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546 On motion made by W. C. Graves Jr. seconded by S. E. Glover and unanimously carried the Board agreed to discontinue all future private use or rental of any County equipment, with the possible exception of one.projeot for C. -E. Cox which is.to be done before January 1, 1942. GENERAL RESOLUTION - REGARDING CANCELLATION OF BOOS PURCHASED UNDER KANNER BILL OR HELD FOR INVESTMENT ACCOUNTX - RETIRE$4,000.00 R. & B. DISTRICT #4 BONDS ISSUED JULY 19 1925 - REDEEM $25,000.00 R. & B. REFUNDING BONDS.DAT3D.7-1-37 FOR.THE'ACCOUNT.OF ST. LUCIE ® COUNTY. Commissioner Graves introduced the following resolution and moved its adoption, to-wi, BT IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, IN SESSION DULY ASSEMBLED: Section 1. That this Board does hereby express its desire and intention to acoompl- ish the following results: A. Retire by remittance to the paying agent all principal debt of the follow- ing issue which has heretofore matured and is outstanding, said debt according to the record of this Board being as follows: Taxing Unit Date of Issue Bond Numbers Maturity- Am.,_,_o_ & Special R. & B. Dist. No. 4 7-1-25 33- 7-1-32 10000 53 7-1-35 10000 96 7-1-38 19000 122 7-1-40 1.000 Total . . . . . $ 49000 B. Redeem at par and accrued interest $25,000 of Series A or.Series B Road and Bridge Refunding Bonds dated July 1', 1937, issued by Indian River County, Florida, and held by the State Treasurer as County Treasurer ex officio, for the account of St. Lucie County, said bonds.so held representing Indian River County's indebtedness to St. Lucie County on issues of Refunding Bonds of St. Lucie County dated July 19 1937; said redemption to be from funds held by the Board of Administration to the credit. of Indian River County for St. Lucie County debt assumed, and which said funds are of sufficient amount to permit the rede4t- ion of the amount of bonds above set forth at par and accrued interest, and provide for the. payment of the.semi-annual coupon due January 1, 1942, on the bonds of the described issue then outstanding. Section 2. That the State -Board of Administration, in order to give effect to the desire and intention of this Board: as set forth in A and B of Section 1 hereof, is hereby directed and instructed to transfer from the Kanner Bill accounts to the Interest and Sinking Fund Accounts of the respective bond issues, sufficient funds to permit the retirement of the bonds as above set forth. struoted: Section 3. That the State Board of Administration'be, and it is hereby, also in- A. To cancel any securities it may be holding unoancelled which have heretofore been purchased under provisions of the Kanner Bill, for the aeeount of Indian River County. B. To cancel all securities of taxing units of this County which are held for the investment account of the same taxing unit. C. To cancel, if permitted by law, all securities of any taxing units of this County which are held for the investment accounts of other taxing units of this County. D. To give credit to Indian River County on the records of the Board of Adminis tratjon for any bonds cancelled under the provisions of this section which are of issues orig- inally owed by St. Lucie County, a portion of which was assumed and chareable to Indian River County. Section 4. That the Clerk of this Board shall furnish duplicate certified copies of this resolution to the State Board of Administration, which certified copies shall be the 1. � 1