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RESOLUTION NO. $2-61 <br />RESOLUTION COMBINING ALL WATER AND/OR <br />SEWER SYSTEMS OF INDIAN RIVER COUNTY, <br />FLORIDA, INTO ONE INTEGRATED SYSTEM; <br />PLEDGING THE GROSS REVENUES OF SUCH <br />COMBINED SYSTEM TO SECURE PAYMENT OF <br />THE PRINCIPAL OF AND INTEREST ON .ALL <br />WATER AND/OR SEWER REVENUE OBLIGATIONS <br />OF THE COUNTY; REVISING CERTAIN COVENANTS <br />IN THE RESOLUTIONS AUTHORIZING THE <br />ISSUANCE OF ALL OUTSTANDING WATER AND/ <br />OR SEWER REVENUE OBLIGATIONS OF THE <br />COUNTY; AND PROVIDING FOR THE RIGHTS <br />OF THE HOLDERS OF SUCH OBLIGATIONS. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA, as follows: <br />ARTICLE I <br />GENERAL <br />1.01 Definitions. When used in this Instrument, the <br />following terms shall have the following meanings, unless the <br />text clearly otherwise requires: <br />"Amortization Installment," with respect to any <br />Terra Bonds of a series, shall mean an amount or amounts so <br />designated which is or are established for the Term Bonds of such <br />series, provided that the aggregate principal amount of such <br />installments and/or the aggregate principal amount of the Federal <br />Securities, hereinafter defined, purchased with such install- <br />ments, as the case may be, for each maturity of Term Bonds of <br />such series shall equal the aggregate principal amount of each <br />maturity of Term Bonds of such series delivered on original <br />issuance. <br />"Annual Budget" shall mean the Annual Budget adopted by <br />the Issuer pursuant to Section 3.04(A) of this Instrument. <br />"Board" shall mean the Board of County Commissioners of <br />the Issuer. <br />"Bonds" shall mean, collectively, the outstanding Water <br />and Sewer Revenue Bonds, Series 1979, dated August 30, 1979, and <br />Water and Sewer Revenue Bonds, Second Series 1979, dated May 21, <br />-1- <br />