount of not exceeding Two Hundred Thirty -Five Thousand Dollars ($235,000). The Notes shall be dated December 14, 1978, numbered 1 to 5, inclusive, Notes numbers 1 to 4, inclusive, to be in the denomination of $50,000 each and No. 5 for $35,000. Said Notes shall mature on December 13, 1979 and shall bear interest, payable at maturity, at the rate of six and forty hundredths per centum (6.40%) per annum. Such Notes shall be payable as to principal ' 1 and interest in lawful money of the United States of America at The Chase Manhattan Bank, N.A., New York, New York and shall be payable to bearer unless registered as hereinafter provided. SECTION 5. SALE OF NOTES. The Notes are hereby awarded and sold at private sale, at the price of par plus accrued interest, if any, to the date of delivery, to William R. Hough & Co., St. Petersburg, Florida. The Chairman of the Board of County Commissioners is hereby authorized to receive the purchase price of.said Notes and to apply the proceeds thereof without further authority from this Board. SECTION 6. EXECUTION OF NOTES. The Notes shall be executed in the name of the County by the Chairman of the Board of County Commissioners and countersigned and attested by the Clerk of the Board, and -its corporate seal or a facsimile thereof shall be affixed thereto or reproduced thereon. The facsimile signatures of the Chairman or the Clerk may be'imprinted or reproduced on the Notes, provided that at least one signature required to be placed thereon shall be manually subscribed. In case any officer whose signature shall appear on any of the Notes shall cease.to be such officer before the delivery of such Notes; such signature or facsimile shall nevertheless be.valid and sufficient for all purposes the same as if he had remained in office until such delivery. The Notes may be signed and sealed on behalf of the County by such person who at -2- I A.