3/3/1959 - Laserfiche WebLink

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0 1 1 I 0 1 1 0 immediately preceding year, it shall not be necessary in any year for the County to levy the full and maximum amount of five mills on the dollar on the assessed valuation of taxable pro- perty in the County as required by Section 5 hereof in order to produce sufficient amounts to comply fully with subsections (1) and (2) of Section 6 hereof, then the County may reduce the amount of such levy of such five mills tax in such year to such lesser millage and amount, based as aforesaid on the percentage of the amount of such five mills tax levied for the immediately preceding year and actually collected in cash in such immediately preceding year, which will produce the amount necessary to make all the payments provided for and comply fully with the provisions of subsections (1) and (2) of Section 6 hereof in such year; pro- vided, however, that the County shall always be irrevocably and unconditionally obligated in each year to increase said levy of said five vills tax to said full five mills, whenever necessary to make all required payments under subsections (1) and (2) of Section 6 hereof, including any deficiencies for prior payments. Section 8. In the event that all principal of and interest on the bonds authorized by this resolution shall not for any reason be paid at the maturity thereof, then said County shall be irrevocably obligated to continue in each year the levy of said tax of five mills on the assessed valuation of taxable property in said County to the full amount of five mills so long as any of such bonds and the interest thereon are outstanding and unppid. Section 9. The County Attorney, is hereby authorized and directed to take the necessary proceedings for the validation of said bonds by the Circuit Court of Florida in and for Indian River County, and the Chairman of this Board is hereby authorized to sign and verify the petition for such validation and any other papers which may be required to be filed in said proceedings. Resolved and adopted at Vero Beach, Florida, by the Board of Cougty Commissioners of Indian River County, Florida, on this 3fd day of March, 1959. S/ Robert W. Graves Chairman, Board of County Commissioners of Indian River County, Florida Attest: ---- s5L-DsU-SI-1s-Mor------------ Clerk, Board of County Commissioners of Indian River County, Florida Approved as to form and correctness: s/ Sherman N. Smith, Jr. County Attorney _, The County Attorney, Sherman N. Smith, Jr. presented an agreement between the Florida East Coast Railway Company and Indian River County for a Railroad Crossing in Se The Cost of putting in the crossing will be around $22,000.00. Upon Motion made by Commiss Hamilton, seconded by Commissioner Macdonald and unanimously carried, the following Resolution was adopted, with the further provision that General Development Corporation would deposit