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Improvements, payable from special assessments levied against the <br />property to be specially benefited by the acquisition and/or <br />construction of the Improvements and, at the option of the <br />County, from other funds of the County derived from sources other <br />than ad valorem taxation and legally available for such purpose; <br />now, therefore, <br />BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA: <br />SECTION 1. AUTHORIZATION OF IMPROVEMENTS. The Board of <br />County Commissioners of Indian River County, Florida (hereinafter <br />called "Board" and "County," respectively) is hereby authorized <br />to acquire and construct any of the Improvements, from time to <br />time, in the unincorporated areas of the County. <br />SECTION 2. AUTHORIZATION TO ISSUE BONDS. To pay the <br />cost of the Improvements, the Board is authorized to provide by <br />resolution for the issuance of revenue bonds (hereinafter called <br />"Bonds") from time to time. The Bonds may be issued in fully <br />registered form, without coupons, in such denomination or <br />denominations, bearing interest at such rate or rates and <br />maturing at such time or times not exceeding 2 years after the <br />maturity of the last installment of the special assessments, all <br />as may be determined by the Board. The Board may, at its option, <br />prior to the date of issuance of any series of Bonds, elect to <br />use an immobilization system or book -entry system with respect to <br />issuance of such Bonds, provided adequate records will be kept <br />with respect to the ownership of Bonds issued in book -entry form <br />or the beneficial ownership of Bonds issued in the name of a <br />nominee. The details of any alternative system of Bond issuance <br />shall be set forth in a resolution of the Board duly adopted <br />prior to the issuance of the applicable series of Bonds. The <br />Bonds may be made redeemable before maturity, at the option of <br />the Board, at such price or prices and under such terms and con- <br />ditions as may be fixed by the Board prior to their issuance. <br />The Board shall determine the place or places of payment of the <br />-2- <br />