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r - 4D of gate principal amount of each maturity of Term Bonds of such series delivered on original issuance. D. "Authorized Investments" shall mean any of the following if and to the extent the same are at the time legal for investment of county funds; (1) direct obligations of or obliga- tions unconditionally guaranteed by the United States of America; (2) time deposits represented by certificates of deposit fully secured in the manner provided by the laws of the State of Florida; (3) repurchase agreements between the Issuer and "qualified public depositories," as defined in Chapter 280, Florida Statutes, or between the Issuer and any government bond dealer recognized as a primary dealer by the Federal Reserve Bank of New York, in each case having a capital and surplus or net capital of $100,000,000, which agreements are fully secured by obligations described in (1) above that have been physically delivered to a third party agent and are held in the name of the Issuer; or (4) any other investments specified by Section 125.31, Florida Statutes. E. "Board" shall mean the Board of County Commissioners of Indian River County, Florida. F. "Bond Registrar" shall mean a bank or trust company, located within or without the State of Florida, which shall main- tain the registration books of the Issuer and which shall be responsible for the transfer and exchange of the Bonds. G. "Bonds" shall mean the Recreational Revenue Bonds, Series 1985, herein authorized to be issued, together with any Additional Parity Obligations. H. "Bond Service Requirement" for any Bond Year, as applied to the Bonds of any series, shall mean the sum of: (1) The amount required to pay the interest becoming due on the Bonds of such series during such Bond Year. (2) The amount required to pay the principal of Serial Bonds of such series maturing in such Bond Year. (3) The Amortization Installment for the Term Bonds of -2-