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1988-040
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1988-040
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9/6/2022 10:53:57 AM
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Resolutions
Resolution Number
1988-040
Approved Date
06/28/1988
Subject
Amend & supplement Resolution 84-48 - $2,050,000 improvement bonds, Series No. One
water distribution improvements to combined water & sewer system
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any member of Congress, or favorably reported for passage to either House of <br />Congress by any Committee of such House to which such legislation has been <br />referred for consideration, or (b) a decision shall have been rendered by a <br />court established under Article III of the Constitution of the United States or <br />the United States Tax Court, or (c) an order, ruling, regulation or <br />communication (including a press release) shall have been issued by the <br />Treasury Department of the United States, the Internal Revenue Service or the <br />Securities and Exchange Commission, or (d) any action shall have been taken or <br />statement made by or on behalf of the President of the United States or the <br />United States Department of Treasury or the Internal Revenue Service or any <br />member of the Congress, which indicates or implies that interest on the Bonds <br />will be declared taxable for federal income tax purposes to a greater extent <br />than is currently the case; (ii) there shall have occurred any outbreak of <br />hostilities or other national or international calamity or crisis, the effect <br />of such outbreak, calamity or crisis on the financial markets of the United <br />States of America being such as, in the opinion of the Purchaser, would make it <br />impracticable for the Purchaser to purchase the Bonds; or (iii) a general <br />banking moratorium shall have been declared by either federal or Florida <br />authorities having jurisdiction and shall be in force. <br />First Union National Bank of Florida <br />By:. !� . <br />`:Lesyie WiAy <br />Vice President <br />The Issuer approves and accepts and has duly authorized execution and <br />delivery of the foregoing agreement and, in witness whereof, has caused this <br />endorsement evidencing such acceptance to be executed on its behalf by its <br />undersigned Representative, this day of June, 1988. <br />Indian River County, Florida <br />By: <br />Title: <br />
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