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INDIAN RIVER COUNTY, FLORIDA <br />RESOLUTION NO. 89-45 <br />A RESOLUTION SUPPLEMENTING RESOLUTION NO. 82-61 OF <br />INDIAN RIVER COUNTY, FLORIDA, ENTITLED: <br />"RESOLUTION NO. 82-61 <br />RESOLUTION COMBINING ALL WATER AND/OR SEWER SYSTEMS OF <br />INDIAN RIVER COUNTY, FLORIDA, INTO ONE INTEGRATED <br />SYSTEM; PLEDGING THE GROSS REVENUES OF SUCH COMBINED <br />SYSTEM TO SECURE PAYMENT OF THE PRINCIPAL AND INTEREST <br />ON ALL WATER AND SEWER REVENUE OBLIGATIONS OF THE <br />COUNTY; REVISING CERTAIN COVENANTS IN THE RESOLUTIONS <br />AUTHORIZING THE ISSUANCE OF ALL OUTSTANDING WATER <br />AND/OR SEWER REVENUE OBLIGATIONS OF THE COUNTY; AND <br />PROVIDING FOR THE RIGHTS OF THE HOLDERS OF SUCH <br />OBLIGATIONS." <br />TO PROVIDE FOR THE CONTINUING EFFECTIVENESS THEREOF <br />NOTWITHSTANDING PAYMENT OR PROVISION FOR PAYMENT OF ALL <br />OBLIGATIONS SECURED THEREBY. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br />COUNTY, FLORIDA: <br />SECTION 1. Authority for Resolution This resolution is adopted <br />pursuant to Chapters 125 and 159, Florida Statutes (1988), as amended, and other <br />applicable provisions of law. <br />that: SECTION 2. Findings It is hereby ascertained, determined and declared <br />A. The Board of County Commissioners (the "Board") of <br />Indian River County, Florida (the "County"), on July 7, <br />1982, duly adopted a resolution entitled as follows: <br />"RESOLUTION NO. 82-61 <br />RESOLUTION COMBINING ALL WATER AND/OR SEWER SYSTEMS OF <br />INDIAN RIVER COUNTY, FLORIDA, INTO ONE INTEGRATED <br />SYSTEM; PLEDGING THE GROSS REVENUES OF SUCH COMBINED <br />SYSTEM TO SECURE PAYMENT OF THE PRINCIPAL AND INTEREST <br />ON ALL WATER AND SEWER REVENUE OBLIGATIONS OF THE <br />