Fort Walton Beach Resolution — 82-22-Ind Revenue Bonds-Gator Distributors — reading text

prior redemption payment and thereof duly made or provided for, on the day of , 19 , the City of Fort Walton Beach, Florida will pay to the bearer at the principal office of , Trustee, in the City of from the special funds described in the Bond to which this coupon is attached, the amount shown hereon in lawful money of the United States of America, upon presentation and surrender of this I coupon, being six months interest then due on its City of Fort Walton Beach, Florida, Industrial Development Revenue Bond, Series 1982 ( Gator Distributors~ Inc. Project), dated 1, No. 19__, CITY OF FORT WALTON BEACH, FLORIDA F acs imile] Mayor ATTEST: Facsimile] City Clerk or Deputy City Clerk FORM OF TRUSTEE' S CERTIFICATE OF AUTHENTICATION] This Bond is one of the Bonds described in the within- mentioned Trust Indenture. as Trustee By Authorized Officer VALIDATION CERTIFICATE This Bond is one of a series of Bonds which were validated and confirmed by judgment of the Circuit Court for Okaloos4 County, Florida, rendered on the ____ day of , 1982. CITY OF FORT WALTON BEACH, FLORIDA F acs imile] Mayor 7  o o CERTIFICATE OF COMPLIANCE WITH SECTION 218. 385, FLORIDA STATUTES This Bond is one of a series of Bonds the issuance of which has been approved by the Issuer in accordance with the provisions of Section 218. 385, Florida Statutes. Facsimile] Mayor PROVISIONS FOR REGISTRATION AND EXCHANGE As provided in the Trust Indenture and subject to certain limita- tions set forth therein, the ownership of the principal amount of this Bond may be registered as to principal alone on the books of the Trustee, as Registrar, at the principal corporate trust office of the Trustee upon presenta tion hereof and notation in the registration blank below. Thereafter, transfer hereof may be made on the registration books by the registered owner in person or by the registered owner' s attorney duly authorized in writing, ~ nd similarly noted on this Bond, and the Bond may be discharged from registration by being in like manner transferred and registered to : bearer, and may thereafter again, from time to time, be registered or discharged from registration in the same manner. Registration of this Bond as to principal shall not affect the negotiability of the coupons appertaining hereto, which shall continue to pass by delivery and remain payable to bearer. This Bond may, how- ever, be surrendered at the principal office of the Trustee, or its successor, with all unmatured coupons attached and, at the option of the holder hereof, exchanged for equal aggregate an principal amount of fully registered Bonds of like maturity and interest rate in a denomina- tion which is an integral multiple of $ 5, OOIJ. Upon each registration and exchange, charge may be made sufficient to reimburse the Issuer a or the Trustee for any tax, fee or other governmental charge required to be paid with respect thereto, and any cost of printing fully registered Bonds. DATE OF IN WHOSE NAME SIGNATURE OF REGISTRATION REGISTERED REGISTRAR 8  o o FORM OF FULLY REGISTERED BOND] No. R- $ UNITED STATES OF AMERICA STATE OF FLORIDA CITY OF FORT WALTON BEACH. FLORIDA INDUSTRIAL DEVELOPMENT REVENUE BOND, SERIES 1982 GATOR DISTRIBUTORS, INC. PROJECT) KNOW ALL MEN BY THESE PRESENTS, that the City of Fort Walton Beach, Florida, a municipal corporation andpolitical subdivision of the St~ te of Florida ( hereinafter called the " Issuer"), for value received, hereby promises pay to of , to the order or registered assigns, on the first day of , 19 , solely from the special funds hereinafter mentioned, the principal su~ of Dollars and to pay solely from such special funds, interest thereon from the date hereof at the rate of percent ( %) per annum until payment of the principal sum, such interest to the maturity hereof being payable , 19 , and semi- annually thereafter on the first day of and the~ irst day of in each year. Both pr~ncipal of and interest on this Bond are payable in lawful money of the United States of America at the principal office of the Trustee hereinafter mentioned, in the of , City except the interest on this Bond is payable to the registered owner by check or draft mailed the to registered owner. This Bond is one of an authorized issue of Bonds of the Issuer in the aggregate principal amount of $ 600, 000 issued to finance the cost of acquiring, constructing and equipping warehousing and distribution facilities, on certain real property owned by Gator Distributors, Inc.. a corporation organized and existing under Florida law ( hereinafter called the " Company") located in the City of Fort Walton Beach, Florida hereinafter called the '' Project' ). The Bonds will be repaid by the Issuer from installment financing payments under the terms of a Financing Agreement ( hereinafter sometimes called the " Agreement") and a Promissory Note dated as of , 1982. The issuance of the Bonds and the construction and sale of the Project are under the authority of and in full compliance with the Constitution and Statutes of the State of Florida, including particularly Chapter 159, Part II, Florida Statutes ( 1981) ( hereinafter called the " Act"), and other applicable provisions of law, and a resolution duly adopted by the Issuer on 1982, as supplemented ( hereinafter called the " Resolution"), and is subject to all the terms and conditions of such Resolution. The Bonds are all issued under and equally and ratably secured and entitled to the security of a Trust Indenture dated as of 1982 ( herein sometimes called the " Indenture")~. duly executed and de- livered by the Issuer to the Trustee. Reference is made to the Inden- ture for the terms of the Indenture and the provisions. among others, 9  o o In cert~in events, on the conditions, in the manner and with the effect set forth in the Agreement and the Indenture, the principal of all the Bonds issued under the Agreement and the Indenture and then outstanding may become or may be declared due and payable before the stated maturity thereof, together with interest accrued thereon. Modifications or alte- rations of the Agreement and the Indenture, or of any supplements there- to, may be made only to the extent and in the circumstances permitted by the Agreement and the Indenture. IT IS HEREBY CERTIFIED, RECITED AND DECLARED that all acts, condi-_ tions and things required to exist, happen and be performed precedent to and in the execution and delivery of the Indenture and the issuance of this Bond do exist, have and have been performed in due tithe,