Laserfiche WebLink
WHEREAS, the County intends to negotiate the sale of the Bonds <br />as hereinafter provided with First Commerce Capital, a Division of <br />Morgan Keegan & Company, Inc. (the "Underwriter") pursuant to a <br />Bond Purchase Agreement which the County wishes to approve; and <br />WHEREAS, the County wishes to approve the appointment of a <br />Trustee, Tender Agent and Remarketing Agent with respect to the <br />Bonds; and <br />WHEREAS, the County now desires to provide for the form of <br />various of the foregoing documents to facilitate the issuance and <br />delivery of the Bonds. <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: <br />SECTION 1. There is hereby authorized and directed to be <br />issued the County's Industrial Development Revenue Bonds (Ocean <br />spray Cranberries, Inc. Project) Series 1997, in the aggregate <br />principal amount of $4,080,000. The Bonds shall be issued under <br />and secured by the Trust Indenture referred to below (the <br />"Indenture") which by reference is hereby incorporated in this <br />resolution as if set forth in full herein. The Bonds shall be <br />executed, authenticated and delivered by the officers of the County <br />authorized below in substantially the form set forth in the <br />Indenture in fully registered form. The Bonds shall be secured by <br />and be payable from the Trust Estate pledged for the Bonds pursuant <br />to the Indenture. <br />SECTION 2. The Indenture, in substantially the form <br />attached hereto as Exhibit "A", is hereby approved, and the <br />Chairman, Vice -Chairman or any other member of the Board are hereby <br />authorized and directed to execute and deliver, and the County <br />Clerk or any assistant Clerk is hereby authorized and directed to <br />attest the execution of, the Indenture on behalf of and in the name <br />of the County with such additional changes, insertions and <br />omissions therein including, but not limited to, the insertion of <br />rates, maturities and other details of the Bonds determined as <br />herein provided and as may be made prior to the delivery of the <br />Bonds, and as may be otherwise made and approved by the said <br />officers of the County executing the same, such execution to be <br />conclusive evidence of such approval. <br />AUGUST 19,1997 <br />BOOK ,®FAGE35 <br />33 <br />