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1982-123
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3/17/2023 3:20:04 PM
Creation date
3/17/2023 3:19:51 PM
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Resolutions
Resolution Number
1982-123
Approved Date
11/17/1982
Subject
Providing for the issuance of bonds, not to exceed $5,000 for the acquisition of Beachfront Lands
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places to be determined by the County prior to the delivery of the <br />Bonds; shall be payable in lawful money of the United States of <br />America; and shall bear interest from their date, payable by mail to <br />the registered owner at his address as it appears on the registra- <br />tion books. <br />SECTION 6. EXECUTION OF BONDS. The Bonds shall lbc EXE- <br />cuted in the name of the County by the Chairman of the Board and <br />countersigned by its Clerk of the Board, and its corporate seal or a <br />facsimile thereof shall be affixed thereto or reproduced thereon. <br />The facsimile signatures of the Chairman or the Clerk of the Board <br />may be imprinted or reproduced on the Bonds; provided, that at least <br />one signature required to be placed thereon shall be manually sub- <br />scribed. In case any officer who shall have signed or sealed any of <br />the Bonds shall cease to be such officer of the Board before the <br />Bonds so signed and sealed shall h&ve been actually sold and <br />delivered, such Bonds may nevertheless be sold and delivered, as <br />herein provided, and may be issued as if the person who signed or <br />sealed such Bonds had not ceased to hold such office. The Bonds may <br />be signed and sealed on behalf of the County by such person who at <br />the actual time of the execution of such Bonds shall hold the proper <br />office in the County, although at the date of such Bonds such person <br />may not have been so authorized. <br />SECTION 7. NEGOTIABILITY AND EXCHANGEABILITY. The Bonds <br />issued hereunder shall be, and shall have all of the qualities and <br />incidents of negotiable instruments under the law merchant and the <br />laws of the State of Florida, and each successive holder, in accept- <br />ing any of said Bonds, shall be conclusively deemed to have agreed <br />that such Bonds shall be and have all of the qualities and incidents <br />of negotiable instruments under the law merchant and the laws of the <br />State of Florida. <br />The County hereby covenants and agrees, so long as any of <br />the Bonds are outstanding, to retain and maintain a Bond Registrar <br />having appropriate registration books for the purpose of registering <br />and transferring the registration of any Bonds as in this section <br />-3- <br />BOOK 5? PnE I A:5 <br />
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