12/2/1941 - Laserfiche WebLink

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1 F L_j A thority of said Board of Administration to do and perform all acts necessary to carry out the purposes of this resolution. The resolution was duly seconded by Commissiomr Glover and upon being put to a vote the same was unanimously adopted. RESOLUTION - TRANSFERRING FUNDS FROM FANNER ACT TO INTEREST AND SIN$ING FUND ST. LUCIE COUNTY REFUNDING BONDS. Commissioner Braves introduced the following resolution and moved its adoption to -wit: WHEREAS, St. Lucie County, Florida, has heretofore caused to be issued Road and Brid Refunding Bonds bearing date of July 1, 1937, to be exchanged for outstanding funded indebted- ness of said St. Lucid County; and MMFMAS, of such indebtedness this County is justly indebted to said St. Lucie Count in the proportionate share which has heretofore been established and fixed on the records of the State Board of Administration, and for which proportionate share this Board has heretofore caused to be lodged with the State Treasurer as County Treasurer ex officio, Road and Bridge Refunding Bonds bearing the same date, interest rates, and terms of payment as the Road and Bridge Refunding Bonds provided to be issued by St. Lucie County; and said State Treasurer as County Treasurer ex officio has necessary instructions for the issuance of said bonds from time to time as the circumstances warrant; and WHEREAS, semi-annual interest coupons on said Road and Bridge Refunding Bonds of this County will become due and payable January 1, 1942, and it is the desire of this Board to make funds available for the payment of coupons maturing as set forth above, from such Refunding Bonds as are issued by the.State Treasurer as County Treasurer ex officio under instructions heretofore furnished him; NOWs THEREFORE, BE IT RESOLVED BY THE BOARD OF, COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, IN SESSION DULY ASSEMBLED: Section 1. That the State Board of Administration, Tallahassee,.Florida, be, and it is hereby, instructed and directed to cause sufficient funds now, or hereafter, credited to the Kanner Bill Account for this County's indebtedness to St. Lucie County to be transferred from said Kanner Bill Account to the Interest and.Sinking Fund Account of said Refunding Bonds of this County issued to St. Lucie County, said transfer to be made in an amount which, after mak- ing due allowance for funds.now.in said Interest and Sinking Fund ,account of said Refunding Bonds, will be sufficient to provide for the payment of the coupons maturing as set forth, in the preambles of this resolution from such of the Refunding Bonds of ` this County as have been o are hereafter issued by the said State Treasurer as County Treasurer ex offioio under instruct- ions heretofore given him. Section 2. That the Clerk of this Board be, and he is hereby, instructed and directed to furnish certified copies of this resolution -as follows: (a) Duplicates thereof to the State Treasurer as County Treasurer ex officio, Tallahassee, Florida, which 'certified copies will be the authority of the State Treasurer as County Treasurer exoffioio and the State Board of Administration to do and perform all acts required to accomplish the purposes hereof; (b) One thereof to W. R. Lott, Clerk of the Board of County Commissioners.of St. Lucie County, Florida, Ft. Pierce, Florida; (o) Duplicates thereof -to -R. E. Crummer & Company, Orlando, Florida. The resolution was duly,seconded by Commissioner Helseth and upon being put to a vote the same was unanimously adopted. RESOLUTION - TRANSFERRING FUNDS FROM KANNER ACT TO INTEREST AND SINKING FUND WABASSO BRIDGE DISTRICT REFUNDING BONDS. Commissioner Glover introducted the following resolution and moved its adoption to 4� wit: