|
<br />Exhibit A
<br />
<br />FORM OF 1998 BOND
<br />
<br />No,R-
<br />
<br />UNITED STATES OF AMERICA
<br />STATE OF FLORIDA
<br />CITY OF SUNNY ISLES BEACH, FLORIDA
<br />Utilities Tax Revenue Bond, Series 1998
<br />
<br />Interest Rate
<br />4.36%
<br />
<br />Maturity Date
<br />July 1, 2008
<br />
<br />Dated Date
<br />June 26, 1998
<br />
<br />Registered Owner: SunTrust Bank, Miami, N.A.
<br />Principal Amount: $4,900,000
<br />
<br />KNOW ALL MEN BY THESE PRESENTS, that the City of Sunny Isles Beach (the
<br />"City") in Miami-Dade County, Florida, for value received, hereby promises to pay from the sources
<br />herein mentioned, to the Registered Owner specified above or registered assigns on the Maturity Date
<br />specified above or earlier upon mandatory repayment of principal as provided below, upon the
<br />presentation and surrender hereof at the City's Finance Department or (if so detennined by the City) the
<br />designated trust office of the bank or trust company appointed by the City to act as paying agent (said
<br />City's Finance Department or such bank or trust company and any bank or trust company becoming
<br />successor paying agent being herein called the "Paying Agent"), the Principal Amount of $4,900,000
<br />with interest thereon at the Interest Rate specified above (unless interest on this Bond is converted to
<br />the Prime Rate (as defined in the Ordinance) or the Interest Rate specified above is otherwise adjusted
<br />in the manner provided in the Ordinance calculated on the basis of a 365/366-day year, as the case may
<br />be, on each Payment Date (as defined in the Ordinance) in the manner specified in the Ordinance to the
<br />registered owner. The Principal Amount and accrued interest thereon is payable in any coin or
<br />currency of the United States of America, which, on the date of payment thereot: shall be legal tender
<br />for the payment of public and private debts.
<br />
<br />This Bond is authorized to be issued in a principal amount of $4,900,000 under the authority of
<br />and in full compliance with the Constitution and statutes oft~e State of Florida, including, particularly,
<br />Chapter 166, Florida Statutes, as amended and supplemented, the Charter of the City of Sunny Isles
<br />Beach, Florida, as amended and supplemented, and other applicable provisions oflaw (the "Act"), and
<br />Ordinance No. 98-39, duly adopted on June 25, 1998 (as the same may be amended from time to
<br />time, and every supplementary ordinance or other ordinance in lieu thereof as may thereafter be
<br />adopted, the "Ordinance"), and is subject to all terms and conditions of the Ordinance. Any term used
<br />in this Bond and not otherwise defined, shall have the meaning ascribed to such term in the Ordinance.
<br />
<br />It is hereby certified and recited that all acts, conditions and things required to exist, to happen,
<br />and to be performed, precedent to and in the issuance of this Bond exist, have happened and have been
<br />performed in regular and due form and time as required by the laws and Constitution of the State of
<br />Florida and the Charter of the City applicable thereto, and that the issuance of this Bond, is in full
<br />compliance with all constitutional or statutory limitations or provisions.
<br />
<br />This Bond shall not be valid or become obligatory for any purpose or be entitled to any security
<br />
|