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1986-035
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1986-035
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Last modified
5/10/2023 12:47:16 PM
Creation date
5/10/2023 12:46:45 PM
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Resolutions
Resolution Number
1986-035
Approved Date
06/18/1986
Subject
Providing for acquisition & construction of additions, extension & improvements to the combined
water & sewer system of IRC; authorizing the issuance by such county of not exceeding
$9,200,000 water & sewer revenue bonds
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40 <br />This Bond is subject to redemption prior to maturity, at the option of <br />the Issuer, as a whole, on any date, upon payment of the outstanding principal <br />amount hereof, together with accrued interest to the date fixed for redemption. <br />The Issuer, at its option, from time to time, on any interest payment <br />date, may redeem any part of the principal of this Bond by payment of the amount <br />selected for such redemption, together with accrued interest on the amount <br />selected for such redemption to the redemption date. Each partial redemption <br />shall be applied against the installments of principal last (by date) due and <br />payable and no partial redemption shall postpone or interrupt payments of future <br />amortized installments which shall continue to be due and payable until payment <br />hereof in full. <br />It is hereby certified and recited that all acts, conditions, and <br />things required to exist, to happen and to be performed precedent to and in the <br />issuance of this Bond, exist, have happened and have been performed, in regular <br />and due form and time as required by the laws and Constitution of the State of <br />Florida applicable thereto; and that the issuance of this Bond does not violate <br />any constitutional or statutory limitations or provisions. <br />This Bond is and has all the qualities and incidents of a negotiable <br />instrument under the laws of the State of Florida. <br />
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