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<br />that r
<br />S L � 1.i �'l 9 t*� � W e a�L > �' • 'I � T � i �� �Y � (MI�Z'1R � �•i}� r~ '! i�t 9 - �\ b f. a57f +`1. �� i R � l e
<br />Section 1. That this Board has ascertained and determined and does; hereby declare
<br />(a) The Board of County Commissioners thereinafter sometimes referred --,to as said
<br />vBoard"), of the County of:Tadian Rives (hereinafter sometimes referred' -to as said "County'),
<br />State of Florida-, as the governing authority of said County, is authorized, under and by virtue
<br />of the General Refunding Aot ©f 1931# same. beingChapter 1507729 General laws cif Florida, Acts
<br />of 1931, to issue bonds of said- County -for the purpose off. reAm4i any or ail outstanding bond
<br />dd indebtedness of said Cotanty# Whether t)ie indebtedness to be refunded has matured or is ma-
<br />ture -hereafter.
<br />(b) Before the creation of said County of Indian River,, there were duly authorized a
<br />and issued by Ste Lucie County, F1orid®'ttegotiable coupon bonds, time warrants, and negotiable
<br />notes for t#e purpose. of raising- fandw-for the construction of, roads and bridgesin said Bt.
<br />Lucie County as it then ex.sted, for the payment, of which the full faith and credit of and a
<br />tax upon the entire taxable property within said St. Lucie County as it then existed are pledg-I
<br />ed, said bonds, tires Warrants, and negotiable notes having been issued under and by virtue ofl
<br />the Constitution and statutes of the State of Florida, in such case made and provided, in the
<br />following amountsI
<br />Date of.Issue
<br />�Ju.ne 1,.1910
<br />iJ n e 1, 1914
<br />March 10 1917
<br />Ju1y1' 1918--
<br />March
<br />91 =March 19 1919
<br />February 1, 1920
<br />J U l y 19 1922
<br />August 191953
<br />August 1501924
<br />October 1,1924
<br />February 20 , 1925
<br />Designation
<br />I�IPiI! IIY
<br />Ste Lucia -County, Florida,
<br />"- , Road ' and Dock Bonds
<br />"Public Road and Bridge Time Wts,
<br />Iftblid Rde& Brdg• Time Warrants
<br />"Pablie Rd*& Brdg, Time Warrants
<br />"Public Rd. &Brdg, Time Warrants
<br />"Public Highway Bonds
<br />OPublic Rd.& Brdge Time *arrants
<br />r "'Rd. & Brdg#Nesotiable Notes
<br />' Rd. & Brdg. negotiable Rotes
<br />'" & Brdg„ Negotiable Notes(b)
<br />Rd.& Brdg, Negotiable Notes
<br />Authorized Original.
<br />,Amount of Issue
<br />200,04,00"
<br />28,E 000.00 �
<br />25,®00900"
<br />35.000.04 h
<br />35#000.00-,\
<br />8509000.00"
<br />50#000#00-\
<br />-50 000, 00 �
<br />600 000„00,\
<br />15, 000.00°
<br />,R4r000.00
<br />(a) At the time of the creation of said County of Indian River out of a portion of
<br />St* Lucie County, Chapter 10,1488Geaaeral, haws of Florida, - Acts of 1925, provided for the as-
<br />sumption by said Indian River County of a ratable portion of the indebtedness then owed by Bt,
<br />Lucie County, in accordance 'with -the provisions of- Section 3, Article-'UITi of the ConStitUtionill
<br />j of the State of Florida* -Pursuant to the sai ld Constitutional and; statutory- requirements, an a-
<br />greement was entered into August 4, 1925, between the board of County Commissioners of at. Lucie
<br />;;County and the Board.of County Comissioners of Indian River County, duly recorded in the Min -'i
<br />i
<br />!ute Books of the said respective Boards, wherein it was determined and agreed that said Indian
<br />;River County Was liable for enc shouldpay to St. Lucie County its ratable portion, designated ;
<br />as 43.4 per cente of the indebtedness of St. Luoie County, Which ' said indebtedness, to the ea -
<br />tent herein in this resolution considered, csonsisted of the then: outstanding portions of the
<br />fourth to eleventh items, both inclusive, in the schedule of bond issues appearing at the end
<br />of Paragraph (b) of thSe Sectioa, and the residue of the first three items listed in said sehe-`
<br />duie after allowing for -the prior assumption by Okeechobee County (which was,oreated in the
<br />i
<br />year 1919 out of a portion of Ste Lucie County), of its pro -rata part thereof, The said agree-
<br />ment further provided that said Indian River County should levy a -tax each year on all taxable
<br />property In said County in an amount sufficient to pay off and discharge..in the designated pro-
<br />portion its pro -rata part of said St. Lucie County indebtedness identified, together with iA,,
<br />terest thereon, as the same become due, and to pay over said sume to St.-Lucle County from
<br />year to year, until the final payment and discharge of all of said indebtednessr The exact a6ao
<br />mounts and maturity dates of the ratable portion of St. Lucie County indebtedness so assumed, by
<br />0
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