3/20/2019 11:59:42 AM
10/5/2015 9:49:27 AM
Revenue Bond Issuance
State Filed Date
County Capital Projects, Financing
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INDIAN RIVER COUNTY ORDINANCE NO. 84-3 <br />AN ORDINANCE OF THE BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA, AMENDING <br />SECTION 1-11 OF THE CODE OF LAWS AND ORDINANCES <br />OF INDIAN RIVER COUNTY, FLORIDA, ADOPTED BY <br />ORDINANCE NO. 74-2, AS AMENDED FROM TIME TO TIME <br />BY ORDINANCE NOS. 77-19, 80-3 AND 80-10 PROVIDING <br />FOR THE FINANCING"OF COUNTY CAPITAL PROJECTS; <br />PROVIDING FOR INCLUSION IN THE CODE; SEVERABILITY; <br />AND EFFECTIVE DATE. <br />NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FI:ORIDA that: <br />SECTION 1 <br />Section 1-11 (b) of the Code of Laws and Ordinances of <br />Indian River County, being Ordinance No. 74-2, Section (2) as <br />amended by Ordinance Nos. 77-19, 80-3 and 80-10 is hereby amended <br />to read as follows: <br />(b) To pay the cost of such projects, or to refund any <br />bonds theretofore issued for such purposes, the Board is author- <br />ized to provide by resolution for the issuance of revenue bonds <br />(hereinafter called "bonds") from time to time. The bonds, if <br />issued in certificated form after June 30, 1983, shall be issued <br />in fully registered form, without coupons, in such denomination or <br />denominations, bearing interest at such rate or rates per annum <br />not exceeding the maximum allowed by general law and shall mature <br />at such time or times, all as may be determined by the Board. The <br />bonds may be made redeemable before maturity, at the option of the <br />Board, at such price or prices and under such terms and conditions <br />as may be fixed by the Board prior to their issuance. The Board <br />shall determine the place or places of payment of the principal of <br />the bonds, which may be at any bank or trust company within or <br />without the State of Florida. Interest on the bonds shall be pay- <br />able by checks or drafts mailed to the registered owners thereof. <br />The bonds shall be signed by the manual or facsimile signatures of <br />the Chairman and Clerk of the Board, and by an authorized signa- <br />ture of the bond registrar designated by the Board to keep books <br />for the registration and transfer of the bonds, provided that the <br />bonds shall bear at least one signature which is manually executed <br />-1- <br />
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