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RESOLUTION N0. 85-40 <br />A RESOLUTION AMENDING A RESOLUTION OF THE <br />BOARD OF COUNTY COMMISSIONERS OF INDIAN <br />RIVER COUNTY, FLORIDA, ENTITLED: <br />"RESOLUTION PROVIDING FOR THE ACQUISITION <br />AND CONSTRUCTION OF AQDITIONS, EXTENSIONS <br />AND IMPROVEMENTS TO THE COMBINED WATER AND <br />SEWER SYSTEM OF INDIAN RIVER COUNTY, FLORIDA; <br />AUTHORIZING THE ISSUANCE BY THE COUNTY OF <br />NOT EXCEEDING $2,750,700 WATER AND SEWER <br />REVENUE BONDS, SERIES 1982, TO FINANCE THE <br />COST THEREOF; PLEDGING THE GROSS REVENUES <br />OF SUCH SYSTEM TO SECURE PAYMENT OF THE <br />PRINCIPAL OF AND INTEREST ON THE BONDS; AND <br />PROVIDING FOR THE RIGHTS OF THE HOLDERS OF <br />THE BONDS." <br />DULY ADOPTED ON JULY 7, 1982, BY DELETING <br />AUTHORIZATION FOR THE ISSUANCE OF COUPON <br />BONDS IN ORDER TO COMPLY WITH CURRENT <br />FEDERAL TAX LAWS; AND PROVIDING AN <br />EFFECTIVE DATE. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA: <br />SECTION 1. AUTHORITY FOR THIS RESOLUTION. This resolu- <br />tion is adopted pursuant to Chapter 159, Florida Statutes (1983), <br />and other applicable provisions of law. <br />SECTION Z. FINDINGS. It is hereby ascertained, deter- <br />mined and declared that: <br />A. The Board of County. Commissioners of Indian River <br />County, Florida (hereinafter called "Board"), on July 7, 1982, <br />duly adopted a resolution entitled: <br />"RESOLUTION PROVIDING FOR THE ACQUISITION <br />AND CONSTRUCTION OF ADDITIONS, EXTENSIONS <br />-1- <br />APR 10 1985 <br />96 <br />BOOK 60 PAGE 52 7 <br />