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ed to forward certified copy of this resolution to the State Board of Administration, Tallahas-
<br />see, Florida, which certified copy shall constitute the authority of said Board to do and per-
<br />form the acts hereinabove directed.
<br />The motion for the adoption.of the resolution being duly seconded by Commissioner
<br />Tuckers it was declared adopted by the following vote:
<br />Ayes: Michael, Poole, Glover, Vickers and Helseth,
<br />Nayes: Hone.
<br />wits
<br />f RESOLUTION
<br />T
<br />Commissioner Helseth introduced the following resolution and moved its adoption, to -
<br />WHEREAS, this Board, as the governing authority of .Wabasso Bridge District in Indian.
<br />River County, Florida, has heretofore, by resolution duly and legally adopted, authorized and
<br />ordered the issuance of $80,000.00 Refunding Bonds of said District, bearing date of January 1,
<br />1938, for exchange for outstanding bonds of said District dated July 1, 1926, and unpaid inter-
<br />est
<br />nterest accruals thereon; and
<br />WHEREAS, the schedule of outstanding bonds of said District authorized to be refunded
<br />included certain bonds of said issue, in the principal amount of $8,000.00, heretofore purchas-
<br />ed as investments for the Interest and Sinking Fund Account of said District, and also included
<br />one of said bonds, in the amount of $1,000.00, subsequently acquired by said District through
<br />purchase with gasoline tax moneys under the provisions of the so-called Kanner Bill, and all of
<br />said particular original bonds in the aggregate principal amount of $9,000.O0, which are now
<br />held in the possession and custody of the State Board of Administration to the credit and for
<br />the benefit of said District, pursuant to the provisions of Chapter 14,486, Laws of Florida,
<br />1929, are subject to retirement and cancellation upon the request and approval of this Board.
<br />concurrence by the said State Board, said bonds being described as follows, to -wit:
<br />Bond Maturity
<br />MLJQers (January 1) Amount
<br />ldin interest and Sinking Fund
<br />-5 t- el -a. 1933 19000.00
<br />6 1934 19000.00
<br />9 1935 19000.00
<br />18 1940 19000.00
<br />22 1942 19,000.00
<br />25 1943 19000.00
<br />57, 58 1953 2,000,00
<br />Total Bonds in IBIS Fund .Account . . . . . . . . . . . x8,000.00
<br />Held in Kanner Bill Account
<br />38
<br />•�• s
<br />Aggregate total of bonds of said District
<br />now subject to cancellation . . . . . . . . . . . . * 99000.O0
<br />and retirement of said above described original bonds will permit cancellation of a correspond-
<br />ing amount of Refunding Bonds provided to be exchanged therefore; and
<br />WHEREAS, it is anticipated that, in the course of this refunding operation, addition-
<br />al bonds of said original issue and interest accruals thereon may be liquidated and not be ex-
<br />changed for bonds of said R#funding Bond issue, in which event it would become necessary to
<br />cancel Refunding Bonds in an amount equivalent to the amount of any such original bonds and in-
<br />terest accruals so retired; now, therefore,
<br />BE IT RESOLVED BY THE BOARD OF CoM TY CoMaSSIONERS OF INDIAN RIVER COUNTY, FLORIDA,
<br />IN SESSION DULY ASSEMBLED:
<br />Section 1. That the State Treasurer as ex -officio County Treasurer of the aforesaid
<br />County, be and he is hereby authorized and directed to -cancel and retire said $9,000.04 Nabasso
<br />Bridge District bonds, and.interest coupons appurtenant thereto, of the issue dated July 1, 192
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