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FF"- <br />JUL 16 196 <br />RESOLUTION AUTHORIZING 5.9 MILLION LIBRARY BONDS <br />BOOK 65 F'.,E 119 <br />ON MOTION by Commissioner Lyons, SECONDED by Com- <br />missioner Bowman, the Board unanimously approved <br />Resolution 86-41 authorizing the issuance of 5.9 <br />million General Obligation Bonds to finance the <br />Library system. <br />RESOLUTION NO. 86-41 <br />A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, <br />THROUGH ITS BOARD OF COUNTY COMMISSIONERS, <br />AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION <br />BONDS OF INDIAN RIVER COUNTY, FLORIDA, IN <br />ONE OR MORE SERIES, IN AN AGGREGATE PRIN- <br />CIPAL AMOUNT NOT TO EXCEED $5,900,000 TO <br />FINANCE THE COST OF IMPROVEMENTS TO AND <br />EXPANSION OF THE PUBLIC LIBRARY SYSTEM AND <br />SERVICES IN THE COUNTY; CALLING FOR AND PRO- <br />VIDING FOR A BOND REFERENDUM OF THE QUALIFIED <br />ELECTORS RESIDING IN THE COUNTY TO BE HELD <br />ON SEPT. 2, 19861 ON THE QUESTION OF THE <br />ISSUANCE OF SUCH GENERAL OBLIGATION BONDS; <br />AND PROVIDING FOR CERTAIN MATTERS WITH RESPECT <br />THERETO AND AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA that: <br />SECTION 1. <br />AUTHORITY OF THIS RESOLUTION. <br />This resolution is adopted pursuant to Section 125.01, <br />Florida Statutes, Chapter 100, Florida Statutes, and other <br />applicable provisions of law. <br />SECTION 2. <br />AUTHORIZATION OF BONDS. <br />Subject and pursuant to the provisions hereof, general <br />obligation bonds of the County of Indian River, Florida (herein <br />called "County"), are authorized to be issued in one or more <br />series in the aggregate principal amount of not to exceed FIVE <br />MILLION NINE HUNDRED THOUSAND DOLLARS to finance the cost of <br />improvements and expansion of the public library system and <br />services in the county; together with purposes necessary, <br />appurtenant or incidental hereto, including all costs of the <br />issuance of the bonds. Such general obligation bonds shall be <br />72 <br />