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1978-089
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1978-089
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Last modified
2/9/2023 2:48:13 PM
Creation date
2/9/2023 2:47:55 PM
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Resolutions
Resolution Number
1978-089
Approved Date
12/06/1978
Subject
Authorizing 5 Promissory Notes (Mid-Florida Interim Financing), Opiniorn, Arbitrage Certificate, etc
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64 M SECTION 4. AUTHORIZATION OF NOTES. For the purpose of <br />advancing funds to finance the cost of the Project, there are hereby <br />• authorized to be issued Revenue and General Obligation Notes of <br />the County (herein called "Notes"), in the aggregate principal <br />• amount of not exceeding Two Hundred Thirty -Five Thousand Dollars <br />($235,000). The Notes shall be dated December 14, 1978, numbered <br />1 to 5, inclusive, Notes numbers 1 to 4, inclusive, to be in the <br />denomination of. $50,000 each and No. 5 for $35,000. Said Notes <br />shall mature on December 13, 1979 and shall bear interest, payable <br />at maturity, at the rate of six and forty hundredths per centum <br />(6.40%) per annum. Such Notes shall be payable as to principal <br />and interest in lawful money of the United States of America at <br />The Chase Manhattan Bank, N.A., New Yor.b:, New York and shall be <br />payable to bearer unless reuistered as hereinafter provided. <br />SECTION 5. SALE OF NOTF:s. The Notes are hereby awarded <br />and sold at private sale, at tt3e price nf par plus accrued interest, <br />if any, to thr� date of delivery, t -t :*il1ia..4 R. fiough & Co., <br />St. Petersburg, Florida. <br />The Chairman of th-I Pu,ird of County Cn-.-issioners is <br />hero!by authorized to receive the c;urct,ase pricr� o` sairi ::ores and <br />to q,ply the proceeds thereof wi'_:,-_)ut further aet`'rrnrity from this <br />Board. <br />SWC, IOt.' 6. C6,t..';. rs. .TOTES. The totes shall be <br />executed in the r.a..,_ the {C- _n , :;y the C:^.,__.. an of the Bond <br />Of Count%, anci c'D_ntersigned c.:.. atte=t.ed h7 the Clerk <br />of th'= Board, anC` .'..t.' corpcfate seal %= P_ acy..'_T'�.:.le =.'le reoJ shall <br />be affixed thereto r,, _ -:produced thereon. ..hs� _,:cs; ' le <br />,�.� signatures <br />of the Chairman or t1lie Clerk may be i_mpr nt-d riZ on the <br />Notes, provided that at lfeast one signaturga recu_red to placed <br />thereon shall be manually subscribed, in case any officer whose <br />signature shall appear on any of the Notes shall cease _o be such <br />officer before the delivery of such Notes, such signature or facsimile <br />shall nevertheless be valid and sufficient for all purposes the same <br />as if lie had remained in office until such delivery. The Motes may <br />be signed and sealed on behalf of the County by such pe -son who at <br />-2- <br />
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