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12/3/1940
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12/3/1940
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Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
12/03/1940
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permit funds to be placed with the Paying Agent for the said Refunding Bond issues to replace <br />any funds heretofore sent to the Paying Agent to be applied in payment of interest on said Re- <br />funding Bond issues but which have subsequently either been recalled because of peremptory writ, <br />of mandamus or impounded because of the service of alternative grits of, mandamus- or impounded <br />out of any reserve account by the service of any writs of mandamus, said remittance to be made, <br />at the option of the Board of Administration, either at this time or at such time as.any of <br />such coupons are presented to the Paying Agent for payment; provided, however, that in the <br />event the latter.option is elected by the Board of Administration, the said Board is hereby <br />requested to make arrangements with the Paying Agents to be notified when any,funds are needed <br />for this purpose. <br />Section 4. That the intent of this resolution is to make present provision for the <br />payment, when and if presented, of all interest through the next coupon paying date on all Re- <br />funding. -Bonds identified in the preambles hereof; and any action by the Board of Administration <br />to accomplish this result, is hereby fully authorized, including the transfer of sufficient <br />funds from the applicable Xanner Bill Account to the applicable Interest and Sinking Fund <br />Account of the issues identified in the preambles hereof to permit the payment of interest <br />coupons on the identified issues of Refunding Bonds. <br />Section 5. That the Clerk of this Board be, and he is hereby, instructed and directed <br />to forward duplicate certified copies of this resolution to the State Board of Administration, <br />Tallahassee, Florida, which certified copies shall constitute the authority of said Board to do <br />and perform the acts hereinabove directed. <br />Section 6. That any and all transfers from the Kanner Bill Account hereinabove dir- <br />ected:to be made are being so made and so directed pursuant to the terms of the peremptory writ <br />of mandamus entered in the case of State ex rel Meredith at al. vs INDIAN RIFER County, at al., <br />being Case No. 2048 in the Circuit Court of said County, certified copy of the record in such <br />case having heretofore been supplied the State Treasurer as County Treasurer ex officio. <br />The resolution was duly seconded by Commissioner Vickers and upon being put to a vote <br />e <br />saime was. unanimously adopted. <br />Commissioner.W-.0. Greves,Jr• introduced -the following resolution aad' moved -its .adoption. <br />WHEREAS, there have heretofore been issued Refunding Bonds (hereinafter identified as, <br />"said Refunding Bonds") for the purpose of refunding outstanding road and bridge bonded indebt- <br />edness of this County, said Refunding Bonds being described as follows: <br />Date of Issue <br />Taxing Unit and Designation <br />JANUARY 1, 1938 WABASSO BRIDGE DISTRICT REFUNDING BONDS <br />WHEREAS, semi-annual interest coupons will become due and payable, on said Refunding <br />Bonds as follows: <br />Taxing Unit <br />Coupon Maturity Date <br />WABASSO BRIDGE DISTRICT JANUARY 19 1941 <br />funds <br />WHEREAS, it is the desire of this Board to make/available for the payment of said <br />Interest coupons on -said Refunding Bonds; <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br />COUNTY, FLORIDA, IN SESSION DULY ASSEMBLED: <br />Section 1. That the State Board of Administration, Tallahassee, Florida, be, and it <br />hereby, requested, instructed, and directed to cause sufficient funds now, or hereafter, credit. <br />ed to the applicable Kanner Bill Account for the taxing units identified in the preambles here- <br />to to be transferred from said applicable Kanner Bill Account to the applicable Interest and <br />Sinking Fund Account of the said Refunding Bond issues identified in the preambles hereto so <br />1 <br />
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