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"City Bonds" shall mean the outstanding principal amount of <br />the City of Sebastian, Florida Utilities System Revenue Bonds, <br />Series 1993. <br />"City Bond Resolution" shall mean Resolution No. R-93-67 as <br />adopted by the City and as amended from time to time. <br />"City System" shall mean the water and sewer system of the <br />City existing on the date of the acquisition thereof by the County <br />in accordance with the terms hereof. <br />"County" shall mean Indian River County, Florida, a political <br />subdivision of the State of Florida. <br />"Paying Agent" shall mean, as to the City Bonds, The Bank of <br />New York (formerly Barnett Banks Trust Company, N.A.), its <br />successors and assigns, as paying agent and registrar for the City <br />Bonds. <br />"Registrar" shall mean, as to the City Bonds, the Paying <br />Agent. <br />"Resolution11 shall mean this resolution as from time to time <br />amended or supplemented, in accordance with the terms hereof. <br />"System" shall mean the water and sewer systems owned and <br />operated by the County, wherever located in the County, together <br />with any and all improvements, extensions and additions thereto <br />hereafter constructed or acquired and any physically independent <br />water or sewer system hereafter made a part of the System by <br />resolution of the Board of County Commissioners together with any <br />and all improvements, extensions and additions thereto hereafter <br />constructed or acquired. <br />F <br />