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1985-075
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1985-075
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Last modified
5/1/2023 11:38:48 AM
Creation date
5/1/2023 11:38:06 AM
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Resolutions
Resolution Number
1985-075
Approved Date
07/10/1985
Subject
Authorizing the refunding of presently outstanding capital improvement revenue bonds,
Series 1980 & Series 1981 of the County, providing for the issuance of not exceeding $25,000,000
refunding & improvement revenue bonds, Series 1985
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40 <br />40 <br />of <br />Notwithstanding any other provisions of this section, the <br />Issuer may, at its option, prior to the date of issuance of any <br />Bonds, elect to use an immobilization system or pure book -entry <br />system with respect to issuance of the Bonds, provided adequate <br />records will be kept with respect to the ownership of Bonds issued <br />in book -entry form or the beneficial ownership of Bonds issued in <br />the name of a nominee. As long as any Bonds are outstanding in <br />book -entry form, the provisions of Sections 8, 11 and 12 of this <br />Resolution shall not be applicable to such book -entry Bonds. The <br />details of any alternative system of Bonds issuance, as described <br />in this paragraph, shall be set forth in a resolution of the <br />Issuer duly adopted at or prior to the sale of any of the Bonds. <br />SECTION 8. EXECUTION AND AUTHENTICATION OF BONDS. The <br />Bonds shall be executed in the name of the Issuer by the Chairman <br />of the Board of County Commissioners and attested by the Clerk of <br />said Board and its corporate seal or a facsimile thereof shall be <br />affixed thereto or reproduced thereon. The signatures of the <br />Chairman and the Clerk may be either manual or facsimile signatures <br />imprinted or reproduced on the Bonds. The Bond Registrar's <br />Certificate of Authentication shall appear on the Bonds, and no <br />Bond shall be valid or obligatory for any purpose or be entitled to <br />any security or benefit under this Resolution unless such certi- <br />ficate shall have been duly executed on such Bond. The authorized <br />signature for the Bond Registrar shall be either manual or in <br />facsimile; provided, however, that at least one of the signatures, <br />including that of the authorized signature for the Bond Registrar, <br />appearing on the Bonds shall at all times be a manual signature. <br />In case any one or more of the officers who shall have signed or <br />sealed any of the Bonds shall cease to be such officer of the <br />Issuer before the Bonds so signed and sealed shall have been <br />actually sold and delivered, such Bonds may nevertheless be sold <br />and delivered as herein provided and may be issued as if the person <br />who signed or sealed such Bonds had not ceased to hold such office. <br />Any Bonds may be signed and sealed on behalf of the Issuer by such <br />-12- <br />
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