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1 redemption shall cease to accrue, such Bonds and portions of Bonds shall cease to be entitled to any lien, benefit or security under this Resolution, and the holders or Registered Owners of such Bonds or portions of Bonds, shall have no rights in respect thereof, except the right to receive payment of the redemption price thereof. Upon surrender of any Bond for redemption in part only, the Issuer shall issue and deliver to the registered owner thereof, the costs of which shall be paid by the registered owner, a new Bond or Bonds of authorized denominations in aggregate principal amount equal to the unredeemed portion surrendered. SECTION 13. FORM OF BONDS. The text of the Bonds shall be in substantially the form attached hereto as Exhibit A, with such omissions, insertions and variations as may be necessary and desirable and authorized and permitted by this Resolution or by any subsequent resolution adopted prior to the issuance thereof. SECTION 14. BONDS NOT DEBT OF ISSUER. The Bonds shall not be or constitute general indebtedness of the Issuer within the meaning of any constitutional or statutory provision or limitation, but shall be payable solely from and secured by a prior lien upon and pledge of the Pledged Revenues herein provided. No Bondholder shall ever have the right to compel the exercise of the ad valorem taxing power of the Issuer or taxation in any form of any real property therein to pay the Bonds or the interest thereon or be entitled to payment of such principal and interest from any other funds of the Issuer except from the Pledged Revenues in the manner provided herein. SECTION 15. PLEDGED REVENUES. Until payment has been provided for as herein permitted, the payment of the principal of and interest on the Bonds shall be secured forthwith equally and ratably by an irrevocable lien on the Pledged Revenues prior and superior to all other liens or encumbrances on such Pledged Revenues and the Issuer does hereby irrevocably pledge such Pledged Revenues to the payment of the principal of and interest on the Bonds, the reserves therefor, and for all other required payments. The Pledged Revenues shall immediately be subject to the lien of this pledge without any physical delivery thereof or further act, and the lien of this pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the Issuer. All funds and accounts created pursuant hereto shall be held by the Finance Director(or such other officer of the Issuer as shall be approved by the Issuer)as trust funds for payment of the Bonds. Notwithstanding the foregoing, on the date that such Bonds maturing April 1, 2021 are paid, the pledge of the lien on the Fourth Cent Tourist Development Tax and the Local Government Half- Cent Sales Tax shall cease, terminate and be discharged. Concurrent with such termination, funds held in the Fourth Cent Tourist Development Tax subaccount of the Revenue Fund and the Local Government Half-Cent Sales Tax subaccount of the Revenue Fund shall be released to the Issuer. SECTION 16. CREATION OF FUNDS AND ACCOUNTS. There is hereby created the following funds and accounts: A. Revenue Fund, and within the Revenue Fund, the State Payments Account, the Fourth 11