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RESOLUTION 93-145 A RESOLUTION AUTHORIZING THE RETIREMENT OF CERTAIN OUTSTANDING RECREATIONAL REVENUE BONDS OF THE COUNTY; AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $9,875,000 RECREATIONAL REVENUE REFUNDING BONDS, SERIES 1993, TO PROVIDE FUNDS FOR SAID RETIREMENTS; PROVIDING FOR THE RIGHTS OF THE REGISTERED OWNERS OF SAID BONDS; MAKING CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; AND PROVIDING AN EFFECTIVE DATE. BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: SECTION 1. AUTHORITY FOR RESOLUTION. This Resolution is adopted pursuant to Chapter 125, Florida Statutes, Ordinance No. 77-19 of the County, as amended, and other applicable provisions of law. SECTION 2. DEFINITIONS. The following terms shall have the following meanings in this Resolution, unless the context otherwise clearly requires: A. "Act" shall mean Chapter 125, Florida Statutes, Ordinance No. 77-19 of the County, as amended, and other applicable provisions of law. B. "Additional Parity Bonds" shall mean additional bonds issued in compliance with the terms, conditions and limitations contained herein which have an equal lien on the Pledged Funds, as herein defined, and rank equally in all respects with all other Bonds issued hereunder as to lien and security for payment. C. "Authorized Investments" shall mean those investments specified in Exhibit A attached hereto and such other investments as are approved by the Series 1993 Bond Insurer, provided that such investments are at the time lawful investments for the funds involved under the laws of the State of Florida, including without limitation Section 125.31, Florida Statutes. D. "Board" shall mean the Board of County Commissioners of Indian River County, Florida. E. "Bonds" shall mean the Series 1993 Bonds together with any Additional Parity Bonds hereafter issued hereunder. F. "Bond Registrar" shall mean with respect to any particular series of Bonds issued hereunder the bond registrar for said series of Bonds to be determined by subsequent resolution of the Board, which shall be a bank with trust powers or a trust company. G. "Code" shall mean the Internal Revenue Code of 1986, as amended, and any similar subsequent federal revenue laws. Any reference to a particular section, subsection, etc., of the Code shall also refer to the similar section, subsection, etc., of any similar subsequent federal revenue law. H. "County" shall mean Indian River County, Florldn.