3/3/1959 - Laserfiche WebLink

Home Browse Search

1 • 1 0 1 1 after referred to, the principal sum of ONE THOUSAND DOLLARS on the first day of February, 19 , together with interest thereon from the date hereof at the rate of per centum per annum, payable semi-annually, on the first day of February and on the first day of August of eacy year, upon presentation and surrender of the annexed interest coupons as they severally become due. Both principal and interest are payable in lawful money of the United States of America at the Chemical Corn Exchange Bank, New York City, New York. The bonds of the issue of which this bond is one maturing in the years 1963 and 1964 are not redeemable prior to their stated dates of maturity. The bonds of the issue of which this is one maturing in the years 1965 to 1984, both inclusive, are redeemable prior to their stated dates of maturity, at the option of the County, in whole or in part but in inverse numerical order if less than all, on February 1, 1964, or on any interest payment date thereafter, at the principal amount thereof, plus accrued interest to date fixed for redemption, plus the following premiums, expressed as.a percentage of the par value of any such bonds so redeemed, if redeemed in the following years: Four per centum (44�) in 1964 to 1967, inclusive; Three per centum (3%) in 1968 to 1971, inclusive; Two per centum (2%) in 1972 to 1975, inclusive; One per centime (1%) in 1976 to 1980, inclusive; Without premium if redeemed in 1981 or thereafter prior to maturity; Notice of such prior redemption shall be published at least once at lea st thirty days prior to redemption date in a financial paper published in the City of New York, New York. Said bonds shall cease to bear interest after the date fixed for the redemption if payment of the redemption price thereof has been duly provided for. This bond is one of an issue of bonds of like tenor, date and amount, except as to maturity, aggregating the sum of $750,000, issued by the Board of County Commissioners of Indian River County, Florida, for the purpose of financing the cost of acquiring, construct- ing and equipping a Public hospital for said County, under authority of and in strict com- pliance with the Constitution and statutes of the State of Florida, particularly Chapter 155, Florida Statutes, and the issuance hereof has been approved by the majority of the votes cast at an election held in said County on November 4, 1958, at which election a majority of the freeholders who were qualified electors residing in said County participated. The principal of and interest on this bond are payable solely from the special taxes authorized to be levied therefor by said election held in said County on November 4, 1958, and the resolution of the Board of County Commissioner of Indian River County adopted on March 3, 1959. IT IS HEREBY CERTIFIED that all acts, conditions and things required by the Consti- tution and laws of the State of Florida to happen and be done precedent to and in the issuance of this bond have happened and have been done and performed in regular and due form and time, as prescribed by law; and that the total indeptedness of said County, including the issue of bonds of which this is one, does not exceed any constitutional or statutory limita tion.