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1990-040
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1990-040
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Last modified
2/26/2021 11:28:36 AM
Creation date
1/26/2021 11:03:10 AM
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Resolutions
Resolution Number
1990-40
Approved Date
03/27/1990
Entity Name
Rockridge Water System
Subject
Special Assessment Revenue Bonds, Series 1990
Expansion of Low Pressure Grinder Pump Sewage System
Document Relationships
1990-067
(Cover Page)
Path:
\Resolutions\1990'S\1990
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interest from their date, payable by check mailed to the Registered Owners at <br />their addresses as they appear on the registration books kept by the Bond <br />Registrar on behalf of the County. <br />Notwithstanding any other provisions of this section, the Board may, <br />at its option, prior to the date of issuance of the Bonds and subject to the <br />approval of the purchasers of the Bonds, elect to use an immobilization system <br />or pure book -entry system with respect to issuance of the Bonds, provided <br />adequate records will be kept with respect to the ownership of Bonds issued in <br />book -entry form or the beneficial ownership of the Bonds issued in the name of <br />a nominee. As long as any Bonds are outstanding in book -entry form, the <br />provisions of Sections 6, 8, 9 and 10 of this Resolution shall not be applicable <br />to such book -entry Bonds. The details of any alternative system of Bond <br />issuance, as described in this paragraph, shall be set forth in a resolution of <br />the Board duly adopted at or prior to the delivery of any of the Bonds. <br />SECTION 6. EXECUTION AND AUTHENTICATION OF BONDS. The Bonds shall <br />be executed in the name of the County by the Chairman or Vice Chairman of the <br />Board, attested by its Clerk, and shall have affixed thereto or reproduced <br />thereon the official seal of the County, or a facsimile thereof. The signatures <br />of the Chairman or Vice Chairman and Clerk may be either manual or facsimile <br />signatures. The certificate of authentication of the Bond Registrar shall <br />appear on the Bonds, and no Bond shall be valid or obligatory for any purpose <br />or be entitled to any security or benefit under this Resolution unless such <br />certificate shall have been duly executed on such Bond. The authorized <br />signature for the Bond Registrar shall be manual. In case any one or more of <br />the officers of the Board who shall have signed or sealed any of the Bonds shall <br />cease to be such officer or officers of the Board before the Bonds so signed and <br />sealed shall have been actually sold and delivered, such Bonds may nevertheless <br />be sold and delivered as if the persons who signed or sealed such Bonds had not <br />ceased to hold such offices. Any Bonds may be signed and sealed on behalf of <br />the Board by such person who at the actual time of the execution of such Bonds <br />shall hold the proper office, although at the date of such Bonds such person may <br />not have held such office or may not have been so authorized. <br />The validation certificate on the Bonds, if any, shall be executed <br />with the manual or facsimile signature of the Chairman or Vice Chairman of the <br />Board. <br />SECTION 7. NEGOTIABILITY. The Bonds issued hereunder shall be and <br />shall have all of the qualities and incidents of negotiable instruments under <br />the laws of the State of Florida, and each successive holder, in accepting any <br />of the Bonds, shall be conclusively deemed to have agreed that such Bonds shall <br />be and have all of the qualities and incidents of negotiable instruments tinder <br />the laws of the State of Florida. <br />- 5 - <br />
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