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INDIAN RIVER COUNTY, FLORIDA <br />RESOLUTION NO. 88-131 <br />A RESOLUTION AMENDING AND SUPPLEMENTING RESOLUTION NO. 88-44 <br />OF INDIAN RIVER COUNTY, FLORIDA, ENTITLED: <br />"A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA PROVIDING <br />FOR THE PURCHASE OF A SUBREGIONAL WATER TREATMENT AND <br />DISTRIBUTION SYSTEM BY INDIAN RIVER COUNTY, FLORIDA; <br />PROVIDING FOR THE ISSUANCE OF NOT EXCEEDING $4,000,000 <br />WATER REVENUE BONDS, SERIES 1988, OF THE COUNTY TO PAY <br />THE COST OF SAID SYSTEM; PROVIDING FOR THE RIGHTS OF THE <br />REGISTERED OWNERS OF SAID BONDS; PROVIDING FOR THE <br />PAYMENT THEREOF; MAKING CERTAIN OTHER COVENANTS AND <br />AGREEMENTS IN CONNECTION WITH THE ISSUANCE OF SAID BONDS; <br />AND PROVIDING AN EFFECTIVE DATE." <br />BY ADDING CERTAIN PROVISIONS THERETO AND REVISING CERTAIN <br />PROVISIONS THEREOF, INCLUDING WITHOUT LIMITATION PROVIDING THAT <br />SAID BONDS MAY BE ISSUED AS BONDS JUNIOR AND SUBORDINATE IN ALL <br />RESPECTS TO THE BONDS AND NOTES DESCRIBED IN AND/OR ISSUED PRIOR <br />AND/OR SUBSEQUENT TO SAID BONDS UNDER OR PURSUANT TO THE PROVISIONS <br />OF RESOLUTION NO. 82-61 OF THE COUNTY, AS AMENDED AND SUPPLEMENTED <br />FROM TIME TO TIME; AND PROVIDING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN <br />RIVER COUNTY, FLORIDA: <br />SECTION 1. AUTHORITY FOR THIS RESOLUTION. This resolution <br />is adopted pursuant to Chapters 125 and 159, Florida Statutes <br />(1988), and other applicable provisions of law. <br />SECTION 2. DEFINITIONS. All terms and phrases used herein <br />shall have the meanings ascribed to them in Resolution 88-44 of <br />INDIAN RIVER COUNTY, FLORIDA, adopted August 2, 1988, except as <br />otherwise specifically provided herein. <br />SECTION 3. FINDINGS. It is hereby ascertained, determined <br />and declared that: <br />A. The Board on August 2, 1988 duly adopted Resolution No. <br />88-44 (the "Bonds Enabling Resolution") entitled: <br />"A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA PROVIDING <br />FOR THE PURCHASE OF A SUBREGIONAL WATER TREATMENT AND <br />DISTRIBUTION SYSTEM BY INDIAN RIVER COUNTY, FLORIDA; <br />PROVIDING FOR THE ISSUANCE OF NOT EXCEEDING $4,000,000 <br />WATER REVENUE BONDS, SERIES 1988, OF THE COUNTY TO PAY <br />THE COST OF SAID SYSTEM; PROVIDING FOR THE RIGHTS OF THE <br />REGISTERED OWNERS OF SAID BONDS; PROVIDING FOR THE <br />PAYMENT THEREOF; MAKING CERTAIN OTHER COVENANTS AND <br />AGREEMENTS IN CONNECTION WITH THE ISSUANCE OF SAID BONDS; <br />AND PROVIDING AN EFFECTIVE DATE." <br />DEC 13 1988 <br />40 <br />BOOK 75 FACE 385 <br />