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1993-146
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1993-146
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7/29/2020 3:14:11 PM
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7/29/2020 2:55:18 PM
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Resolutions
Resolution Number
93-146
Approved Date
08/17/1993
Resolution Type
SPECIFYING
Subject
Specifying terms and provisions for the $9,875,000 Recreational Revenue Refunding Bonds
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(c) Any amendment to the Official Statement is proposed <br />by the County or deemed necessary by Bond Counsel or Counsel <br />to the Underwriter which adversely affects the market for the <br />Bonds or the sale, at the contemplated offering prices, by the <br />Underwriter of the Bonds to be purchased by it. <br />(d) Any fact shall exist or any event shall have <br />occurred which makes the official Statement, in the form as <br />originally- approved by the Board of County Commissioners of <br />the County, contain an untrue statement of a material fact or <br />omit to state a material fact necessary in order to make the <br />statements made therein, in light of the circumstances under <br />which they were made, not misleading. <br />(e) There shall have occurred any outbreak or escalation <br />of hostilities or any national or international calamity or <br />crisis, financial or otherwise, including a general suspension <br />of trading on any national securities exchange which <br />(i) materially adversely affects the market for the Bonds or <br />the sale of the Bonds, at the contemplated offering prices <br />disclosed on the cover of the Official Statement, by the <br />Underwriter or (ii) causes a material disruption in the <br />municipal bond market and as, in the judgment of the <br />Underwriter, makes it impracticable for them to market the <br />Bonds or to enforce contracts for the sale of the Bonds. <br />(f) Legislation shall be enacted or any action shall be <br />taken by, or on behalf of, the Securities and Exchange <br />Commission which has the effect of requiring the contemplated <br />distribution of the Bonds to be registered under the <br />Securities Act of 1933, or any laws analogous thereto relating <br />to governmental bodies, and compliance therewith cannot be <br />accomplished prior to the Closing. <br />(g) A general banking moratorium shall have been <br />declared by the United States, New York or Florida authorities <br />which materially adversely affects the market for the Bonds or <br />the sale, at the contemplated offering prices, by the <br />Underwriter of the Bonds to be purchased by them. <br />(h) Any national securities exchange, or any <br />governmental authority, shall impose, as to the Bonds or <br />obligations of the general character of the Bonds, any <br />material restrictions not now in force, or increase materially <br />those now in force, with respect to the extension of credit <br />by, or the charge to the net capital requirements of the <br />Underwriter. <br />(i) Any rating of the Bonds shall have been downgraded <br />or withdrawn by a national rating service, which materially <br />adversely affects the market for the Bonds or the sale, at the <br />contemplated offering prices, by the Underwriter of the Bonds <br />-16- <br />
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