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5�1 STATES TO AID BY WAY UF LOAM Ain) GRANT IN FINAFICING THE CONSTRUCTION OF A TWO 'STORY COURT HOUSE BY INDIAN RIVER COUJITY" 9 was proposed by R. X. Mudge, and read -in fulls A 10SOLUTION ACCEPTING TIM 0107SR OF TH33 UNITED STATES TO INDIAN RIVER COUNTY, FLORIDA, TO All) BY WAY- OF LOAN AND GRANT IN EINANc- IM THE 001MRUCTION OF A TWO STORY COURT HOUSE. BE IT RESOLVES by the Board of County Commissioners of Indian River County,Florida, Section 1. That the offer of the United States -of America to Indian fiver County, Florida to aid by way of loan and grant in financing the construction of a' two story Court HOUSe, a copy of which offer resects --as followss FEDERAL AMUENUT ADXI=T1'RATION - . OF PUBLIC WORKSw' ashingtont D. Co Aug 24, 1935. PVA Docket iso. 4020. Indian River County, s Ve ro; B each, Florida. , 1. Subject to the Rules and Regulations (PWA No= No. 166, July 22, 1935) which are made a part hereof, the United states of America hereby offers to aid in financing the construction and equipment of a two story Court House (herein celled the "projectlo) by making a to Indian River County, in the rorty (45) grant mount of -five per centum of the cost of the Project upon completion as determined by the Federal Emergency .Administrator of Public Works, but not to exceed, in any event, the sum of V319500. and by purchasing, at the principal amount thereof plus accrued interest thereon, trams Indian River County obligations of the description set forth below- (or such other des- y oription as shall be mutually satisfactory) in the ,aggregate principal amount of *381,500. i lass such amount of such obligations, if any, as Indian River County may, with the con- sent of the Federal Emergency Administrator of Public forks, sell to purchasers other than the United :States of Americas (a. Obligors Indican River County. (b Types Negotiable general obligation ooupon--bond. - (C Denomination: (1040 and one at *500. (d Date: September 1, 1935. ry (e Interest rate and interest payment datess per annum payable semi-annually l Burch 1, and September 1, of each year. (f) Place of payments At the office of the County Treasurer of Indian River County, Florida, or at the option of the holder at a bank or trust Company in New York, N.Y. Registration priv3loges; Registeroble as to �principal*Wqi 1 Maturities; 8500 September 1, 1939; 81400. September 1' 1938-1939 inclusive; $2000 S®ptember 1, 1944-1951 inclusive; and $3O00 September 19 1952.x1955 Inclusivo, l (i) Securit7j Payable am to both principal and interest from -ad valorem taxes icl may be levied without limit as to rate or amount upon all the taxable property within the territorial limits of Indian River County. 2. This offerisconditioned upon v I (a) The bonds being validated by a decree of the Circuit Court for Indian River III County and 'I (b) The applicant cancelling all authorized but unissued bonds- of this issue upon completion of the Project. j UNIT STATES OF AFRICA Federal Emergency— Administrator of Public 'Works. By Horatio B. Hackett, Assistant Administrator* be and the same is hereby in all respects accepted. SECTION -2. Thea said Board of County Commissioners of Indian River County,Flo.rida, agrees to abide by all the rules and regulations relating to such loan and grant a dopy of which rules and regulations were annexed to the Government's offer and made a part hereof. SECTION 3.9That the clerk of the Circuit Court of Indian River County, Florida, be and he is hereby authorized and directed forthwith to send to the Federal Emergency Administration of Public Works three certified copies of this Resolution and three cer tified copies of the proceedings of this Board of county Commissioners of Indian River ,