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12/21/1983
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12/21/1983
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Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
12/21/1983
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principal of the Bonds, which may be at any bank or trust company <br />within or without the State of Florida. Interest on the Bonds <br />shall be payable by checks or drafts mailed to the registered <br />owners thereof. The Bonds shall be signed by the manual or fac- <br />ts <br />a simile signatures of the Chairman and Clerk of the Board, and the <br />Bond registrar, provided that the Bonds -shall bear at least one <br />signature which is manually executed thereon. The Bnndq c1,a11 <br />have the seal of the Board affixed, imprinted, reproduced or <br />lithographed thereon, -all as may be prescribed in the resolution <br />or resolutions authorizing the issuance thereof. The Bonds may <br />be delivered to any contractor for payment for his work in <br />constructing Improvements hereunder or may be sold at public or <br />private sale at such price as the Board shall determine to be in <br />its best interest, provided that the price shall not be less than <br />95% of the par value of the Bonds sold. <br />SECTION 3. SECURITY FOR BONDS. The principal of, <br />interest on and redemption premiums,, if any, for the Bonds shall <br />be payable from the proceeds of the special assessments to be <br />levied against the property specially benefited by the acquisi- <br />tion and/or construction of the Improvements, and, at the option <br />of the Board, may be additionally payable from any other funds <br />derived by the County from sources other than ad valorem taxation <br />and legally available for such purpose. The provisions of this <br />section, however, shall not be construed so as to impair or <br />authorize the impairment of the security of the holders of any <br />obligations previously issued by the County which are payable <br />a from such non ad valorem funds. <br />SECTION 4. INCORPORATION OF CERTAIN PROVISIONS OF <br />CHAPTER 170. The provisions of Chapter 170,`Florida Statutes <br />(1981), as amended, to the extent not inconsistent with the pro- <br />visions of this ordinance, are hereby incorporated herein by <br />reference and made applicable to the County the same as if it <br />were a "municipality" as defined therein. Appropriate changes to <br />the provisions of Chapter 170, Florida Statutes (1981), as <br />DEC 211983 <br />-37 679 <br />
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