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1989-019
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1989-019
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Last modified
6/25/2021 11:20:07 AM
Creation date
2/4/2021 9:40:52 AM
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Resolutions
Resolution Number
1989-019
Approved Date
02/14/1989
Resolution Type
Sewer Revenue Refunding Bonds
Subject
Provide for issuance of not exceeding $7,500,000 Water & Sewer Refunding Bonds, Series 1989
to refund certain outstanding bonds
Document Relationships
1989-046
(Cover Page)
Path:
\Resolutions\1980'S\1989
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outstanding in book -entry form, the provisions of Sections 7, 9, 10 and 11 <br />of this Resolution shall not be applicable to such book -entry Bonds. The <br />details of any alternative system of Bond issuance, as described in this <br />paragraph, shall be set forth in a resolution of the Board duly adopted at <br />or prior to the delivery of any of the Bonds. <br />SECTION 7. EXECUTION AND AUTHENTICATION OF BONDS. The Bonds <br />shall be executed in the name of the County by the Chairman or Vice <br />Chairman of the Board attested by its Clerk or Ex -Officio Clerk and its <br />official seal or a facsimile thereof shall be affixed thereto or <br />reproduced thereon. The signatures of the Chairman or Vice Chariman and <br />Clerk or Ex -Officio Clerk may be either manual or facsimile signatures. <br />The certificate of authentication of the Bond Registrar shall appear on <br />the Bonds, and no Bond shall be valid or obligatory for any purpose or be <br />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 either manual or in facsimile; <br />provided, however, that at least one of the signatures, including that of <br />the authorized signatory for the Bond Registrar, appearing on the Bonds, <br />shall at all times be a manual signature. In case any one or more of the <br />officers of the Board who shall have signed or sealed any of the Bonds <br />shall cease to be such officer or officers of the Board before the Bonds <br />so signed and sealed shall have been actually sold and delivered, such <br />Bonds may nevertheless be sold and delivered as if the persons who signed <br />or sealed such Bonds had not ceased to hold such offices. Any Bonds may <br />be signed and sealed on behalf of the Board by such person who at the <br />actual time of the execution of such Bonds shall hold the proper office, <br />although at the date of such Bonds such person may not have held such <br />office or may not have been so authorized. <br />The validation certificate on the Bonds, if any, shall be <br />executed with the manual or facsimile signature of the Chairman or Vice <br />Chairman of the Board. <br />SECTION 8. NEGOTIABILITY. The Bonds issued hereunder shall be <br />and shall have all of the qualities and incidents of negotiable <br />instruments under the laws of the State of Florida, and each successive <br />holder, in accepting any of the Bonds, shall be conclusively deemed to <br />have agreed that such Bonds shall be and have all of the qualities and <br />incidents of negotiable instruments under the laws of the State of <br />Florida. <br />SECTION 9. REGISTRATION, TRANSFER AND EXCHANGE. The Bond <br />Registrar shall be responsible for maintaining books for the registration, <br />transfer and exchange of the Bonds. <br />All Bonds presented for transfer, exchange, redemption or <br />payment (if so required by the Board or the Bond Registrar) shall be <br />accompanied by a written instrument or instruments of transfer or <br />authorization for exchange, in form and with guaranty of signature <br />- 7 - <br />
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