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Last modified
2/16/2023 11:01:01 AM
Creation date
2/16/2023 11:00:02 AM
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Resolutions
Resolution Number
1979-001
Approved Date
01/04/1979
Resolution Type
W & S Revenue Bonds
Subject
Authorizing issuance of $236,000 W & S Revenue Bonds
to finance Gifford Systms Expansion & Authorized Attorney
to file Bond Validation Suit
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incur. All Bonds so surrendered shall be cancelled by the Clerk, <br />If any such Bonds shall have matured or be about to mature, instead <br />of issuing a substitute Bond the Issuer may pay the same, upon <br />being indemnified as aforesaid, and if such Bond be lost, stolen or <br />destroyed, without surrender thereof. <br />Any such duplicate Bonds issued pursuant to this section <br />shall constitute original, additional contractual obligations on <br />the part of the Issuer whether or not the lost, stolen or destroyed <br />Bonds be at any time found by anyone, and such duplicate Bonds <br />shall be entitled to equal and proportionate benefits and rights as <br />to lien on and source and security for payment from the Pledged <br />Funds to the same extent as all other Bonds issued hereunder. <br />2.08 Form of Bonds. The text of the Bonds shall be in <br />substantially the following form, with only such omissions, inser- <br />tions and variations as may be necessary and/or desirable and <br />approved by the Chairman or the Clerk prior to the issuance thereof <br />(which necessity and/or desirability and approval shall be presumed <br />by such officer's execution of the Bonds and the Issuer's delivery <br />of the Bonds to the Government or other purchaser thereof): <br />No. <br />UNITED STATES OF AMERICA <br />STATE OF FLORIDA <br />COUNTY OF INDIAN RIVER <br />WATER AND SEWER REVENUE BOND <br />SECOND SERIES 1979 <br />KNOW ALL MEN BY THESE PRESENTS, that Indian River County, <br />a political subdivision of the State of Florida (the "Issuer"), for <br />value received, hereby promises to pay to the bearer, or if this <br />Bond be registered to the registered holder as herein provided, on <br />the first day of September, 19,, from the special. funds <br />hereinafter mentioned, the principal sum of <br />THOUSAND DOLLARS <br />and to pay interest thereon, from the date of the delivery of this <br />Bond to the purchaser thereof, solely from said special funds, at <br />the rate of five per centum (58) per annum, payable on September 1, <br />1979 and annually thereafter on the first day of September of each <br />year upon the presentation and surrender of the annexed coupons -s <br />2:Z <br />
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