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FRO" 0 N 0 904 224 1544 4.12.1993 20133 P. 2 w -" $47,1900000 XyDIAm R7:VER COUNTYe FLORIDA HATER WD OVER REVBNUB BONDS, •ERIBS 199SA 03,230,000 INDIAN RIVZX COUNTY, VLORTDA NATTER AND SENER REVENQE BONDS, SERIES 1993E PURCghns CONTRACT April 13, 1993 Chairman Board of County Commissioners Indian River County, Florida 1840 25th Street Vero Beach, Florida 32960 Ladies and Gentlemen: The undersigned William R. dough i Co. (the "Underwriter") offers to enter into this Purchase Contract with Indian River County, Florida (the "County"), which, upon acceptance of this offer by the County, will be binding upon the County and upon the Underwriter. This offer is made subject to written acceptance hereof by the County at or prior to 11:59 P.M., Eastern Daylight Time, on the date hereof and, if not so accepted, will be subject to withdrawal by the Underwriter upon notice delivered to the County at any time prior to the acceptance hereof by the County. 1. Purgh sa_e and sale. Upon the terms and conditions and in reliance on the representations, warranties, covenants and agree- ments not forth herein, the Underwriter hereby agrees to purchase from the County and the County hereby agrees to sell and deliver to the Underwriter, all (but not less than all) of the aggregate principal amount of $47,190,000 Indian River County, Florida Water and Sewer Revenue Bonds, series 1993A and $3,330,000 Indian River County, Florida water and Sewer Revenue Bonds, Series 1993E (collectively, the "Bonds") . The Bonds shall be dated April 1, 1993. The purchase price shall be $48,664,229.60 (which represents the par amount of the Bonds minus original issue discount of $1,410,184.00 and underwriter's discount of $445,586.40) plus accrued interest from their date to the date of the closing referred to in Paragraph 7 of this Purchase Contract (the "Closing")). The Bonds shall be as described in and shall be issued and secured under the provisions of Resolution No. 93- , as the same may be amended and supplemented (collectively the "Resolution") of