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1982-123
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Last modified
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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ICON 17 1992 <br />NO. <br />UNITED STATES OF AMERICA <br />STATE OF FLORIDA <br />COUNTY OF INDIAN RIVER <br />GENERAL OBLIGATION BOND <br />Boas t .501 <br />$5,000 <br />KNOW ALL MEN BY THESE PRESENTS, that Indian River <br />County, Florida (hereinafter referred to as "County"), for value <br />received, hereby promises to pay to or <br />r`gilatered assigns or legal representative, on the day of <br />, 19_, solely from the special funds hereinafter <br />mentioned, the principal sum of <br />FIVE THOUSAND DOLLARS <br />and to pay solely from such special funds interest thereon to the <br />registered owner hereof from , at the <br />rate of per centum (% ) ner <br />annum payable semiannually on 1 and 1 <br />of each year, by check or draft mailed to the registered owner at <br />his address as it appears on the registration books of the <br />Registrar hereinafter mentioned. Both principal of and interest <br />on this Bond are payable in lawful money of the United States of <br />America at the , or at the option of <br />the holder, at the <br />For the prompt payment of the principal of and interest on this <br />Bond as - the same shall become due, the full faith, credit -and - <br />taxing power of the County are hereby irrevocably pledged. <br />This Bond is one of an authorized issue of Bonds in the <br />aggregate principal amount of not exceeding $5,000,000, of like <br />date, tenor and effect, except as to number, interest rate (if all <br />bonds do not bear the same rate) and date of maturity, issued to <br />finance the cost of the acquisition of beachfront land on the <br />Atlantic Ocean in the County, for recreational purposes, under the <br />authority of and in full compliance with the Constitution and <br />Statutes of the State of Florida, particularly Chapter 125, <br />Florida Statutes, and other applicable provisions of law, and <br />pursuant to a resolution by the Board of County Commissioners <br />-8- <br />
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