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02-06-61FA RESOLUTION AMENDING A RESOLUTION ENTITLED: "A RESOLUTION AUTHORIZING THE CONSTRUCTION AND ACQUISITION OF ADDITIONS, EXTENSIONS AND IMPROVEMENTS TO THE WATER SYSTEM OF THE CITY OF BOYNTON BEACH, FLORIDA; AUTHORIZING THE ISSUANCE OF $1,370,000 WATER REVENUE BONDS, SERIES 1960, TO FINANCE THE COST OF SUCH ADDI- TIONS, EXTENSIONS AND IMPROVEMENTS; PLEDGING THE REVENUES OF SAID WATER SYSTEM TO THE PAY- MENT OF SUCH WATER REVENUE BONDS, SERIES 1960, AND PROVIDING FOR THE RIGHTS AND REMEDIES OF THE HOLDERS THEREOF." BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BOYNTON BEACH, FLORIDA: Section 1. That the last full paragraph of Section 2.02 of a resolution heretofore adopted by this Council on the llth day of January, 1961 and entitled: "A RESOLUTION AUTHORIZING THE CONSTRUC- TION OF ADDITIONS, EXTENSIONS AND IMPROVEMENTS TO THE WATER SYSTEM OF THE CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING THE ISSUANCE OF $1,370,000 WATER REVENUE BONDS, SERIES 1960, TO FINANCE THE COST OF SUCH ADDITIONS, EXTENSIONS AND IMPROVEMENTS; PLEDGING THE REVENUES OF SAID WATER SYSTEM TO THE PAYMENT OF SUCH WATER REVENUE BONDS, SERIES 1960, AND PROVIDING FOR THE RIGHTS AND REMEDIES OF THE HOLDERS THEREOF", be and the same is hereby amended to read as follows: "Said Bonds shall be issued in coupon form, shall be payable with respect to both principal and interest at such bank or banks, one of which shall be the Trustee referred to hereinafter in Section 3.04 (D) (3), to be designated by the successful purchaser of the bonds and approved by resolution of the City Council, in lawful money of the United States of America, and shall bear interest from their date, payable in accordance with and upon surrender of the appurtenant interest coupons as they severally mature." Section 2. That Section 2.03 (A) of the resolution referred to by title in Section 1 hereof be and the same is hereby amended to read as follows: "Section 2.03 (A) EXECUTION ~F BONDS AND COUPONS. Said Bonds shall be executed in the name of the City by the. Mayor, and its corporate seal, or a facsimile thereof, shall be affixed thereto or impressed, imprinted, litho- graphed or reproduced thereon and attested by the City Clerk. The facsimile signatures of said Mayor and City Clerk may be imprinted, lithographed or reproduced on said Bonds and on the validation legend appearing thereon, provided that at least one of said officers shall manually apply his signa- ture on said Bonds. In case one or more of the officers who shall have signed or sealed any of the Bonds shall cease to be such officer of the City before the Bonds so signed and sealed shall have been actually Sold and delivered, such Bonds may nevertheless be sold and delivered as herein provided and may be issued as if the person who signed or sealed such Bonds had not ceased to hold such office. Any Bond may be signed and sealed on behalf of the City by such person as at the actual time of the execution of such Bond shall hold the prop- er office in the City, although at the date of such B~nds such person may not have held such office or may not have been so authorized. The coupons to be attached to the Bonds shall be authen- ticated With the facsimile signatures of the present or any future Mayor and City Clerk of said City, and the City may adopt and use for that purpose the facsimile signature of any Person who shall have been such Mayor.or City Clerk at any time on or after the date of the Bonds, notwithstanding that he may have ceased to be such Mayor or City Clerk at the time when such Bonds shall be actually Sold and delivered.,, -2- Section 3. That Section 2.05 of the resolution referred to by title in Section i hereof, containing the form of the bonds and the coupons to be attached thereto be and the same is hereby amended to read so as to conform to the amendments contained in this resolution. Section 4. That all of the other Provisions of said resolution adopted January ll, 1961, shall remain in full force and effect. Section 5. This resolution shall take effect immediately. PASSED and ADOPTED this ~+~ __day of February, A.D. 1961. (CORPORATE SEAL)