Laserfiche WebLink
SECTION 21- Transfer Provisos. All property <br />and equipment held by the various volunteer organizations and the <br />City of Vero Beach may be deeded or leased or otherwise transferred to <br />Fire District. Any liens outstanding at the time of the transfer <br />will be assumed by the Fire District, to be paid from funds derived <br />from the taxes collected pursuant to this Ordinance. In addition, <br />the volunteer organizations and the City of Vero Beach shall lease <br />or convey the various fire stations to the Fire District upon mutually <br />acceptable terms. Furthermore, the aforementioned transfer will <br />be subject to the existing labor agreements between the City of <br />Vero Beach and the local 2201 of the International Association <br />of Fire Fighters. <br />SECTION 21- Authorization to Issue Bonds. As <br />an alternative means of financing the cost of fire prevention and <br />control capital projects, the District Board of Fire Commissioners <br />is authorized to issue special assessment or general obligation <br />bonds from time to time (the "Obligations"). Such Obligations <br />may be issued in coupon form or fully registered form, and may <br />be in such denomination or denominations, bear interest at such <br />rate or rates and shall mature at such time or times not exceeding <br />50 years from their date or dates as may be determined by the governing <br />body of the District. The Obligations may be made redeemable before <br />maturity, at the option of the governing body of the District, <br />at such price or prices and under such terms and conditions as <br />may be fixed by the governing body of the District prior to their <br />issuance. The governing body of the District shall determine the <br />place or places of payment of the principal of and interest on <br />the Obligations which may beat any bank or trust company within <br />or without the state. The Obligations shall be signed either by <br />manual or facsimile signatures of the chairman and clerk of the <br />governing body of the District, provided that such Obligations <br />shall bear at least one signature which is manually executed thereon. <br />The coupons attached to such Obligations, if any, shall bear the <br />facsimile signature or signatures of such officer or officers as <br />shall be designated by the governing body of the District. The <br />Obligations shall have the seal of the District affixed, imprinted, <br />-8- <br />