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� I <br />1 <br />"SECTION 2. DEFINITIONS. The following terms shall have the <br />following meanings in this Resolution, unless the context otherwise clearly <br />requires: <br />I <br />"A. "Act" shall mean Chapters 125 and 159, Florida Statutes (1988), <br />as amended, and other applicable provisions of law. <br />"B. "Additional Parity Bonds" shall mean additional bonds issued <br />'M in compliance with the terms, conditions and limitations contained herein which <br />have an equal lien on the Pledged Funds, as herein defined, and rank equally in <br />all respects with all other Bonds issued hereunder as to lien and security for <br />payment. <br />"C. "Authorized Investments" shall mean those investments <br />specified in Exhibit A attached hereto, provided that such investments are at <br />the time lawful investments for the funds involved under Section 125.31, Florida <br />Statutes (1988), as amended. <br />"D. "Board" shall mean the Board of County Commissioners of Indian <br />River County, Florida. <br />"E. "Bonds" shall mean the Series 1989 Bonds together with any <br />Additional Parity Bonds hereafter issued hereunder. <br />"F. "Bond Insurance Policy" shall mean the municipal bond new <br />issue insurance policy issued by the Bond Insurer guaranteeing the payment of <br />principal of and interest on the Series 1989 Bonds. <br />"G. "Bond Insurer" shall mean Financial Guaranty Insurance <br />Company, a New York stock insurance company, or any successor thereto. <br />"H. "Bond Registrar" shall mean the Bond Registrar to be <br />determined by subsequent resolution of the Board. <br />"l• "Consulting Engineers" shall mean such qualified and <br />recognized consulting engineers, having a nationwide and favorable reputation <br />for skill and experience in the construction and operation of systems such as <br />the System at the time retained by the County to perform the acts and carry out <br />the duties as herein provided for the Consulting Engineers. <br />"J. "Costs" shall mean all expenses necessary, appurtenant or <br />incidental to the acquisition or construction of any property, real, personal <br />or mixed, deemed necessary or desirable for carrying out the purposes of the <br />System, including, without intending to limit the generality of the foregoing, <br />the cost of any land or interest therein or of any fixtures, equipment or <br />personal property necessary or convenient therefor; costs of acquiring any water <br />- 3 - <br />