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• <br />D38766 <br />•• . <br />THE REST OF TEIS <br />MENT WILL <br />INDIAN RIVER COUNTY, FLORIDA INCL ED AS A BE <br />Water and Sewer Revenue Bonds, SEPARATE DOCUMENT <br />Series 1986, Anticipation Notes <br />NOTE PURCHASE AGREE <br />December 8. 1987 <br />Board of County Commissioners <br />Indian River County, Florida <br />1840 25th Street <br />Vero Beach, Florida 32960 <br />Ladies and Gentlemen: <br />A.C. Edwards & Sons', Inc,and Raymond James & <br />Associates, Inc. (the "Underwriters") hereby offer to enter into <br />this Note Purchase Agreement with you, Indian River County, <br />Florida (the "County"). for the purchase by the Underwriter$. and <br />sale by the County, of all (but not less than all) of the <br />Water and Sewer Revenue Bonds, Series 1986, Anticipation No es <br />(the "Notes"), which Notes shall be as described in Resolution <br />86-36, adopted by the County on June 18, 1986, as amended and <br />supplemented by Resolution 87- adopted by the County on <br />December 8, 1987 (collectively, the "Note Resolution"), and the <br />Official Statement, delivered in respect of the Notes, dated the <br />date of this Note Purchase Agreement (the "Official Statement"). <br />Upon acceptance by the County not later than 5:00 p.m., New York <br />time, on the date hereof, this Note Purchase Agreement shall be <br />in full force and effect and shall bind the County and the <br />Underwriters in accordance with its terms. <br />The Notes are being issued in an a <br />amount of $9,200.000 in anticipation of the receiptebyrtheiCoal <br />unty <br />of the proceeds from the sale of its $9.200,000 Plater and Sewer <br />Revenue Bonds, Series 1986 (the "Bonds" or "Series 1986 Bonds") <br />to be issued pursuant to Resolution 86-35 adopted by the County <br />on June 18, 1986, as amended and supplemented (the "Bond <br />Resolution") and as an additional series of bonds authorized <br />pursuant to Resolution 82-61, adopted by the County on July 7. <br />1982. as amended and supplemented (the "Original Resolution"). <br />The Note Resolution, the Original Resolution and the <br />Bond Resolution are collectively referred to herein as the <br />"Resolutions." The Notes are limited obligations of the County, <br />with principal payable solely from and secured solely by a prior <br />lien upon and pledge of the proceeds derived from the sale of the <br />Series 1986 Bonds or the sale of other bond anticipation notes <br />Ex-Hiai7 "R It <br />