1983-125 - Laserfiche WebLink

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(a) The County is authorized to issue the 1983 Bonds pursuant to Chapter 159, Part II , Florida Statutes, and other applicable provisions of law (collectively , the "Let "). (b ) When delivered to and paid for by the Purchaser in accordance with the provisions of this Agreement, the 1983 Bonds will have been duly authorized, executed, authe n ticated and delivered; the 1983 Bonds will constitute valid and binding spe- cial obligations of the County payable solely and only from the revenues specified in the Resoluti0 1 and the Indenture and in conformity with, and e ntitled to the benefit and security of, t h e Resolution, the Indenture and the Loan Agreement; and this Agreement, the 1983 13onds, the Resolution, the Indenture, the Loan Agreement and all actions taken by the County in connection therewith shall be in conformity with the Act. (c ) The execution and delivery of this Agreement, the Resolution , the Indenture, the 1983 Bonds and the Loan Agreement, and compliance with the provisions her eof and thereof, will not conflict with or constitute a breach of or default under a ny agreement or other instrument to which the County is a party or any existing law, administrative regulations , court order or consent decree to which the County is subject. (d ) On the Closing Date, the Resolution s h all have been duly adopted and will be in full force and effect , and the Indenture and the Loan Agreement shall hav e been duly executed and delivered by the County and, assuming proper execution by the other parties thereto, will be in f ull force and effect. (e ) The County will cause the proceeds from the sale of the 1983 13onds to be deposited and applied for the purposes set forth in the Resolution, the Indenture and the Loan Agreement. (f ) There is no action , suit, proceeding or investiga- tion at law or in equity befor e or by any court, public board or body pending or threatened against or affecting the County wherein an unfavorable decision, ruling or finding would ad v er- sely affect the transactions cont e mplated by this Agreement or the validity of the 1983 Bonds, the Re solution, th e Indenture or the Loan Agreement. (g ) Except with respect to the acq ui sition a n d construction of the Project, no additional or further approval, consent or authorization of , or filing with, any governmental or public agency or authority not already obtained by the County is req ui red in connection with the issuance a n d sale of the 1983 Bonds or the ex ecution and performance of the obligations of the -3-