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CN MOTION BY COMMISSIONER Loy, SECONDED BY COMMISSIONER <br />MCCULLERS, THE BOARD UNANIMOUSLY ADOPTED THE FOLLOVIING RESOLUTION, <br />RESOLUTION NO. 72--35 <br />WHEREAS, Indian River County has entered into an agreement <br />with McCullers Well Drilling, Incorporated, for the construction of a <br />ten inch artesian well, and <br />WHEREAS, the Board of County Commissioners of Indian River <br />County have required as security for the faithful performance of the <br />contract and one year's guarantee, a bond in the amount of Five Thousand <br />Dollars, and <br />WHEREAS, an agreement has been reached between the Board <br />of County Commissioners of Indian River County and Billy J. McCullers, <br />President of McCullers Well Drilling, Incorporated, and Mrs. James <br />Ada McCullers, for the deposit of Five Thousand Dollars in Savings <br />Account Certificate No. 3483 in the First Federal Savings & Loan <br />Association of Indian River County, <br />NOW, THEREFORE, BE IT RESOLVED by the Board of County <br />Commissioners of Indian River County that Richard P. Bogosian, <br />Chairman, is authorized to sign the signature card on behalf of Indian <br />River County, and <br />BE IT FURTHER RESOLVED that, in the event said ten inch <br />artesian well is constructed in accordance with county specifications <br />and is maintained for a period of one year, Richard P. Bogosian is <br />authorized to sign a withdrawal slip and the Five Thousand Dollars is to <br />be returned to Billy J. McCullers and Mrs. James Ada McCullers. <br />