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1985-036
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1985-036
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Last modified
4/27/2023 10:02:26 AM
Creation date
4/27/2023 10:01:58 AM
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Resolutions
Resolution Number
1985-036
Approved Date
03/20/1985
Subject
Authorizing issuance of not exceeding $5,165,000 Improvement Bonds, Series, #2 of IRC to finance the
Acquisition & Construction of certain sewage collection & treatment improvements
to the combined water & sewer system of the County
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SEE REVERSE SIDE FOR ADDITIONAL <br />PROVISIONS AND DEFINITIONS CUSIP: <br />do <br />No. <br />O <br />UNITED STATES OF AMERICA <br />STATE OF FLORIDA <br />INDIAN RIVER COUNTY <br />IMPROVEMENT BOND, SERIES NO. 2 <br />KNOW ALL MEN BY THESE PRESENTS, that Indian River <br />County, Florida (hereinafter called "County"), for value <br />received, hereby promises to pay to the order of _ <br />, or registered assignees, on January 1, <br />1996, solely from the special funds hereinafter mentioned, the <br />principal sum of <br />DOLLARS <br />upon the presentation and surrender hereof at the office of the <br />Clerk of the Board of County Commissioners of the County, paying <br />agent and bond registrar (hereinafter called "Bond Registrar"), <br />and to pay interest thereon from the date of this bond or from <br />the most recent interest payment date to which interest has been <br />paid, whichever is applicable, until payment of such sum, at the <br />rate of 10% per annum (subject to adjustment as provided below), <br />payable on January 1, 1986, and annually thereafter on the first <br />day of January of each year, by check or draft mailed to the <br />registered owner at his address as it appears on the registration <br />books on the fifteenth day of the month preceding the applicable <br />interest payment date. Both principal of and interest on this <br />bond are payable in lawful money of the United States of America. <br />If this bond is held by Florida National Rank, <br />Jacksonville, Florida (hereinafter called "Bank"), as the <br />registered owner hereof, and any changes occur in federal law or <br />in the laws of the State of Florida that result in an increase in <br />the tax liability of the Bank by virtue of it being the <br />registered owner of this bond, the interest rate per annum borne <br />by this bond shall, under the conditions specified in the <br />-12- <br />
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