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<br />BOOK 65 F':,E 060
<br />interest thereon, is a limited obligation of the County and neither the County,
<br />nor the State of Florida, nor any political subdivision thereof, shall be
<br />obligated to pay the Bond or the interest thereon or other costs or payments
<br />incident thereto, except from the aforementioned revenues and receipts and
<br />neither the faith and credit nor the taxing power of the County or the State of
<br />Florida or any political subdivision thereof is pledged to the payment of the•••-
<br />Bond or the interest thereon or other costs or payments incident thereto. The
<br />Bond and obligations arising thereunder do not create or reflect liability of
<br />the County or any member, official or employee thereof, except as otherwise
<br />described in this Section 7.
<br />SECTION 8. SALE OF TIM BOND. The Bond shall be sold to the Citizens
<br />and Southern National Bank, Atlanta, Georgia, at a purchase price of 99% of the
<br />Principal amount of the Bond to be delivered to such purchaser. Because of the
<br />nature of the Bond and the prevailing market conditions, the negotiated sale of
<br />the Bond is hereby found to be in the best interests of the County.
<br />SECTION 9. AUTHORIZATION OF EXECUTION OF AGRMMW. The County
<br />hereby authorizes and directs the Chairman of the Board of County Commissioners
<br />to execute, and its Clerk to attest under the seal of the County, the Agreement,
<br />and to deliver the Agreement to the Corporation, and does hereby authorize and
<br />direct the execution, sealing and delivery of the Agreement and the execution of
<br />the endorsement of the Note which is attached to the Agreement thereto. All of
<br />the provisions of the Agreement, when executed and delivered by the County as
<br />authorized herein and when duly authorized, executed and delivered by the
<br />Corporation, shalt be deemed to be a part of this Resolution as fully and to the
<br />same extent as i� incorporated verbatim herein, and the Agreement shall be in
<br />substantially the form of the Agreement attached hereto as Exhibit B with such
<br />changes, amendments, modifications, omissions and additions, including the date
<br />of such Agreement, as may be approved by said Chairman. Execution by the
<br />Chairman of the Agreement shall be deemed to be conclusive evidence of approval
<br />of such changes.
<br />SECTION 10. AUTHORIZATION OF MMCUTION OF INDENTUM. As security for
<br />the payment of the principal of, premium, if any, and interest on the Bond and
<br />Other payments related thereto, the County hereby authorizes and directs the
<br />Chairman of the Board of County Commissioners to execute, and its Clerk to
<br />attest under the seal of the County, the Indenture and to deliver the Indenture
<br />to the Trustee and does hereby authorize and direct the execution, sealing and
<br />delivery of the Indenture. The Indenture specifies the terms, conditions,
<br />covenants, rights, obligations, duties and agreements to and for the benefit of
<br />the holder of the Bond, the County, the Corporation and the Trustee. All of the
<br />Provisions of the Indenture when executed and delivered by the County as
<br />authorized herein and when duly authorized, executed and delivered by the
<br />Trustee shall be deemed to be a part of this Resolution as fully and to the same
<br />extent as if incorporated verbatim herein, and the Indenture shall be in
<br />substantially the form of the Indenture attached hereto with such changes,
<br />amendments, modifications, omissions and additions, including the date of such
<br />Indenture and the terms of the Bond which shall reflect the terms provided
<br />herein, as may be approved by said Chairman. Execution by the Chairman of the
<br />Indenture shall be deemed to be conclusive evidence of approval of such changes.
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