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Na. ... $ <br />UNITED STATES OF AMERICA <br />STATE OF FLORIDA <br />COUNTY OF INDIAN RIVER <br />WATER AND SEWER REVENUE BONDS, SERIES 1979 <br />ANTICIPATION NOTE <br />FOR VALUE RECEIVED, the County of Indian River, Florida <br />(the "Issuer"), hereby promises to pay to the order of <br />at its principal office in the City of <br />Florida, on or before 19_, solely <br />-from the special funds hereinafter mentioned, in„lawful money of the <br />United States of America; the principal sum of <br />Dollars ($ ) and, quarterly from the date hereof, solely <br />from such special funds, interest on such principal sum from the <br />.date hereof at the rate of per centum per <br />annum, until such principal sum shall be paid. <br />This Note is issued pursuant to the Constitution and <br />laws.of the State of Florida, particularly Section 215.431, <br />Florida Statutes (1975), and a resolution duly adopted by the Issuer <br />on , 1977 (the "Resolution"), in anticipation <br />of the receipt by the Issuer of the proceeds from the sale of <br />not -exceeding $402,500 principal amount of Water and Sewer Revenue <br />Bonds, Series 1979, of the Issuer (the "Bonds"). This Note and the <br />interest due thereon are payable solely from and secured by a prior <br />lien upon and a pledge of the proceeds to be derived from the sale <br />of the Bonds and, if necessary, from and secured by a prior lien <br />.-upon and a pledge of the gross revenues to'be derived from the <br />operation of the Issuer's water -and sewer system, all in the manner <br />provided in the Resolution. <br />This Note shall not constitute a general obligation <br />of the Issuer, and the holder thereof shall never have the right <br />to require or compel the exercise of the power of the Issuer to <br />levy ad valorem taxes for the payment of.the principal of and <br />interest on this Note. <br />It is hereby certified, recited and declared that all <br />acts, conditions and things required to exist, to happen and to <br />be performed precedent to and in connection with the issuance <br />-3- <br />JAN .2 31978 . <br />PCGK PAU ���� <br />