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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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as the Bond so mutilated, destroyed, stolen or lost, in exchange for and <br />cancellation of such mutilated Bond or in lieu of and substitution for the <br />Bond destroyed, stolen or lost, upon the Registered Owner furnishing the <br />County and the Bond Registrar proof of his ownership thereof and the loss <br />thereof (if lost, stolen or destroyed) and satisfactory indemnity and <br />complying with such other reasonable regulations and conditions as the <br />Board may prescribe and paying such expenses as the Board and the Bond <br />Registrar may incur. All Bonds so surrendered shall be cancelled by the <br />Bond Registrar. If any such Bonds shall have matured or be about to <br />mature, instead of issuing a substitute Bond, the County may pay the same, <br />upon being indemnified as aforesaid, and if such Bond be lost, stolen or <br />destroyed, without surrender thereof. <br />Any such duplicate Bonds issued pursuant to this section shall <br />constitute original, additional, contractual obligations on the part of <br />the County whether or not the lost, stolen or destroyed Bonds be at any <br />time found by anyone, and such duplicate Bonds shall be entitled to equal <br />and proportionate benefits and rights as to lien on and source and <br />security for payment from the funds, as hereinafter pledged, to the same <br />extent as all other Bonds issued hereunder. <br />SECTION 12. PROVISIONS FOR REDEMPTION. The Bonds or any <br />portions thereof shall be subject to redemption prior to their respective <br />stated dates of maturity, at the option of the County or otherwise, at <br />such times and in such manner as shall be determined by subsequent <br />resolution adopted prior to the sale thereof. <br />Notice of such redemption shall, not more than forty-five (45) <br />days and not less than thirty (30) days prior to the redemption date, (i) <br />be filed with the Bond Registrar and Paying Agent, and (ii) be mailed, <br />postage prepaid, to all Registered Owners of Bonds to be redeemed at their <br />addresses as they appear of record on the books of the Bond Registrar as <br />of forty-five (45) days prior to the date fixed for redemption. Interest <br />shall cease to accrue on any Bond duly called for prior redemption on the <br />redemption date, if payment thereof has been duly provided. The <br />Privilege of transfer or exchange of any of the Bonds so called for <br />redemption shall be suspended commencing 45 days preceding the date fixed <br />for redemption. <br />SECTION 13. FORM OF BONDS. The text of the Bonds, the <br />validation certificate thereon and the certificate of authentication <br />thereon shall be in substantially the following form, with such Omissions, <br />insertions and variations as may be necessary and/or desirable and <br />authorized or permitted by this Resolution or any subsequent resolution <br />adopted prior to the issuance thereof, or as may be necessary to comply <br />with applicable laws, rules and regulations of the United States and the <br />State of Florida in effect upon the issuance thereof: <br />- 9 - <br />
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