The trustees of the district may construct, acquire or improve real or personal property
of the district, and may issue refunding bonds or other obligations for such purposes
in conformance with the applicable provisions of Chapter 215, Florida Statutes. Public
bonds, notes and other securities may be issued to provide funds for such purposes
by resolution adopted by the trustees, which resolution may be adopted at the same
meeting at which it is introduced, and may take effect immediately upon its adoption.
The bonds shall bear interest payable semi-annually at a rate fixed in such resolution
subject to Section 215.84, Florida Statutes, and may be in one or more series, may
bear such date or dates, may mature at such time or times not exceeding forty (40)
years from their respective dates, may be made payable in such medium of payment at
such place within or without the State of Florida, may carry such registration privileges,
may be subject to such terms of redemption with or without premium, may be executed
in such manner, may contain such terms, covenants and conditions, and may be in such
form, either coupon or registered, as provided in such resolution or a subsequent
resolution. The bonds may be sold at one time or in blocks from time to time at public
or private sale, or if refunding bonds, may also be delivered and exchanged for the
outstanding obligations to be refunded thereby in such manner as the trustees determined
by resolution and at such price or prices computed according to the standard table
of bond value as will yield to the purchasers or the holders of the obligations surrendered
in exchange in the case of refunding bonds income at a rate pursuant to Section 215.84,
Florida Statutes, to the maturity dates of the several bonds so sold or exchanged
on the money paid or the principal amount of the obligations surrendered therefor
to the district. Pending the preparation of the definitive bonds, interim certificates,
or receipts or temporary bonds, in such form and with such provisions as the trustees
may determine, may be issued to the purchaser or purchasers of the bonds. The bonds
and such interim certificates or receipts or temporary bonds shall be fully negotiable.
(Ord. No. 84-05, § 1(art. VII), 2-23-84)
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