1992-217 - Laserfiche WebLink

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mailed by the Paying Agent to the Registered Owners thereof at their addresses as the same appear on the registration books kept by the Bond Registrar on behalf of the County at 5:00 p.m. local time at the location of the Bond Registrar on the fifteenth (15th) day of the month immediately preceding the applicable interest payment date, at the interest rates per annum set forth in the Bond Purchase Agreement (hereinafter defined), shall mature on September 1 of the years and in the principal amounts set forth in the Bond Purchase Agreement. The Bonds shall not be subject to optional or mandatory redemption prior to maturity. At the option of the Registered Owner of $1,000,000 or more in aggregate principal amount of Bonds, interest shall be payable by wire transfer pursuant to written instructions from such Registered Owner. SECTION 2. The County has determined that it does not reasonably expect to issue tax-exempt obligations that, together with all tax-exempt obligations reasonably expected to be issued by all entities that issue obligations on behalf of the County and all "subordinate entities" (within the meaning of Section 265(b)(3)(E) of the Internal Revenue Code of 1986, as amended (the "Code")) of the County, in the aggregate, will not exceed Ten Million Dollars ($10,000,000) during the 1992 calendar year and, accordingly, hereby designates each of the Bonds as a "qualified tax-exempt obligation", as defined in Section 265(b)(3)(B) of the Code, for the purposes and effect contemplated by Section 265 of the Code. SECTION 3. It is hereby found, ascertained, determined and declared by the Board that a negotiated sale of the Bonds is in the long term best interest of the County. SECTION 4. In compliance with Subsection 218.385(4), Florida Statutes, as amended, the Purchaser has provided to the County, prior to the adoption of this 3