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<br />of
<br />"A RESOLUTION AUTHORIZING THE ISSUANCE: OF NOT
<br />EXCEEDING $9,200,000 WATER AND SEWER REVENUE
<br />BONDS, SERIES 1986, ANTICIPATION NOTES OF
<br />INDIAN RIVER COUNTY, FI.ORIDA; PROVIDING FOR THE
<br />PAYMENT THEREOF AND THE SECURITY THEREFOR;
<br />PROVIDING FOR THE RIGHTS OF THE 1101.DERS OF
<br />SUCH NOTES; MAKING, CE:R'tAIN COVENANTS AND
<br />AGREEMENTS IN CONNECTION THEREWITH; PROVIDING
<br />FOR RELATED MATTERS; ANO PROVIDING AN
<br />EFFECTIVE: DATE."
<br />'I (hereinafter called the "Note Resolutlon").
<br />B. It Ls necaasary and desLcable to smr.nrl the Note
<br />Re soIittIon with regard to certain redemption provIIto It atppIIcab la
<br />to the Series 1736 Notes and to :SLIP plernnr the dote Re;o[utton by
<br />o%tali llshIng certnIn provI%Ions regarding, rite app ILeat[ on of the
<br />procr.ads of the Sar Les 1186 Notes, rhe appLIri,tIon of th,,
<br />Construction Fund with respect to tate SP rtes 1986 Notes, and the
<br />sat:inf;actIon , by the Cn trtr_y, of certatrt reclutrement con ta[tit, d In
<br />the Original Resolutlnrt and the E.oAn ComrnLt. ment
<br />:iEC'fION 4. Asandman _s. �-n pjo[.p_^rF;�.g_f ir:.Larl. Vhn 2tote
<br />Raanitttlon La hernbyr attended as follows:
<br />A. The form of Notq.c retrrenced In subsection B of
<br />S r t. IC, rl 6 of. the. Nota Reso Lut Lon, ar; appear Ing, on pages 12 through
<br />22, Iitr.lnwivP., of Ilia Notn Pe%,,Iittt ,it, [:': .tmende,I by deleting 1n
<br />ttt, vnt.iret.y the th[rcl ()r'(t) e:nripLere p.tr,t} r,tph e,n pare 11k thereof.
<br />A. S tInit H of the Note Rv. .nluttun, hcKtnntng an pAF,0
<br />2H €hnreof, is cuanndnd by t,, IM t.trig, , to It. enttrery, ttte, .mond
<br />(Ind) 1)4t1:AF,I'a1111 €ltarnLi be,giit it Iit jr wEtFt tit? words "The ierles 1986
<br />Notes Are subject", through and including rhe words. *pt tor to
<br />January I, 1988."
<br />C. Subsection C of Sect Lott 9 of the Note Roziolu€Ion is
<br />amended by Adcttng the. following subparagraph:
<br />"(v) ],niiin_C,,mmlttsent. Etc. 'fie County shall In good
<br />faith endeavor to comply with the tenni and conditions of the I.oan
<br />Commitment and SeCtlon 3.04(J) of Orlgtnal Resolutlon, as amended
<br />And supplemented, regarding the issuance of other oblip,ations , and
<br />shall exorcise its best efforts to issue the Series 1986 Bonds or
<br />to issue and sell other bond anticipation notes in order to have
<br />funds available from the issuance of such other obligations to pay
<br />the Series 1986 Notes and the interest thereon as the same shall
<br />become due. In the event that the Government for any reason does
<br />not purchase the Series 1986 Bonds, the County shall in good faith
<br />endeavor to otherwise issue and sell the Series 1986 Bonds or to
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