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1988-044
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1988-044
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9/6/2022 10:58:02 AM
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9/2/2022 10:40:33 AM
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Resolutions
Resolution Number
1988-044
Approved Date
08/02/1988
Subject
Provide for purchase of Subregional Water Treatment & Distribution System -
$4,000,000 Water Revenue Bonds, Series 1988
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thereon. The signatures of the Chairman and Ex -Officio Clerk may <br />be either manual or facsimile signatures. The certificate of <br />authentication of the Bond Registrar shall appear on the Bonds, and <br />no Bond shall be valid or obligatory for any purpose or be entitled <br />to any security or benefit under this Resolution unless such <br />certificate shall have been duly executed on such Bond. The <br />authorized signature for the Bond Registrar shall be either manual <br />or in facsimile; provided, however, that at least one of the <br />signatures, including that of the authorized signatory for the Bond <br />Registrar, appearing on the Bonds, shall at all times be a manual <br />signature. In case any one or more of the officers of the Board <br />who shall have signed or sealed any of the Bonds shall cease to be <br />such officer or officers of the Board before the Bonds so signed <br />and sealed shall have been actually sold and delivered, such Bonds <br />may nevertheless be sold and delivered as if the persons who signed <br />or sealed such Bonds had not ceased to hold such offices. Any <br />Bonds may be signed and sealed on behalf of the Board by such <br />person who at the actual time of the execution of such Bonds shall <br />hold the proper office, although at the date of such Bonds such <br />person may not have held such office or may not have been so <br />authorized. <br />The validation certificate on the Bonds, if any, shall be <br />executed with the manual or facsimile signature of the Chairman of <br />the Board. <br />SECTION 8. NEGOTIABILITY. The Bonds issued hereunder <br />shall be and shall have all of the qualities and incidents of <br />negotiable instruments under the laws of the State of Florida, and <br />each successive holder, in accepting any of the Bonds, shall be <br />conclusively deemed to have agreed that such Bonds shall be and <br />have all of the qualities and incidents of negotiable instruments <br />under the laws of the State of Florida. <br />SECTION 9. REGISTRATION. The Bond Registrar shall be <br />responsible for maintaining books for the registration, transfer <br />and exchange of the Bonds. <br />All Bonds presented for transfer, exchange, redemption or <br />payment (if so required by the Board or the Bond Registrar) shall <br />be accompanied by a written instrument or instruments of transfer <br />or authorization for exchange, in form and with guaranty of <br />signature satisfactory to the Board or the Bond Registrar, duly <br />executed by the Registered Owner or by his duly authorized <br />attorney. In the case of partial redemption of a Bond, and in lieu <br />of issuing a new Bond or Bonds in the aggregate principal amount <br />then outstanding on the Bond after such redemption, the County <br />may, at its option, instruct the bond Registrar to note on the Bond <br />the principal amount of such redemption, the date of redemption and <br />the outstanding principal amount of such Bond after such <br />redemption, and return the Bond to the Registered Owner. <br />5 <br />
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