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authorizing a temporary loan of $11,500,000 pursuant to
the provisions of Section 215•431 of the Florida Statutes,
which resolution was adopted by the Hoard at the request of
the Company to provide temporary financing for certain of
the air and water pollution control and sewage and so2id
waste disposal facilities included in the components of ttie
ariginal Second Phase Pro3ect and identified as Items III,
IV and V(but only insofar as such Ztems relate to Unit No.
1 of the Plant) in Exhibit A to the Original Contract (the
"Revised Second Phase Pro~ect").
(p) On November 15, 1974, the County issued its $11,500,000
St. Lucie County Pollution Control Revenue Bonds (Florida
Power & Light Company P~o~ect), Series B, Bond Anticipation
I3ote dated November 15, 197u and stated to mature October
31, 1975 tthe ~"19~4 Note").
(q) On October 21, 1975, the 3oard passed and a3opted
Resolution ~to. 75-107 entitled:
RESOLUTIGN AUTKORIZING THE ISSUANCE AiJD
SALE OF AN $Z1;500,QOQ ST. LUCIE COUNTY
POLLUTIOH CONTROL REVENUE BONDS (FLORIDA
POWER & LIGHT CO~tPANY PROJECT) , S~:RIES B,
BOND ANTICIPATION "10TE PURSUAI~tm TO THE
~ AUTHORITY OF SECTION 215.431, FLORIDA
STATUTES TO EFFECT THE RENE1rJAL OF a TEM?ORaRY
LOA:3 PRESENTLY E~IIDE~ii,ED BY A NOTE OF I.IKE
PRI;ICIPAL AP~;OVNT; PROVIDIVG FOR THE TERi~~S
OF SUC'rI BON'J A,dTICIPATION NOTE A:~D APPROV-
I~1G ~'HE FORM OF SUCH NOTE; PROVIDIVG r^OR
THE ~XCHANGE OF SUCH B0~1D ANTICIPATION NOT~
FOR THE OliTSTANDZNG :IOTE; A:~D PROViDIVG
THAT SUCH 30VD AN~'ICiPATION ?dOTE SHALL
NOT CONSTITUTE P. DEBm, LIABILITY OR OBLIGA-
TION OF ST. LUCI~. COUh`TY OR OF THE ST~1TE
OF FLflRIDA OR OF A:3Y POLITICAL SUBDIb'ISIO`1
THEREOF.
authorizir.g the issuance ir. ex~t?ange for the 1Q74 `fo~e c° a bond
ar.ticipation not~ of like princ~pal ar~ount, of sim.ila~^ form and
~enor, da~ed Oc~cber 31, ±;77 and stated ~o m2~ur~ ~ctcber 31,
1970 ~~he ";.~~5 ~ote" ~ .
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