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Pri <br />0 BOOK 8 PAGE669 <br />1. The County of Lee (hereinafter referred <br />to as "County") shall issue its bonds of the aggregate <br />principal amount of $300,000 pursuant to and in accord- <br />ance with the water bond order adopted by the Board of <br />Commissioners of the County on April 5, 1971. The <br />period of usefulness of the capital project to be <br />financed by the issuance of the bonds is a period of <br />forty years, computed from June 1, 1976. <br />2. The County shall issue its bonds of the <br />aggregate principal amount of $225,000 pursuant to and <br />in accordance with the sanitary sewer bond order <br />adopted by the Board of Commissioners of the County on <br />April 5, 1971. The period of usefulness of the capital <br />project to be financed by the issuance of the bonds is a <br />period of forty years, computed from June 1, 1976. <br />3. The bonds to be issued pursuant to the <br />bond orders described in paragraphs 1 and 2 of this <br />resolution shall be issued as one consolidated bond <br />issue of the aggregate principal amount of $525,000 and <br />shall be designated "Water and Sewer Bonds". The Board <br />has ascertained and hereby determines that the weighted <br />average period of usefulness declared in paragraphs 1 <br />and 2 of this resolution, taking into consideration the <br />amount of bonds to be issued under each of the bond <br />orders referred to in said paragraphs, is forty.years, <br />computed from June 1, 1976. <br />4. The bonds.shall be of the denomination of <br />$5,000 each, shall be numbered from 1 upwards in the <br />order of their maturity, and shall be pavable in annual <br />installments on June 1 in each year as follows, viz.: <br />-2- <br />