6/4/1940 - Laserfiche WebLink

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462 hereby, requested, instructed, and directed to cause.suffioient funds now, or hereafter, credit- ed to the applicable Kanner Bill Account for the taxing units identified in the preambles here- to to be transferred from said applicable Kanner Bill Account to the applicable Interest and Sinking 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 s cause the said funds to be applied to the payment of interest coup,ons on said Refunding Bonds as follows: Amount of Balance Coupon Taxing Unit after Transfer Maturity Date Special Road & Bridge District No. 4 $89700 July 19 1940 Section 29.That the Clerk of this Board be, and he is hereby, instructed and directed (1) to furnish the State Board of Administration with a certificate in duplicate as to each ta; Ing 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 nor or as funds become available from future collections, a sum of money sufficient to permit funds to be placed with 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 make arrangements with the Paying Agents to be notified when any funds are needed for this purpose. Section 4. That the intent of this resolution is to make present provision for the payment, when and if presented, of all interest through the next coupon paying date on all Re- funding Bonds identified in the preambles hereof; and any action by the Board of Administration to accomplish this result, is hereby fully authorized, including the transfer of sufficient fund from.the applicable Kanner Bill Account to -the applicable Interest -and Sinking Fund Account of the Issues identified in the preambles hereof to permit the payment of interest coupons on the identified issued of Refunding Bonds. Section 5. That any and all transfers from the Kanner Bili Account hereinabove direo ed to be made are being so made and so directed pursuant to the terms of the peremptory writ of mandamus entered in the case of State ex rel Meredith et al vs. Indian River County, st al, bei Case No. 2048 in the Circuit Court of said County, certified copy of the record in such case having heretofore been supplied the. State Treasurer as County Treasurer ex offioio. Section 6. That the Clerk of this Board be, and he is hereby, instructed and directed to forward duplicate certified copies of this resolution to the State Board -of Administration, Tallahassee, Florida, which certified copies shall constitute the authority of said Board to do and perform the acts hereinabove directed. The Resolution was duly seconded by Commissioner Vickers and upon being put to a vote the same was unanimously adopted. 1 1 1