HomeMy WebLinkAbout0164 ~ 2. The Act fully authorizes the issuance of not exceeding
$10,250,000 St. Lucie County Pollution Control F.evenue Bonds
(Florida Power & Light Company Pro~ect~, Series 8, af the
County, for the purposes and in the manner and form and having
the details provided in Resolution No. 76-I20 and the Indenture,
and fully authorizes the execution and ~eliver~ of tne Exhibit A
Amendment.
3. Resolution No. ?6-120 was properly adopte~ by tihe
Board and is sufficient in form and in substanc~ to authorize
the issuance of the ~rte~ B Bonds in the manner and form
and for the purposes proposed and to authorize the execution
and delivery of the Exhibit A Amendment. .
4. Resolution No. 76-124 is a valid resolution of the
County_, and the Contract is 2nd T~ill be, when the Exhibit A
Amendment is executed and delivered, a valid and binding
document and agreement of the County.
5. The Series B Bonds have been duly authorized for
proper public purposes and in the manner as required hy la•~,
and when issued as provided by DeSolution NQ. 7b-120 and
the Indenture and as author~zed by ~he Act wi11 be valid and
bi~ding o~ligatior.s of~the Coun~~ in~accordance with their
ter~s. ~
6. The Series B Bor.ds and the interest ~herEOn~shall ,
not be deemed to cons~itute a debt, liability or obligation
of St. Lac~e ~oun~y or of the State of rlorida cr oc 3ny
political subd~vision thereoc, or a pledge of the fa~~h a~d
credi~ cf S~. ~ucie Coun~y o^ ~ze S~a~e ~lorida or o~
ar,y poii~~ca? subdivision ~~ereo=', bu~ sh2I1 be p~~able solel~
c:r. the rever.ues pr~v;de~ .here~'or anc ;he Cour.t~ s s rot
~bl~~a~e~ ~a;~ ~i:~ Series ? 3on:~ or ~:^e ~n~eres. t~~reor.
.
e~ccea~ ~'ror~: t;:~ re~,e; ues a::~ ~~oc~ed~ ~iedg?~ `here ~r and
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so~K 2fi3 F~cf 25~