§ 17-79. Financing of projects.  


Latest version.
  • To pay the cost of projects and to refund any outstanding bonds or other forms of indebtedness issued therefor, the board of county commissioners is authorized to issue from time to time bonds. Such bonds may be in coupon or registered form, with such right of conversion, in such denomination or denominations, bear interest at such rate or rates not exceeding the maximum interest rate permitted by F.S. § 215.84, or other applicable general law, and shall mature at such time or times not exceeding thirty-five (35) years from their date or dates as may be determined by resolution of the board of county commissioners. The bonds may be made redeemable before maturity, at the option of the board of county commissioners, at such price or prices and under such terms and conditions as may be fixed by resolution of the board of county commissioners prior to their issuance. The board of county commissioners shall determine the place or places of payment of the principal and interest which may be at any bank or trust company within or without the state. The bonds shall bear the signatures, either manual or facsimile, of such officers as the board of county commissioners may by resolution designate, provided that such bonds shall bear at least one (1) signature which is manually executed thereon, which manual signature may be that of a trustee or a registrar authenticating such bonds, and the coupons attached to such bonds, if any, shall bear the facsimile signature or signatures of such officer or officers as likewise designated by resolution of the board of county commissioners. The bonds shall have the seal of the board of county commissioners affixed, imprinted, reproduced or lithographed thereon, all as may be prescribed in the resolution or resolutions authorizing the issuance thereof. The bonds shall be sold at public sale or private sale, as may be provided by general law, and at such price or prices as the board of county commissioners shall determine to be in the best interest of the county.

(Code 1965, § 1-52.2; Ord. No. 81-3, § 3, 2-2-81; Ord. No. 83-7, § 2, 4-4-83; Ord. No. 88-11, § 2, 9-12-88)