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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 />Oi <br />Bonds be at any time found by anyone and such duplicate Bonds shall <br />be entitled to equal and proportionate benefits and rights as to <br />lien, source and security for payment, pursuant to this Resolution <br />from the funds, as hereinafter pledged, to the same extent as all <br />other Bonds issued under this Resolution. <br />SECTION 13. PROVISIONS FOR REDEMPTION. The Bonds or any <br />portions thereof shall be subject to redemption prior to their <br />respective stated dates of maturity, at the option of the Issuer, <br />at such times and in such manner as shall be determined by sub- <br />sequent resolution adopted prior to the sale thereof. <br />Notice of such redemption shall, at least thirty (30) days <br />prior to the redemption date (i) be filed with the Bond Registrar <br />and paying agent, and (ii) be mailed, postage prepaid, to all <br />Registered Owners of Bonds to be redeemed at their addresses as <br />they appear of record on the books of the Bond Registrar as of <br />forty-five (45) days prior to the date fixed for redemption. <br />Interest shall cease to accrue on any Bond duly called for prior <br />redemption on the redemption date, if payment thereof has been duly <br />provided. The privilege of transfer or exchange of any of the <br />Bonds so called for redemption is suspended for a period commencing <br />15 days preceding the mailing of the notice of redemption and <br />ending on the date fixed for redemption. <br />SECTION 14. FORM OF BONDS. The text of the Bonds, <br />together with the Bond Registrar's Certificate of Authentication <br />and, if the Bonds are validated, the validation certificate to be <br />endorsed thereon, shall be substantially of the following tenor, <br />with such omissions, insertions and variations as may be necessary <br />and/or desirable and authorized or permitted by this Resolution or <br />any subsequent resolution adopted prior to the issuance thereof, or <br />as may be necessary if the Bonds or a portion thereof are issued as <br />Capital Appreciation Bonds or bear a variable rate of interest, or <br />as may be necessary to comply with applicable laws, rules and <br />regulations of the United States Government and the State of <br />Florida in effect upon the issuance thereof: <br />-16- <br />
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