1984-048 - Laserfiche WebLink

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Of the United States of America or obligations the principal of and interest on which are fully guaranteed by the United States of America, none of which permit redemption prior to maturity at the option of the obligor. H. "Fiscal Year" shall mean the period beginning with and including October 1st of each year and ending with and including the next September 30th. I. "Project" shall mean the improvements to the com- bined water and sewer system of the County consisting of the assessable portion of the water transmission line abutting State Road 60 in the unincorporated area of the County, to be acquired and constructed with the proceeds of the sale of the Bonds. J. "Record Date" shall mean the: 15th day of the month immediately preceding an interest payment date for the Bonds. K. "Registered Owner" shall mean any person who shall be the owner of any outstanding Bond or Bonds as shown on the books of the County maintained by the Bond Registrar. L. Words importing the singular number shall include the plural number in each case and vice versa, and words importing persons shall include firms and corporations. SECTION 3. FINDINGS AND DETERMINATIONS. It is hereby found and determined as follows: A. It has heretofore been determined that it is necessary and desirable to acquire and construct the Project. B. The cost of the acquisition and construction of the Project will be paid by the issuance and delivery of the Bonds herein authorized. Such cost shall include the amount required to capitalize interest on the Bonds from their date of delivery to May 1, 1986, and such other costs as are specified in Section 170.03, Florida Statutes (1983). The reiaining portion of the cost of the acquisition and construci.ion of such water transmission line described in Section 2J above, will be financed by $871,200 of the proceeds derived by the County from the sale of its $2,750,000 Water and Sewer Revenue Bonds, Series 1982, -2-