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1992-216
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Last modified
2/25/2021 2:20:53 PM
Creation date
10/20/2020 3:39:29 PM
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Template:
Resolutions
Resolution Number
1992-216
Approved Date
11/24/1992
Subject
Authorizing th Issuance of not exceeding $7,530,000 Refunding Revenue Bonds, Series 1992
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YEAR AMOUNT <br />2001 $360,000 <br />2002 395,000 <br />C. The schedule of years and amounts in SECTION 1.(e) is replaced by the <br />following: <br />YEAR AMOUNT <br />2003 $430,000 <br />2004 465,000 <br />2005 510,000 <br />SECTION 7. AUTHORIZATION AND DESCRIPTION OF SERIES 1992 BONDS. Subject <br />and pursuant to the provisions of the Master Bond Resolution and this Resolution, <br />obligations of the County to be known as "Refunding Revenue Bonds, Series 1992," <br />are hereby authorized to be issued in the aggregate principal amount of not <br />exceeding $7,530,000. The Series 1992 Bonds shall be the third installment of <br />the Bonds originally authorized under the Master Bond Resolution. The Series <br />1992 Bonds shall be dated as of a date to be fixed by subsequent resolution of <br />the County and may be numbered consecutively from one upward or in such other <br />manner as agreed upon between the County and the Bond Registrar. The Series 1992 <br />Bonds shall be issued in such denominations, shall bear interest at such rate or <br />rates, not exceeding the maximum rate authorized by applicable law, be payable <br />at such times, shall mature on such dates and in such years and in such amounts, <br />shall be subject to redemption, in whole or in part, prior to their respective <br />stated dates of maturity, at the option oc the County or otherwise, at such times <br />and in such manner and shall have such other terms and conditions all as may be <br />determined by subsequent resolution of the Board adopted at or prior to the sale <br />of the Series 1992 Bonds. The Series 1992 Bonds shall be substantially in the <br />form set forth in the Master Bond Resolution, with such omissions, insertions and <br />variations as may be necessary and/or desirable and authorized or permitted by <br />the Master Bond Resolution, this Resolution or any subsequent resolution adopted <br />prior to the issuance thereof, or as may be necessary to comply with applicable <br />laws, rules and regulations of the United States and the State of Florida in <br />effect upon the issuance thereof. <br />The Series 1992 Bonds shall be issued in fully registered form without <br />coupons; shall be payable with respect to principal at a corporate trust office <br />of the Paying Agent; shall be payable in lawful money of the United States of <br />America; and shall bear interest from their date, payable by checks mailed to the <br />Registered Owners at their addresses as they appear on the registration books <br />kept by the Bond Registrar on behalf of the County. At the option of any <br />Registered Owner of $1,000,000 or more in principal amount of the Series 1992 <br />Bonds, interest shall be payable by wire transfer pursuant to written <br />instructions from such Registered Owner. <br />The provisions set forth in Exhibit "A" hereto shall apply with respect to <br />the Series 1992 Bonds and the policy insuring the payment of the principal and <br />interest on the Series 1992 Bonds. Copies of any amendments to any resolutions, <br />documents or instruments in connection with the Series 1992 Bonds consented to <br />by the insurer of the Series 1992 Bonds shall be sent to Standard & Poor's <br />Corporation. <br />SECTION B. 1992 FUNDS AND ACCOUNT. There is hereby created and <br />established the "Refunding Revenue Bonds, Series 1992, Sinking Fund" (herein the <br />"1992 Sinking Fund") within the Sinking Fund, the "Refunding Revenue Bonds, <br />
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