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1993-145
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1993-145
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Last modified
7/29/2020 3:13:16 PM
Creation date
7/29/2020 2:54:47 PM
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Resolutions
Resolution Number
93-145
Approved Date
08/17/1993
Resolution Type
authorizing
Subject
Authorizing retirement of outstanding recreational Revenue Bonds $9,875,000
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ASSIGNMENT <br />FOR VALUE RECEIVED, the undersigned sells, assigns and <br />transfers to <br />(Name and address of Transferee) <br />(Social Security or Taxpayer Identification Number of Transferee)this Bond and <br />does hereby irrevocably constitute and appoint <br />as his agent to transfer this Bond on the books kept for registration hereof, <br />with full power of substitution in the premises. <br />(Signature of Transferor) <br />Date: <br />Signature guaranteed: <br />(Name of Bank, Trust Company <br />or Firm) <br />By: <br />Title: <br />NOTICE: No transfer will be registered and no new Bond will be issued in the <br />name of the Transferee unless the signature(s) to this assignment correspond(s) <br />to the name(s) appearing as Registered Owner upon the face of the within Bond in <br />every particular, without enlargement or any change whatever and the Social <br />Security or Federal Employer Identification Number of the Transferee is supplied. <br />Signature(s) of the Transferor(s) must be guaranteed by a member firm of a major <br />stock exchange or a commercial bank or trust company. <br />SECTION 14. BONDS NOT GENERAL OBLIGATIONS. The Bonds shall not be or <br />constitute general or moral obligations or a pledge of the faith, credit or <br />taxing power of the County, the State of Florida or any political subdivision <br />thereof or an indebtedness of any of them as "bonds" within the meaning of the <br />Constitution of the State of Florida, but shall be special obligations of the <br />County payable solely from and secured solely by a lien upon and a pledge of the <br />Pledged Funds, as provided herein. No Registered Owner shall ever have the right <br />to compel the exercise of the ad valorem taxing power of the County, the State <br />of Florida or any political subdivision thereof, or taxation in any form of any <br />real property therein, to pay the principal, interest or premium, if any, on the <br />Bonds, or be entitled to payment of such principal, interest or premium, if any, <br />from any funds of the County other than the Pledged Funds, as provided herein. <br />SECTION 15. SECURITY FOR AND CERTAIN COVENANTS AND PROVISIONS WITH RESPECT <br />TO THE BONDS. The payment of the principal of, premium, if any, and interest on <br />the Bonds shall be secured forthwith equally and ratably by a pledge of and first <br />lien upon the Pledged Funds (excluding the Half -Cent Sales Tax). The County does <br />hereby irrevocably pledge the Pledged Funds (excluding the Half -Cent Sales Tax) <br />to the payment of the principal of, premium, if any, and interest on the Bonds, <br />to the extent and in the manner provided herein. <br />The principal of, premium, if any, and interest on the Bonds shall be <br />secured forthwith equally and ratably by a lien upon and a pledge of the Half - <br />14 <br />
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