1986-036 - Laserfiche WebLink

Home Browse Search

issue and sell other bond anticipation notes, in order to have sufficient funds available to pay the Series 1986 Notes and the interest thereon as the same shall become due." D. Paragraph (iv) of Subsection C of Section 9 of the Note Resolution is amended to read as follows: "(iv) Non -Arbitrage and Tax Covenants. The County covenants with holders of the Series 1987 Notes that, -throughout the term of the Series 1987 Notes and for any required period thereafter it will make no use of the proceeds of the Series 1987 Notes that may cause the Series 1987 Notes to be or become "arbitrage bonds" within the meaning of Section 103(b)(2) and Section 148 of the Internal Revenue Code of 1986, as amended and supplemented (the "Code") and it will comply with all other requirements of applicable provisions of the Code, including, without limitation, the applicable provisions of Section 1.103-13, 1.103-14 and 1.103-15 of the applicable regulations heretofore published in the Federal Register and with the applicable provisions of other regulations hereafter to published." E. The definition of the term "Paying Agent" in Section 1 of the Note Resolution is amended to read as follows: " 'Paying Agent' means a bank in the State, authorized to act as registrar and paying agent." SECTION S. Supplements to Note Resolution The Note Resolution is hereby supplemented as follows: A. Section 1 of the Note Resolution, entitled "Definitions", is hereby supplemented by adding thereto the following: (i) " 'Consulting Engineers' shall mean Masteller and Moler Associates, Inc., Sebastian, Florida, the County's consulting engineers for the Project, or such other consulting engineers for the Project as the County may hereafter designate"• (ii) " 'Consulting Engineers' Representative' shall mean the person from time to time designated as such by written notice to the County signed by the president or any vice president of the Consulting Engineers"; and (iii) "Terms and phrases used herein which are not otherwise defined herein and which are defined in the Bond Enabling Resolution shall, for purposes hereof, have the meanings ascribed to them in the Bond Enabling Resolution." B. The Note Resolution is hereby supplemented to include the terms and provisions set forth hereinafter. 3