1989-154 - Laserfiche WebLink

Home Browse Search

i • •• "RESOLUTION N0. 86-35 A RESOLUTION PROVIDING FOR THE ACQUISITION AND CONSTRUCTION OF ADDITIONS, EXTENSIONS AND IMPROVEMENTS TO THE COMBINED WATER AND SEWER SYSTEM OF INDIAN RIVER COUNTY, FLORIDA; AUTHORIZING THE ISSUANCE BY SUCH COUNTY OF NOT EXCEEDING $9,200,000 WATER AND SEWER REVENUE BONDS, SERIFS 1986, AND $450,000 WATER AND SEWER REVENUE BONDS, SERIES 1986A, TO FINANCE THE COST THEREOF; PLEDGING THE GROSS REVENUES OF SUCH SYSTEM TO SECURE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SUCH BONDS; PROVIDING FOR THE RIGHTS OF THE HOLDERS OF SUCH BONDS; MAKING CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; PROVIDING FOR RELATED MATTERS; AND PROVIDING AN EFFECTIVE DATE." SECTION 4. Amp d Og and Supplementing section 1.01 of the 1986 Bond Resolution Section 1.01 of the 1986 Bond Resolution is hereby amended and supplemented as follows: A. The following definitions are hereby added to Section 1.01: " 'Bent Pine Project' shall mean the acquisition of the sanitary sewer system located within the territorial limits of the Issuer known as the Bent Pine Sewer System and the connection thereof to the System, thereby making the same a part thereof. " 'Series 1986 Bonds' shall mean the water and sewer revenue bonds designated as "Water and Sewer Revenue Bonds, Series 1986" authorized to be issued pursuant to Section 2.01 of this Instrument. " 'Series 1986A Bonds' shall mean the water and sewer revenue bonds designated as "Water and Sewer Revenue Bonds, Series 1986A" authorized to be issued pursuant to SeCi;ion 2.01 of this Instrument." B. The definition of the phrase "Project" is hereby amended to read as follows: " 'Project' shall mean the additions, extensions and improvements to the System to be acquired and constructed pursuant to the authorization contained in - 4 -