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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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-18- <br />to finance the cost of refunding the County's outstanding Capital <br />® <br />Improvement Revenue Bonds, Series 1980, dated April 1, 1980, and <br />Capita]. Improvement Revenue Bonds, Series 1981, dated October 1, <br />1981, and the cost of constructing and acquiring certain capital <br />improvements in the County, under the authority of and in full <br />compliance with the Constitution and Statutes of the State of <br />Florida, including particularly Chapters 125 and 279, Florida <br />Statutes, County Home Rule Ordinance No. 77-19, enacted August 3, <br />•s <br />. <br />1977, as amended, and other applicable provisions of law, and a <br />Resolution duly adopted by the Hoard of County Commissioners on the <br />day of , 1985, as supplemented (hereinafter called the <br />"Resolution"), and is subject to all the terms and conditions of <br />such Resolution. <br />This bond and the interest thereon are payable solely from <br />and secured by a first lien upon and pledge of the proceeds of the <br />Sales Tax, as defined in the Resolution, received by the County and <br />the income from the investment of monies held in the funds and <br />accounts established by Section 17 of the Resolution, in the manner <br />provided in the Resolution. This bond does not constitute an <br />indebtedness of the County within the meaning of any constitutional <br />or statutory provision or limitation. <br />It is expressly agreed by the holder of this bond that <br />such holder shall never have the right to require or compel the <br />levy of ad valorem taxes for the payment of the principal of and <br />interest on this bond or for the making of any sinking fund or <br />other payment provided for in the Resolution. This bond and the <br />indebtedness evidenced thereby shall not constitute a lien upon any <br />property of or in the County, but shall constitute a lien only <br />upon the Revenues of the System, in the manner provided in said <br />Resolution. <br />(To be inserted where appropriate on face of bond: <br />"REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS BOND <br />SET FORTH ON THE REVERSE SIDE HEREOF, AND SUCH FURTHER PROVISIONS <br />SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH ON <br />-18- <br />
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