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1993-080
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1993-080
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Last modified
8/8/2019 12:41:48 PM
Creation date
8/8/2019 12:41:08 PM
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Resolutions
Resolution Number
1993-080
Approved Date
04/13/1993
Resolution Type
Bond retirement
Subject
retirement of certain outstanding Water & Sewer Revenue Bonds (authorizes $47,190,000 and $3,330,000
Document Relationships
1993-081
(Cover Page)
Path:
\Resolutions\1990'S\1993
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r <br />fee or governmental charge that may be imposed in connection with such transfer, <br />all as provided in the Resolution. Upon such transfer, there shall be executed <br />in the name of the transferee, and the Bond Registrar shall deliver, as early as <br />practicable, a new fully registered bond or bonds of authorized denominations in <br />the same aggregate principal amount and of the same series, maturity and interest <br />rate as this Bond. <br />In like manner, subject to said conditions and upon payment of any such <br />sum, this Bond may be surrendered at said office of the Bond Registrar in <br />exchange for an equal aggregate principal amount of new fully registered bonds <br />of authorized denominations of the same series, maturity and interest rate as <br />this Bond. <br />The County and the Bond Registrar shall not be required to issue or to <br />register the transfer of or exchange any Bonds then considered for redemption <br />during a period beginning at the close of business on the fifteenth (15th) day <br />next preceding any date of selection of Bonds to be redeemed and ending at the <br />close of business on the day of mailing the applicable notice of redemption, as <br />hereinafter provided, or to register the transfer of or exchange any portion of <br />any of the Bonds selected for redemption until after the redemption date. <br />It is hereby certified and recited that all acts, conditions and things <br />required to exist, to happen and to be performed precedent to and in the issuance <br />of this Bond exist, have happened and have been performed in regular and due form <br />and time as required by the Constitution and laws of the State of Florida <br />applicable thereto. <br />This Bond is and has all the qualities and incidents of a negotiable <br />instrument under the laws of the State of Florida. <br />[Insert redemption provisions) <br />In lieu of any mandatory redemption of the Bonds, the County may purchase <br />Bonds and tender them to the Paying Agent, all as more fully provided in the <br />Resolution. <br />If less than all Bonds of any one maturity are to be redeemed, the Bonds <br />of such maturity to be redeemed shall be drawn by lot by the Paying Agent. For <br />the purposes of redemption, if this Bond is of a denomination larger than $5,000, <br />it shall be treated as representing that number of Bonds which equals the number <br />obtained by dividing the principal amount hereof by $5,000, each $5,000 portion <br />of this Bond being subject to redemption. In case of partial redemption of this <br />Bond, payment of the redemption price shall be made only upon surrender of this <br />Bond in exchange for Bonds of authorized denominations in aggregate principal <br />amount equal to the unredeemed portion of the principal amount hereof. <br />Notice of any redemption shall be given in the manner provided in the <br />Resolution. On the date designated for redemption, notice having been provided <br />as aforesaid, and money for payment of the principal, premium, if any, and <br />accrued interest being held by the Paying Agent, interest on the Bonds or <br />portions thereof so called for redemption shall cease to accrue and such Bonds <br />or portions thereof so called for redemption shall cease to be entitled to any <br />benefit or security under the Resolution, and the registered owners of such Bonds <br />or portions thereof so called for redemption shall have no rights with respect <br />thereto, except to receive payment of the principal to be redeemed and accrued <br />14 <br />
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