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THE COUNTY TO REFUND CERTAIN OUTSTANDING <br />BONDS OF THE COUNTY HERETOFORE ISSUED TO <br />FINANCE THE COST OF CONSTRUCTION OR <br />ACQUISITION OF THE COMBINED WATER AND SEWER <br />SYSTEM OF THE COUNTY; PROVIDING FOR THE <br />RIGHTS OF THE REGISTERED OWNERS OF SAID <br />BONDS; PROVIDING FOR THE PAYMENT THEREOF; <br />MAKING CERTAIN OTHER COVENANTS AND <br />AGREEMENTS IN CONNECTION WITH THE ISSUANCE <br />OF SAID BONDS; AND PROVIDING AN EFFECTIVE <br />DATE." <br />(hereinafter called the "Bond Resolution"). <br />B. It is necessary and desirable to amend and <br />restate the Bond Resolution to further provide for the <br />issuance of the Series 1989 Bonds and the terms and <br />provisions upon which additional bonds may be issued <br />under the Bond Resolution and may be paid and secured. <br />SECTION 3. Amendment and Rea ae*+* of Bond Re o7u*��++ The Bond <br />Resolution is hereby amended and restated in its entirety to read as follows: <br />"RESOLUTION NO. 89-19 <br />"A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING <br />FOR THE ISSUANCE OF NOT EXCEEDING $7,500,000 WATER AND <br />SEWER REVENUE REFUNDING BONDS, SERIES 1989, OF THE <br />COUNTY TO REFUND CERTAIN OUTSTANDING BONDS OF THE COUNTY <br />HERETOFORE ISSUED TO FINANCE THE COST OF CONSTRUCTION <br />OR ACQUISITION OF THE COMBINED WATER AND SEWER SYSTEM <br />OF THE COUNTY; PROVIDING FOR THE RIGHTS OF THE <br />REGISTERED OWNERS OF SAID BONDS; PROVIDING FOR THE <br />PAYMENT THEREOF; MAKING CERTAIN OTHER COVENANTS AND <br />AGREEMENTS IN CONNECTION WITH THE ISSUANCE OF SAID <br />BONDS; AND PROVIDING AN EFFECTIVE DATE. <br />"BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br />COUNTY, FLORIDA: <br />"SECTION 1. AUTHORITY FOR THIS RESOLUTION. This resolution is <br />adopted pursuant to Chapters 125 and 159, Florida Statutes (1988), as amended, <br />and other applicable provisions of law. <br />- 2 - <br />