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1989-062
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1989-062
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Last modified
3/24/2022 1:22:59 PM
Creation date
3/24/2022 1:20:45 PM
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Resolutions
Resolution Number
1989-062
Approved Date
06/27/1989
Resolution Type
Issuance of Bonds
Subject
Providing for issuance of General Obligation Bonds, Series 1989, $5,900,000
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• <br />11 <br />0• <br />Notwithstanding any other provisions of this section, the Board may, <br />at its option, prior to the date of issuance of tate Bonds and subject to the <br />approval of the purchasers of the Bonds, elect to use an immobilization system or <br />pure book -entry system with respect to issuance of the Bonds, provided adequate <br />records will be kept with respect to the ownership of Bonds issued in book -entry <br />form or the beneficial ownership of the Bonds issued in the name of a nominee, <br />As long as any Bonds are outstanding in book -entry form, the provisions of <br />Sections 7, 9, 10 and 11 of this Resolution shall not be applicable to such <br />book -entry Bonds. The details of any alternative system of Bond issuance, as <br />described in this paragraph, shall be set forth in a resolution of the Board <br />duly adopted at or prior to the delivery of any of the Bonds, <br />SECTION 7. EXECUTION AND AUTHENTICATION OF BONDS. The Bonds shall be <br />executed in the name of the County by the Chairman or Vice Chairman of the Board <br />attested by its Clerk and its official seal or a facsimile thereof shall be <br />affixed thereto or reproduced thereon. The signatures of the Chairman or Vice <br />Chairman and Clerk may be either manual or facsimile signatures. The certificate <br />of authentication of the Bond Registrar shall appear on the Bonds, and no Bond <br />shall be valid or obligatory for any purpose or be entitled to any security or <br />benefit under this Resolution unless such certificate shall have been duly <br />executed on such Bond, The authorized signature for the Bond Registrar shall be <br />manual. In case any one or more of the officers of the Board who shall have <br />signed or sealed any of the Bonds shall cease to be such officer or officers of <br />the Board before the Bonds so signed and sealed shall have been actually sold and <br />delivered, such Bonds may nevertheless be sold and delivered as if the persons <br />who signed or sealed such Bonds had not ceased to hold such offices. Any Bonds <br />may be signed anu sealed on behalf of the Board by such person who at the actual <br />time of the execution of such Bonds shall hold the proper office, although at the <br />date of such Bonds such person may not have held such office or may not have been <br />so authorized, <br />The validation certificate on the Bonds, if any, shall be executed <br />with the manual or facsimile signature of the Chairman or Vice Chairman of the <br />Board. <br />SECTION 8. NEGOTIABILITY. The Bonds issued hereunder shall be and <br />shall have all of the qualities and incidents of negotiable instruments under the <br />laws of the State of Florida, and each successive holder, in accepting any of the <br />Bonds, shall be conclusively deemed to have agreed that such Bonds shall be and <br />have all of the qualities and incidents of negotiable instruments under the laws <br />of the State of Florida. <br />SECTION 9. REGISTRATION, TRANSFER AND EXCHANGE. The Bond Registrar <br />shall be responsible for maintaining books for the registration, transfer and <br />exchange of the Bonds. <br />All Bonds presented for transfer, exchange, or payment (if so required <br />by the Board or the Bond Registrar) shall be accompanied by a written instrument <br />or instruments of transfer or authorization for exchange, in form and with <br />guaranty of signature satisfactory to the Board or the Bond Registrar, duly <br />executed by the Registered Owner or by his duly authorized attorney. <br />
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