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f • RESOLUTION NO. 83-27 A RESOLUTION FIXING THE FORM OF COUPON BOND AND PROVISIONS FOR EXECUTION, NEGOTIABILITY AND REGISTRATION OF $5,000,000 GENERAL OBLIGATION • BONDS OF INDIAN RIVER COUNTY, FLORIDA; FIXING THE DATE AND MATURITIES OF SAID BONDS, AUTHO- RIZED BY RESOLUTION ADOPTED NOVEMBER 17, 1982, AUTHORIZING SALE AND DIRECTING PUBLICATION OF NOTICE OF SALE FOR SAID BONDS AND PREPARATION OF PPF.T.TMTMhV ^FFICI::L STATEMENT ilio ncv:v'. WHEREAS, by resolution adopted by the Board of County Commissioners (the "Board") of the County of Indian River, Florida, on November 17, 1982 (the "Authorizing Resolution"), the County authorized the issuance of $5,000,000 General Obligation Bonds (herein called "Bonds"), to provide for financing the cost of the acquisition of beachfront land on the Atlantic Ocean in the County; and WHEREAS, said Bonds have been alidated by a judgment of the Circuit Court for Indian River County, and the time for taking an appeal from said judgment has expired; and WHEREAS, the Board deems it in the best interest of the County to sell said Bonds; and WHEREAS, the Authorizing Resolution provided for the Bonds to be issued in fully registered form unless the provisions of Public Law 97-248 (Tax Equity and Fiscal Responsibility Act of 1982) were amended to change the effective date of Section 310 thereof from December 31, 1982, to a later date, in which event the Bonds could be issued as coupon Bonds, in the discretion of the Board; and WHEREAS, the effective date of said Section 310 of said Tax Act was subsequently changed to June 30, 1983, and the Board has determined that it is advisable to issue said Bonds as unre- gistered coupon Bonds, registrable as to principal only; and WHEREAS, it is necessary to fix the form of such coupon Bonds and the provisions for negotiability and registration thereof, as required by Section 8 of the Authorizing Resolution and to restate the provisions for lost, stolen or destroyed Bonds; and -1-