12/2/1941 - Laserfiche WebLink

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WHEREAS, there have heretofore been issued Refunding Bonds thereinafter identified a "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 January 1, 1938 Taxing and Designation Indian River County, Florida 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 1-1-42 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 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, requested, instructed, and directed to cause sufficient funds now, or hereafter, credited to the applicable Banner Bill Account for the taxing units identified in the preambles hereto to be transferred from said applicable Banner 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 shall cause the said funds to be applied to the payment of interest coupons on said Refunding Bonds as follows: Amount of Balance Coupon Taxing Unit after Transfer MaturitZ_D�ate Wabasso Bridge District 19540.00 1-1-42 Section 2. That the Clerk of this Board be, and he is hereby, instructed and dir- acted (l) 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 certifi- cate 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 Banner 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 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 or im- pounded out of any reserve account by the service of any writs of mandamus, said remittance to j 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, however, 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 hinds are needed for this purpose. Section 4. That the intent of this resolution is to make present provision for the u 1 �J