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the sale thereof; <br />WHEREAS, the County desires to appoint a Paying Agent <br />and Bond Registrar for the Bonds, to ratify the distribution of a <br />Preliminary Official Statement and to authorize the execution and <br />distribution of an Official Statement therefor; and <br />WHEREAS, Gulfstream Financial Associates, Inc., as <br />manager (the "Purchaser"), has offered to purchase the Bonds on <br />the terms and conditions hereinafter described. <br />NOW, THEREFORE, BE IT RESOLVED BY TETE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: <br />SECTION 1. The Bonds shall be in the aggregate <br />principal amount of $6,075,000, shall be dated as of October 15, <br />1969, shall be in Tully registered form, shall be in denominations <br />Of $5,000 or any integral multiple thereof, shall bear interest <br />payable semiannually on April 1 and October 1 of each year, <br />commencing April 1, 1990, until the principal amount thereof is <br />paid, by check mailed by the Paying Agent to the Registered owner <br />thereof at his address as the same appear on the registration <br />books kept by the Bond Registrar on behalf of the County at 5:o0 <br />p.m. local time at the location of the Bond Registrar on the <br />fifteenth (15th) day of the month immediately preceding the <br />applicable interest payment date, at the interest rates per annum <br />set forth in the Preliminary official Statement hereinafter <br />referred to, shall mature on October 1 of the years and in the <br />principal amounts set forth in the Preliminary official Statement <br />and shall be subject to optional and mandatory redemption as set <br />2 <br />