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11 4'51' Maturity (Jaauary 1) 1967 1968 1969 1970 Total - - -- - -- $ 551 Delivery of said bonds shall be made at The First National Bank of Chicago, Chicago, Illinois, and shall be made December 31, 1941, before 11:00 o'olock A. M. Eastern Standard Time on said date, attention being directed to the fact that the outstanding optional bonds to be retired by the proceeds from the sale of these Bonds have been called for redemption and payment on January 1, 1942. All coupons maturing January 1, 1942 or prior on said Bonds will be clipped before delivery of the Bonds. No bids will be considered except for the entire amount offered for sale, but only such amount thereof shall be delivered as may be delivered in accordance with law. The undersigned reserves the right (1) to award the bonds to the bidder submitting the most advantageous bid, which shall be determined by the undersigned in its absolute and uncontrolled discretion; and (2) to reject any or all bids. Bids must be enclosed in a sealed envelope marked on the outside "PROPOSAL FOR RE- FUNDING BODS", and shall be accompanied by a certified check upon or Cashier's Check of an incorporated Bank or Trust Company, payable unconditionally to the order of the undersigned for an amount equivalent to three per cent. (3%) of the par value of the bonds covered by each bid, which said check will be forfeited to the undersigned as liquidated damages by the bidder to whom the Bonds may be awarded in the event of non-performance of the terms of his bid, or returned to the said bidder simultaneously with, or forthwith after full performance thereof. Checks of unsuccessful bidders will be returned on the day the ®ward is made. If the undersigned does not make award of the bonds the day the bids are opened, any bidder may immediately recover his check if he does not desire to allow his bid to remain open for con- sideration during the period desired for consideration by the undersigned; but, in the event of any withdrawal of any such check, the bid to which said check was attached will be consid- ered as having been withdrawn and not subject to further consideration. wit: THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA. RESOLUTION - TO PURCHASE $45,000 ROAD & BRIDGE DISTRICT NO. 4 REFUNDING BONDS DATED JANUARY 1,, 1937 Commissioner Glover introduced the following resolution and moved its adoption, to - WHEREAS, this Board has caused to be published, Notice of Redemption effective as of January 1, 1942, of Indian.River County, Florida, Special Road.and Bridge District No. 4 Road and Bridge Refunding Bonds dated January 1, 1937; and WHEREAS, it is contemplated that refunding bonds dated January 1, 1941, of said Dist - riot will be sold in such amounts as with the proceeds thereof, and the Interest and Sinking fund available or to be made available, will provide funds to meet the terms of the published Notice of Redemption; and WHEREAS, it is calculated that such sinking fund surplus will be $45,000 and it is determined that such surplus should be applied toward meeting the called bonds; NOW9 THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMSIONERS OF INDIAN RIVER COUNTY, FLOIMDA, IN SESSION DULY ASSEMBLED: Seotion'1. That the State Board of Administration at Tallahassee, Florida, be and it is hereby,authorized and directed to purchase with such surplus sinking funds, available or to