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RESOLUTION NO. 81-27 A RESOLUTION AMENDING RESOLUTION NO. 79-•1 DULY ADOPTED ON JANUARY 4, 1979, BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, ENTITLED: "RESOLUTION PROVIDING FOR THE ACQUISITION, CONSTRUCTION AND ERECTION OF' EX`T'ENSIONS -AND IMPROVEMENTS TO THE WATER AND SEWER SYSTEM OF INDIAN RIVER COUNTY_ FLORIDn; AUTHORIZING THE ISSUANCE BY THE COUNTY U F NOT EXCEEDING $236,000 WATER AND SEWER REVENUE BONDS, SECOND SERIES 1979; TO FINANCE A PART OF THE COST THEREOF; PLEDGING THE GROSS REVEedUES OF SAID SYSTEM, TO SFCURE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON THE BONDS; AND PROVIDING FOR THE RIGHTS OF THE HOLDERS OF THE BONDS." t: TO MORE PARTICULARLY DESCRIBE THE SYSTEM; AND PROVIDING AN EFFECTIVE DATE. BE IT RESOLVED BY THE BOiRD OF COUNTY COMMISSIONERS (hereinafter. called "Board") OF INDIAN RIVF_.R COUNTY, FLORIDA, that: SECTION I. AUTHORITY FOR THIS RESOLUTION. This resolu- tion is adoptec3 ni,r --a to C;. 159, Fia. Stat. (1979), and other applicable provisions of law. SECTION 2. FINDINGS. It is hereby ascertained, deter- mined and declared that: A. The Board heretofore duly adopted on January 4, 1979; Resolution; No. 79-1 entitled: "RESOLUTION PROVIDING FOR THE ACQUISITION, CONSTRUCTION AND ERECTION OF EXTENSIONS AND IMPROVEMENTS TO THE WATER AND SEWER SYSTEM OF INDIAN RIVER COUNTY, FLORIDA; AUTHORIZING THE ISSUANCE BY THE COUNTY OF NOT EXCEEDING $236,000 WATER AND SEWER REVENUE BONDS, SECOND SERIES 1979, TO FINANCE A PART OF THE COST THEREOF; PLEDGING THE GROSS REVENUES OF SUCH SYSTEM TO SECURE PAYMENT OF THE PRINCIPAL OF ANI) INTEREST ON THE BONDS; AND PROVIDING FOR THE RIGH'T'S OF THE HOLDERS OF THE BONDS." (hereinafter called "Resolution"). B. It is necessary and desirable to amend the Resolution to more particularly describe the System, as defined in the Resolution. SECTION 3. AMENDMENT TO RESOLUTION. The definition of