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BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
<br />INDIAN RIVER COUNTY, FLORIDA (the "Board"), that:
<br />SECTION 1. AUTHORITY FOR RESOLUTION. This resolution
<br />is adopted pursuant to the provisions of Chapter 125, Florida
<br />Statutes, Indian River County Ordinance No. 77-19, duly enacted
<br />by the Board on August 3, 1977, as amended, and other applicable
<br />provisions of law.
<br />SECTION 2. DEFINITIONS. The following terms shall have
<br />the following meanings herein, unless the text otherwise
<br />expressly requires. Words importing singular number shall
<br />include the plural number in each case and vice versa, and words
<br />importing persons shall include firms and corporations.
<br />A. "Act" shall mean Chapter 125, Florida Statutes,
<br />Indian River County Ordinance No. 77-19, duly enacted by the
<br />Board on August 3, 1977, as amended, and other applicable provi-
<br />sions of law.
<br />B. "Additional Parity Obligations" shall mean addi-
<br />tional obligations issued in compliance with the terms, conditions
<br />and limitations contained in this resolution and which shall have
<br />an equal lien on the Pledged Funds.
<br />C. "Amortization Installment," with respect to any Term
<br />Bonds of a series, shall mean an amount or amounts so designated
<br />which is or are established for the Term Bonds of such series,
<br />provided that the aggregate of such Amortization Installments for
<br />each maturity of Term Bonds of such series shall equal the aggre-
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<br />RESOLUTION NO. 85_78
<br />®
<br />4
<br />A RESOLUTION PROVIDING FOR THE CONSTRUCTION
<br />AND EQUIPMENT OF A PUBLIC GOLF COURSE IN
<br />INDIAN RIVER COUNTY, FLORIDA; AUTHORIZING THE
<br />ISSUANCE OF NOT EXCEEDING $4,200,000
<br />RECREATIONAL REVENUE BONDS, SERIES 1985, TO
<br />FINANCE THE COST THEREOF; AND PROVIDING FOR
<br />THE PAYMENT OF THE PRINCIPAL OF AND INTEREST
<br />ON SUCH BONDS FROM THE NET REVENUES TO BE
<br />DERIVED FROM THE OPERATION OF THE GOLF COURSE,
<br />THE RACETRACK FUNDS AND JAI ALAI FRONTON FUNDS
<br />ACCRUING ANNUALLY TO INDIAN RIVER COUNTY,
<br />FLORIDA, PURSUANT TO LAW, AND CERTAIN
<br />S
<br />INVESTMENT INCOME.
<br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
<br />INDIAN RIVER COUNTY, FLORIDA (the "Board"), that:
<br />SECTION 1. AUTHORITY FOR RESOLUTION. This resolution
<br />is adopted pursuant to the provisions of Chapter 125, Florida
<br />Statutes, Indian River County Ordinance No. 77-19, duly enacted
<br />by the Board on August 3, 1977, as amended, and other applicable
<br />provisions of law.
<br />SECTION 2. DEFINITIONS. The following terms shall have
<br />the following meanings herein, unless the text otherwise
<br />expressly requires. Words importing singular number shall
<br />include the plural number in each case and vice versa, and words
<br />importing persons shall include firms and corporations.
<br />A. "Act" shall mean Chapter 125, Florida Statutes,
<br />Indian River County Ordinance No. 77-19, duly enacted by the
<br />Board on August 3, 1977, as amended, and other applicable provi-
<br />sions of law.
<br />B. "Additional Parity Obligations" shall mean addi-
<br />tional obligations issued in compliance with the terms, conditions
<br />and limitations contained in this resolution and which shall have
<br />an equal lien on the Pledged Funds.
<br />C. "Amortization Installment," with respect to any Term
<br />Bonds of a series, shall mean an amount or amounts so designated
<br />which is or are established for the Term Bonds of such series,
<br />provided that the aggregate of such Amortization Installments for
<br />each maturity of Term Bonds of such series shall equal the aggre-
<br />-1-
<br />
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