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ga- RESOLUTION TRANSFERRING FONDS FROM KA111I+TER ACT TO INTEREST AND SINKING FOND OF WABASSO BRIDGE DISTRICT. adoption. Commissioner W. C. Graves, Jr., introduced the following Resolution and moved its W$EREAS, there have heretofore been issued Refunding Bonds (hereinafter identified as "said Refunding Bonds") for the purpose of refunding outstanding road and bridge bonded indebt- edness of this County, said Refunding Bonds being described as follows: Date of Issue Taxing Unit and Designation January 1, 1938 Wabasso -Bridge District Refunding Bonds. WHEREAS, semi-annual interest coupons will become due and payable, on said Refunding Bonds as follows: Taxing Unit Wabasso Bridge District. Coupon Maturity -Date July 1, 1940 WHEREAS, it is the desire of this Board to make funds available for the payment of said interest coupons on said Refunding Bonds: NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMMSSIONERS OF INDIAN RIVER COUNTY, FLORIDA, IN SESSION DULY ASSMMLED: Section 1. That the State Board of Administration, Tallahassee, Florida, be, and it hereby, requested, instructed, and directed to cause sufficient funds now, or hereafter, credi ed to the applicable Kenner Bill Account for the taxing units identified in the pre"bles hereto to be transferred from said applicable Kanner Bill Account to the applicable Interest and Sink - Ing Fund Account of the said Refunding Bond issues identified in the preambles hereto so that the funds in said applicable Interest_-and.Sinking Fund Account,_ making due allowance for funds already therein not heretofore earmarked for specific interest payments, will be the amounts set forth in the following tabulation; and after said transfer is made, said Board shall cause the said funds to applied to the payment of interest coupons on said Refunding Bonds as follows: Amount of Balance Coupon Taxing Unit after Transfer Astur, t Date Wabasso Bridge District $1540.00 July 19 1940. Section 20 That the Clerk of this Board be, and he is hereby, instructed anddirected (1) to furnish the State Board of Administration with a certificate in duplicate as to each taxing unit setting forth the Refunding Bonds issued since the date of the last certificate of similar nature executed by him; and (2) to hereafter execute similar certificates covering any exchanges made subsequent to the date hereof. Section 3. That, in addition to the amounts hereinabove provided to be transferred, the State Board of Administration is hereby authorized to transfer from the applicable Kanner Bill Account for the taxing units identified in the preambles hereof to the applicable Interest and Sinking Fund Account of the said Refunding Bond issues identified in the preambles hereof, either now or as funds become available from future collections, a sum of money sufficient to permit funds to be placed frith the Paying Agent for the said Refunding Bond issues to replace any funds heretofore sent to the Paying Agent to be applied in payment of interest on said Re- funding Bond issues but which have subsequently either been recalled because of peremptory writs of mandamus or impounded because of the service of alternative, writs of mandamus, said remittance to be made, at the option of the Board of Administration, either at this time or at such time,as any of such coupons are presented to the Paying Agent for payment; provided, how- ever, that .in the event the latter option is elected by the Board of Administration, the said Board is hereby requested to stake arrangements with the Paying Agent to be notified when any funds are needed for this purpose. 1 1 1 1