1991-151 - Laserfiche WebLink

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WHEREAS, Raymond James & Associates, Inc. (the "Purchasers"), have offered to purchase the Bonds on the terms and conditions hereinafter described. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: SECTION 1. The Bonds shall be in the aggregate principal amount of $9,205,000 shall be dated as of October 1, 1991, shall in fully registered form, shall be in denominations of $5,000 or any integral multiple thereof, shall mature in the principal amounts and on the dates set forth in the Bond Purchase Agreement hereinafter approved, shall bear interest, at the applicable rate for each maturity as set forth in such Bond Purchase Agreement, payable semiannually on May 1 and November 1 of each year, commencing May 1, 1992, until the principal amount thereof is paid, by check mailed by the Paying Agent to the Registered Owners whose names and addresses appear on the registration books kept by the Bond Registrar on behalf of the County at 5:00 p.m. local time at the location of the Bond Registrar on the fifteenth (15th) day of the month next preceding each applicable interest payment date (the "Record Date"), and shall be subject to optional redemption and mandatory sinking fund redemption as set forth in such Bond Purchase Agreement. Upon written request of the Registered Owner of Bonds in an aggregate principal amount of $1,000,000' or more as of a Record Date, payment of interest on the interest payment date will be made to such Registered Owner by wire transfer of funds pursuant to the written directions of the Registered Owner, provided that such written instructions are on file with the Paying Agent not later than the twentieth (20th) day of the month preceding the interest payment date. 2