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1991-081
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1991-081
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Last modified
5/10/2017 12:30:54 PM
Creation date
5/10/2017 12:30:31 PM
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Resolutions
Resolution Number
1991-081
Approved Date
07/23/1991
Resolution Type
Water Revenue Bonds Series 1988
Entity Name
Supplement Resolution 1989-19
Subject
Sludge Treatment Facility - Regional
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with respect to any other Bonds, except as expressly provided in the Master Bond <br />Resolution, in this Resolution and in the Bonds. <br />SECTION 5. AUTHORIZATION OF 1991 PROJECT. The 1991 Project is hereby <br />authorized in accordance with the plans and specifications on file or to be <br />placed on file with the County, as modified from time to time as deemed <br />necessary or desirable. <br />SECTION 6. 1991 PROJECT MADE A PART OF THE SYSTEM. The 1991 Project <br />shall be a part of the System. <br />SECTION 7. RECEIPTS AND REVENUES FROM THE 1991 PROJECT MADE REVENUES. <br />All receipts and revenues received by the County from the operation of the 1991 <br />Project and all improvements, extensions and additions thereto hereafter <br />constructed or acquired shall be Revenues. <br />SECTION 8. AUTHORIZATION TO RETIRE THE SERIES 1988 NOTES. The retirement <br />of the Series 1988 Notes is hereby authorized. Said retirement shall be in <br />whole, may be prior to maturity at the applicable redemption price or at <br />maturity at par and shall be on such terms and conditions as specified by <br />subsequent resolution of the Board. <br />SECTION 9. AUTHORIZATION AND DESCRIPTION OF SERIES 1991 BONDS. Subject <br />and pursuant to the provisions of the Master Bond Resolution and this <br />Resolution, obligations of the County to be known as "Water and Sewer Revenue <br />Bonds, Series 1991," are hereby authorized to be issued in the aggregate <br />principal amount of not exceeding $11,175,000. The Series 1991 Bonds shall be <br />Additional Parity Bonds issued pursuant to the Master Bond Resolution. The <br />Series 1991 Bonds shall be dated as of a date to be fixed by subsequent <br />resolution of the County and may be numbered consecutively from one upward or <br />in such other manner as agreed upon between the County and the Bond Registrar. <br />The Series 1991 Bonds shall be issued in such denominations, shall bear interest <br />at such rate or rates, not exceeding the maximum rate authorized by applicable <br />law, payable at such times, shall mature on such dates and in such years and in <br />such amounts, shall be subject to redemption, in whole or in part, prior to <br />their respective stated dates of maturity, at the option of the County or <br />otherwise, at such times and in such manner and shall have such other terms and <br />conditions all as may be determined by subsequent resolution of the County <br />adopted at or prior to the sale of the Series 1991 Bonds. The Series 1991 Bonds <br />shall be substantially in the form set forth in the Master Bond Resolution, with <br />such omissions, insertions and variations as may be necessary and/or desirable <br />and authorized or permitted by the Master Bond Resolution, this Resolution or <br />any.subsequent resolution adopted prior to the issuance thereof, or as may be <br />necessary to comply with applicable laws, rules and regulations of the United <br />States and the State of Florida in effect upon the issuance thereof: <br />The Series 1991 Bonds shall be issued in fully registered form <br />without coupons; shall be payable with respect to principal at a principal <br />corporate trust office of the Paying Agent; shall be payable in lawful money of <br />the United States of America; and shall bear interest from their date, payable <br />by check mailed to the Registered Owners at their addresses as they appear on <br />the registration books kept by the Bond Registrar on behalf of the County. <br />Notwithstanding any other provisions of this section, the Board may, <br />at its option, prior to the date of issuance of the Series 1991 Bonds and <br />subject to the approval of the purchasers of said Bonds, elect to use an <br />3 <br />
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