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National Bank, Jacksonville, Florida" to "Ex -Officio Clerk of the Board or such
<br />financial institution as may, from time to time, be appointed by the Board of the
<br />County"; and (B) adding the following definition immediately after definition K.
<br />"K(1). "Resolution" shall mean this resolution as amended and supplemented from
<br />time to time as permitted hereunder."
<br />4.20. Section 5, beginning on page 4, shall be modified by (A)
<br />inserting in the eleventh (11th) line of the first paragraph thereof, after the
<br />words "and shall bear interest", the words "prior to the 1988 Closing Date"; (B)
<br />inserting in the thirteenth (13th) line of the first paragraph thereof, after
<br />the word "installments", the words "applicable on and prior to the 1988 Closing
<br />Date"; and (C) adding after the first paragraph thereof, the following new
<br />paragraph:
<br />"From and including the 1988 Closing Date, the Bonds shall bear
<br />interest at the rate of 8.478 per annum, payable on May 1st of each year
<br />thereafter until maturity. The amortization installments applicable after the
<br />1988 Closing Date, in lieu of those applicable on and prior to the 1988 Closing
<br />Date, are hereby established for the Bonds as $47,777.78 each year, to and
<br />including the maturity date, and such Bonds, as will be selected by lot, shall be
<br />deemed to be due on May 1 of each year. In the event of any optional partial
<br />redemption of the Bonds, the remaining principal amortization installments, as
<br />specified above, shall be reduced proportionately, so as to maintain an
<br />amortization schedule providing full amortization with equal annual principal
<br />installments the last of which shall be due on May 1, 1997."
<br />4.30. Section 11, beginning on page 9, shall be amended by (A) adding,
<br />at the beginning of the second (2nd) paragraph thereof, before the word
<br />"principal", the words "On and prior to the 1988 Closing Date, pursuant to the
<br />provisions of Section 5 hereof", and (B) adding, at the end of the second (2nd)
<br />paragraph thereof, after the words "redemption price", the following:
<br />"After the 1988 Closing Date, pursuant to the provisions of Section 5
<br />hereof, Bonds or portions thereof, in an aggregate principal amount equal to that
<br />specified in Section 5 hereof, shall be redeemed on May 1st of each year, in
<br />accordance with Section 5 hereof, or shall be purchased in the open market at a
<br />price not to exceed such redemption price."
<br />4.40. Section 12, beginning on page 10, shall be modified by
<br />inserting, at the beginning of such Section, the words "Prior to the 1988 Closing
<br />Date", and inserting, at the end of such Section, the following:
<br />"On and after the 1988 Closing Date, the text of the Bonds, the
<br />validation certificate and the certificate of authentication thereon shall be in
<br />substantially the following form, with such omissions, insertions and variations
<br />as may be necessary and desirable and authorized or permitted by this resolution
<br />or any subsequent resolution adopted prior to the issuance thereof, or as may be
<br />necessary to comply with applicable laws, rules and regulations of the United
<br />States and the State of Florida in effect upon the issuance thereof:
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