Resolution 226-1985
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County Commission
RESOLUTION NO. 226-1985
A RESOLUTION REDEEMING THE REMAINING OUT-
STANDING CERTIFICATES OF INDEBTEDNESS OF 1965
ISSUED AND SOLD PURSUANT TO RESOLUTION NO.
66-1965 AND PROVIDING FOR NOTICE BY
PUBLICATION.
WHEREAS, bonds issued and sold under Resolution No. 66-1965
may be redeemed prior to their maturation dates; and
WHEREAS, the aforesaid Resolution also authorized the
creation of a sinking fund providing for the redemption of the
bonds and there is current sufficient money in that fund to
redeem the bonds prior to maturity; and
WHEREAS, Resolution No. 66-1965 requires early redemption of
the bonds when financially possible; and
WHEREAS, the bonds are secured by a pledge of ad valorem
revenue, and it would be in the best interests of the County to
redeem the bonds as soon as possible; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA:
Section 1. The Outstanding Certificates of Indebtedness of
1965 issued and sold pursuant to Resolution 66-1965 which would
mature on September 1, 1986 and on each September 1 thereafter
through 1995 shall be redeemed on September 1, 1985 in whole, at
par and accrued interest, together with a two percent (2%)
premium of the principal amount of such certificates, except,
however, that the aforesaid premium amount shall be at four
percent (4%) for those Certificates maturing on September 1, 1994
and on September 1, 1995.
Section 2.
Notice of such intended redemption shall be
given at least once at least 30 days prior to the redemption date
by publication in a financial newspaper published in the City of
New York, New York.
PASSED AND ADOPTED by the Board of County Commissioners of
Monroe County, Florida, at a special meeting of said Board held
on the 26th day of July, A.D. 1985.
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
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By Mayor ~:;~man" "
(SEAL)
Attest:
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