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1982-063
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1982-063
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Last modified
3/13/2023 1:55:05 PM
Creation date
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Resolutions
Resolution Number
1982-063
Approved Date
07/07/1982
Subject
Authorizing the issuance of not exceeding $7,000,000 water & sewer revenue bonds
Series 1982A with changes as noted by the County Attorney, Pledging gross revenues
of such system, to secure payments
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Bond with all unmatured coupons of like tenor as the Bond and <br />attached coupons so mutilated, destroyed, stolen or lost, in <br />exchange and substitution for such mutilated Bond, upon surrender <br />and cancellation of such mutilated Bond, and attached coupons, if <br />any, or in lieu of and substitution for the Bond and attached <br />coupons, if any, destroyed, stolen or lost, and upon the holder <br />furnishing the Issuer satisfactory indemnity and complying with <br />such other reasonable regulations and conditions as the Issuer <br />may prescribe and paying such expenses as the Issuer may incur_. <br />All Bonds and coupons so surrendered shall be cancelled by the <br />Clerk. If any such Bonds or coupons shall have matured or be <br />about to mature, instead of issuing a substitute Bond or coupon, <br />the Issuer may pay the same, upon being indemnified as aforesaid, <br />and if such Bond or coupon be lost, stolen or destroyed, without <br />surrender thereof. <br />Any such duplicate Bonds and coupons issued pursuant to <br />this section shall constitute original, additional contractual <br />obligations on the part of the Issuer whether or not the lost, <br />stolen or destroyed Bonds or coupons be at any time found by <br />anyone, and such duplicate Bonds and coupons shall be entitled to <br />equal and proportionate benefits and rights as to lien on and <br />source and security for payment from the Pledged Funds to the <br />same extent as all other Bonds and coupons issued hereunder. <br />2.07 Form of Bonds. The text of the Bonds and coupons <br />shall be in substantially the following forms, with only such <br />omissions; insertions and variations as may be necessary and/or <br />desirable and approved by the Chairman or the Clerk prior to the <br />issuance thereof (which necessity and/or desirability and ap- <br />proval shall be presumed by such officer's execution of the Bonds <br />and the Issuer's delivery of the Bonds to the purchaser thereof): <br />No. <br />(FORM OF BOND) <br />UNITED STATES OF AMERICA <br />STATE OF FLORIDA <br />COUNTY OF INDIAN RIVER <br />WATER AND SEWER REVENUE BOND, SERIES 1982A <br />$5,000 <br />KNOW ALL MEN BY THESE PRESENTS, that the County of <br />Indian River, Florida, a public body created and existing under <br />and by virtue of the laws of the State of Florida (the "Issuer"), <br />for value received, hereby promises to pay to the bearer, or, if <br />this Bond be registered, to the registered holder as herein <br />provided, on the first day of_ I , from the special <br />funds hereinafter mentioned, the principal. 'sum of <br />-7- <br />
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