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BOOK 95 PAGE 714 <br />ORDINANCE NO. 95-16 <br />direct an appropriate officer of the County to submit to the Board <br />for budget approval, as the case may be, from any funds of the <br />County legally available for such purpose, an amount sufficient to <br />pay the principal of, redemption premium, if any, and interest on <br />the Obligations (collectively, the "Security"). <br />SECTION S. NEGOTIABILITY <br />The Obligations shall be -negotiable instruments under the <br />Uniform Commercial Code -Investment Securities laws of the State of <br />Florida. <br />SECTION 9. INVESTMENT OF FUNDS <br />Proceeds of the sale of any Obligations and any Security <br />securing payment of the Obligations may, at the option of the <br />County, be invested in the following manner: <br />A. Any investments authorized or permitted from time to <br />time by Section 125.31, Florida Statutes, or any other -law of the <br />State of Florida controlling the investment of surplus public funds <br />of a county. <br />Board. <br />B. Shares of the Florida Counties Investment Trust. <br />C. Any other investments specified by resolution of the <br />The County shall, in any resolution authorizing the <br />issuance of its Obligations providing for the investment of the <br />proceeds of the.sale of such Obligations, select all or any portion <br />of the above investment vehicles as permitted investments under <br />such resolution, and, in its discretion, may provide additional <br />restrictions to such investments in the resolution. <br />The provisions of this Section 9 shall not be deemed to <br />amend any resolutions or ordinances authorizing the issuance of any <br />outstanding obligations of the County. <br />14 <br />July 18, 1995 <br />