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1995-083
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1995-083
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Last modified
8/22/2018 12:16:53 PM
Creation date
8/22/2018 12:10:55 PM
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Resolutions
Resolution Number
1995-083
Approved Date
07/11/1995
Resolution Type
General Obligation Bonds
Entity Name
Indian River County
Subject
$15,000,000 Bond sale
Document Relationships
1995-063
(Agenda)
Path:
\Resolutions\1990'S\1995
1995-075
(Agenda)
Path:
\Resolutions\1990'S\1995
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C. The value of the above investments shall be determined as follows: <br />'Value', which shall be determined as of the end of each month, means that the value of <br />any investments shall be calculated as follows: <br />a) as to investments the bid and asked prices of which are published on a regular basis <br />in The Wall Street Journal (or, if not there, then in The New York Times): the <br />average of the bid and asked prices for such investments so published on or most <br />recently prior to such time of determination; <br />b) as to investments the bid and asked prices of which are not published on a regular <br />basis in The Wall Street Journal or The New York Times: the average bid price at <br />such time of determination for such investments by any two nationally recognized <br />government securities dealers (selected by the Trustee in its absolute discretion) at <br />the time making a market in such investments or the bid price published by a <br />nationally recognized pricing service; <br />c) as to certificates of deposit and bankers acceptances: the face amount thereof, plus <br />accrued interest; and <br />d) as to any investment not specified above: the value thereof established by prior <br />agreement between the Issuer, the Trustee and AMBAC Indemnity Corporation. <br />9 <br />
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