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<br />issuance of $750,000 Hospital Bonds of Indian River County pursuant to an approving vote of the
<br />freeholder electors at an election duly called and held on November 4, 1958; and
<br />WHEREAS, the issuance of said Hospital Bonds has been validated and confirmed by
<br />decree of the Circuit Court of the Ninth Judicial Circuit of Florida in and for Indian River
<br />entered on May 12, 1959; and
<br />WHEREAS, it is now deemed advisable and in the public interest to offer said Hospital
<br />Bonds for public sale at the earliest opportunity; now therefore
<br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA:
<br />Section 1. That the Hospital Bonds in the aggregate principal amount of $750,000
<br />mentioned in the preambles hereof shall be offered for public sale on June 16, 1959, and sealed
<br />bids shall be received by this Board at 9:00 o'clock A. M. on said date and said Hospital Bonds
<br />forthwith awarded and sold to the successful bidder therefor.
<br />Section 2. That the notice of sale of said $750,000 Hospital Bonds in the form
<br />annexed hereto as "Exhibit At' and made a part hereof, shall be published in the Vero Beach Press
<br />Journal, and in the Daily Bond Buyer, and the proper officials of the County are hereby
<br />authorized and directed to cause such publication to be made in the manner required by law.
<br />Section 3. This resolution shall take effect immediately upon its adoption.
<br />NOTICE OF SALE
<br />COUNTY OF INDIAN RIVER, FLORIDA
<br />$750,000
<br />HOSPITAL BONDS
<br />Sealed proposals will be received by the Board of County Commissioners of the County
<br />of Indian River, Florida, until and publicly opened at nine 1'clock A. M.. (Eastern Standard
<br />Time), on the 16th day of June, 1959, at the office of the Circuit Court Clerk, ex officio
<br />Clerk of the Board of County Commissioners, in his office in the Courthouse at Vero Beach,
<br />Florida, for the purchase of all, but not less than all, of Seven Hundred Fifty Thousand
<br />Dollars ($750,000) principal amount of Hospital Bonds of said County, in the denomination
<br />of One Thousand Dollars ($1,000) each, dated February 1, 1959, and maturing in numerical order,
<br />on February 1 in the years and amounts as follows:
<br />Year Amount
<br />Year
<br />Amount
<br />Year
<br />Amount
<br />1963 $20,000 1970 $30,000 1977 $40,000
<br />1964 203,000 1971 30,000 1978 40,000
<br />1965 252000 1972 30,000 1979 40,000
<br />1966 25,000 1973 30,000 1980 45,000
<br />1967 25,000 1974 353,000 1981 459000
<br />1968 25,000 1975 352000 1982 453,000
<br />;1969 30,000 1976 359000 1983 509000
<br />1984 509000
<br />The bonds maturing in 1963 and 1964 are not redeemable prior to their stated dates
<br />of maturity. The bonds maturing in the years 1965 to 1984, both inclusive, are redeemable prior
<br />:to their stated dates of maturity, at the option of the County, in whole or in part but in
<br />inverse numbrical_ order if less than all, on February 1, 1964, or on any interest payment date
<br />thereafter, at the principal amount thereof, plus accrued interest to the date fixed for re-
<br />demption, plus the following premiums, expressed as a percentage of the par value of any such
<br />bonds so redeemed, if redeemed in the following years:
<br />Four per centum (47.) in 1964 to 1967,.inclusive;
<br />Three per centum (3%) in 1968 to 1971, inclusive;
<br />Two per centum (2%) in 1972 to 1975, inclusive;
<br />One per centum (1%) in 1976 to 1980, inclusive;
<br />Without premium if redeemed in 1981 or thereafter prior to maturity.
<br />Principal and semi-annual interest (February 1 and August 1) payable at the principal
<br />office of the Chemical Corn Exchange Bank, New York City, New York.
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