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INDIAN RIVER COUNTY, FLORIDA RESOLUTION NO. 88-44 A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA PROVIDING FOR THE PURCHASE OF A SUBREGIONAL WATER TREATMENT AND DISTRIBUTION SYSTEM BY INDIAN RIVER COUNTY, FLORIDA; PROVIDING FOR THE ISSUANCE OF NOT EXCEEDING $4,000,000 WATER REVENUE BONDS, SERIES 1988, OF THE COUNTY TO PAY THE COST OF SAID SYSTEM; PROVIDING FOR THE RIGHTS OF THE REGISTERED OWNERS OF SAID BONDS; PROVIDING FOR THE PAYMENT THEREOF; MAKING CERTAIN OTHER COVENANTS AND AGREEMENTS IN CONNECTION WITH THE ISSUANCE OF SAID BONDS; AND PROVIDING AN EFFECTIVE DATE. BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: SECTION 1. AUTHORITY FOR THIS RESOLUTION. This resolution is adopted pursuant to Chapters 125 and 159, Florida Statutes (1987), and other applicable provisions of law. SECTION 2. DEFINITIONS. The following terms shall have the following meanings in this Resolution, unless the context otherwise clearly requires: A. "Act" shall mean Chapters 125 and 159, Florida Statutes (1987), and other applicable provisions of law. B. "Additional Parity Bonds" shall mean additional bonds issued in compliance with the terms, conditions and limitations contained herein which have an equal lien on the Pledged Funds, as herein defined, and rank equally in all respects with all other Bonds issued hereunder as to lien and security for payment. C. "Authorized Investments" shall mean those investments specified in Section 125.31, Florida Statutes (1987), as amended. D. "Board" shall mean the Board of County Commissioners of Indian River County, Florida. E. "Bonds" shall mean the Series 1988 Bonds together with any Additional Parity Bonds hereafter issued hereunder. F. "Bond Registrar" shall mean the Bond Registrar to be determined by subsequent resolution of the Board.