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RESOLUTION
<br />WHEREAS, the Board of Public Instruction of Indian River Coenty,
<br />Florida, did, on the 8th day of March, 1962, adopt a Resolution:
<br />Requesting Approval by the State Superintendent of Public
<br />.Instruction of Indian River County, Florida, a body corporate,
<br />for and on behalf of Special Tax School District No. 1 of said
<br />County, to issue bonds in the amount of $2,280,000.00, for the
<br />purpose of raising funds with which to construct now improvements
<br />and additions to the Public School Plants and Public School System
<br />of Indian River County, Florida, and to Equip Salm.
<br />and,
<br />WHEREAS, the Board of Public Instruction of Indian River County,
<br />Florida, did, on the 19th day of March, 1962, by Resolution call a special
<br />election to be held in Special Tax School District No. 1, of Indian River
<br />County, Florida, on the 24th day of April, 1962, to vote on the question of:
<br />Shall Special Tax School District No. 1, of Indian River County,
<br />Florida, issue Bonds in the aggregate principal amount of not
<br />exceeding $2,280,000.00, bearing interest, payable semi-annually,
<br />at such rate or rates, not exceeding the legal rate, as shall be
<br />determined at the time of the sale thereof, and maturing serially
<br />in annual installments over a period not to exceed twenty (20)
<br />years from the date of said bonds, for the purpose of financing
<br />the cost of acquiring, building, enlarging, furnishing or otherwise
<br />improving buildings or school grounds, as more specifically
<br />described and provided in the Resolution of the Board of Public
<br />Instruction of Indian River County, Florida, adopted on the 19th
<br />day of March, 1962.
<br />and,
<br />WHEREAS, pursuant to said Resolutions, a special election wag
<br />held in Special Tax School District No. 1, Indian River County, Florida, on
<br />April 24, 1962, to vote upon said issue; and,
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