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<br />Crummer & Company upon payment at 103 and accrued interest. (It is anticipated that delivery
<br />will be made December 31, 1941, before 11 A. M. BST. and that the accrued interest will be met
<br />by merely clipping from the 1940 Refunding Bonds the interest coupon due January 1, 19420 and
<br />prior). The said Bank shall then wire One Hundred Your Thousand Dollars ($104,000) to the
<br />Chemical Bank and Trust Company, in the City of New York, with instructions to said Hank to use
<br />the said money under paragraph (B) following. The said First National Bank of Chicago shall
<br />promptly remit the balance of the funds received from said -delivery of 1941 Series of Refunding
<br />Bonds to the Board of County Commissioners of Indian River County, Vero Beach, Florida. The
<br />maturities and amounts of said Refunding Bondsto be so delivered to R. B. Crummer & Company
<br />shall be as follows:
<br />Mat urity
<br />& uary 1)- i�d
<br />1947 10,000
<br />1948 109000
<br />1949 110000
<br />1950 110000
<br />1951 129000
<br />1952 129000
<br />1953 139000
<br />1954 131000
<br />1955 1_20999
<br />Total 1049000
<br />The 1991 Series of Refunding Bonds remaining with said Bank (#20,000 due 1944, $141
<br />due 1945, and $10,000 due 1946 - total $44,000) shall be cancelled in due course and sent to
<br />the State Treasurer as County Treasurer ex officio, Tallahassee, Florida.
<br />(B) To the Chemical Hank and Trust Comnanr. New York, New Bork, which said resolution
<br />shall constitute the authority of said Bank to pay $104,000 of Indian River -County Special Road l'
<br />and Bridge District No. 4 Road and Bridge Refunding Bonds,dated January 1, 1937, upon presenta-
<br />tion, pursuant to Notice of Redemption heretofore published and filed with said Paying Bank,
<br />said $104,000 item being either
<br />(1) All of the bonds which will be outstanding January 1, 1942, or
<br />(2) All of the bonds except $45,000 for which funds will be sent -to the Paying Agent
<br />by the State Treasurer of Florida as County Treasurer ex officio of Indian River County, Flori
<br />(This remittance will be made by the said .Treasurer unless said $45,000 of the 1937 Series of
<br />bonds have been otherwise retired through.his office).
<br />The bonds paid by the Chemical Bank and Trust Company shall forthwith be cancelled
<br />and shipped to the State Treasurer of Florida as County Treasurer ex officio, Tallahassee,
<br />Florida, with certificate of cancellation attached thereto and copy of the letter transmitting
<br />the cancelled securities together with executed copies of the certificate shall also be sent
<br />to Messrs. Chapman and Cutler, 111 West Monroe Street, Chicago, Illinois, and to the Clerk of
<br />the Board of County Commissioners of Indian River County, Vero Beach, Florida.
<br />The State Treasurer's Office shall also be billed for services of the Bank in retir-
<br />ing the principal debt under the call.
<br />(C) To�manand Cutler, 111 111 West Monroe Street, Chicago, Illinois, for inclusion
<br />under the transcript cover being maintained by them.
<br />(D) To R.,. crgMr & Com.
<br />(B) To&he State Tjgas, carer as County Treasurer„ a officio, Tallahassee, Florida.
<br />Section 4. At such time as the Clerk of this Board sends certified copy of this
<br />'resolution to The First National Bank of Chicago. he shall also forward to said Bank the check
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