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RESOLUTION NO. 79-116 <br />A RESOLUTION PROVIDING FOR THE RECONSTRUCTION, <br />ALTERATION, FURNISHING AND EQUIPPING OF A14 <br />ADMINISTRATION BUILDING, COURTHOUSE AND <br />ANNEXES IN INDIAN RIVER COUNTY, FLORIDA; <br />AUTHORIZING THE ISSUANCE OF NOT EXCEEDING <br />$4,350,000 CAPITAL IMPROVEMENT REVENUE BONDS <br />TO FINANCE THE COST THEREOF; AND PROVIDING FOR <br />THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON <br />SUCH BONDS FROM THE RACE TRACK FUNDS AND JAI ALAI <br />FRONTON FUNDS ACCRUING ANNUALLY TO INDIAN RIVER <br />COUNTY, FLORIDA, PURSUANT TO LAW. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA (hereinafter referred to as "Board"), <br />that: <br />SECTION 1. AUTHORITY FOR RESOLUTION. This resolution' <br />is adopted pursuant to the provisions of Chapter 125, Florida <br />Statutes, Indian River County Ordinance No. 77-19 enacted August <br />3, 1977, and effective August 9, 1977, and other applicable provi- <br />sions of law. <br />SECTION 2. DEFINITIONS. The following terms shall have <br />the following meanings herein, unless the text otherwise expressly <br />requires. words importing singular number shall include the <br />plural number in each case and vice versa, and words importing <br />persons shall include firms and corporations. <br />A. "Issuer" or "County" shall mean Indian River County, <br />Florida. <br />B. "Board" shall mean the Board of County Commissioners <br />of Indian River County, Florida. <br />C. "Act" shall mean Chapter 125, Florida Statutes, <br />Indian River County Ordinance No. 77-19, enacted August 3, 1977, <br />and effective August 9, 1977, and other applicable provisions of <br />law. <br />D. "Resolution" shall mean this resolution. <br />E. "Obligations" shall mean the Capital improvement <br />Revenue Bonds, Series 1980, herein authorized to be issued. <br />F. "Serial Obligations" shall mean any Obligations for <br />the payment of the principal of which, at the maturity thereof, <br />-1- <br />