1978-007 - Laserfiche WebLink

Home Browse Search

No. UNITED STATES OF AMERICA STATE OF FLORIDA COUNTY OF INDIAN RIVER WATER AND SEWER REVENUE BONDS, SERIES 1979 ANTICIPATION NOTE FOR VALUE RECEIVED, the County of Indian River, Florida (the "Issuer"), hereby promises to pay to the order of at its principal office in the city of Florida, on or before , 19�, solely from the special funds hereinafter mentioned, in lawful money of the United States of America, the principal sum of Dollars ($ ) and, quarterly from the date hereof, solely from such special funds, interest on such principal sum from the .date hereof at the rate of per centum ( $) per annum, until such principal sum shall be paid. This Note is issued pursuant to the Constitution and laws of the State of Florida, particularly Section 215.431, Florida Statutes (1975), and a resolution duly adopted by the Issuer on 1977 (the "Resolution"), in anticipation of the receipt by the Issuer of the proceeds from the sale of .not exceeding $402,500 principal amount of Water and Sewer Revenue Bonds, Series 1979, of the Issuer (the "Bonds"). This Note and the interest due thereon are payable solely from and secured by a prior lien upon and a pledge of the proceeds to be derived from the sale of the Bonds and, if necessary, from and secured by a prior lien upon and a pledge of the gross revenues to be derived from the operation of the Issuer's water and sewer system, all in the manner provided in the Resolution. This Note shall not constitute a general obligation of the Issuer, and the holder thereof shall never have the right to require or compel the exercise of the power of the Issuer to levy ad valorem taxes for the payment of the principal of and interest on this Note. It is hereby certified, recited and declared that all acts, conditions and things required to exist, to happen and to be performed precedent to and in connection with the issuance -3-