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Principal Balance of <br />Payment Date Amount Paid Principal Unpaid <br />Authorized <br />Officer of <br />Bond <br />Registrar <br />SECTION 14. BONDS NOT GENERAL OBLIGATIONS. The Bonds <br />shall not be or constitute general or moral obligations or a pledge <br />of the faith, credit or taxing power of the District, the County, <br />the State of Florida or any political subdivision thereof or an <br />indebtedness of any of them as "bonds" within the meaning of the <br />Constitution of the State of Florida, but shall be special <br />obligations of the District payable solely from and secured solely <br />by a lien upon and a pledge of the Pledged Funds. No Registered <br />Owner shall ever have the right to compel the exercise of the ad <br />valorem taxing power of the District, the County, the State of <br />Florida or any political subdivision thereof, or taxation in any <br />form of any real property therein, to pay the Bonds or the interest <br />thereon, or be entitled to payment of such principal and interest <br />from any funds of the District other than the Pledged Funds. <br />SECTION 15. SECURITY FOR BONDS. The payment of the <br />principal of, premium, if any, and interest on the Bonds shall be <br />secured forthwith equally and ratably by a pledge of and a first <br />lien upon the Pledged Funds. The District does hereby irrevocably <br />pledge the Pledged Funds to the payment of the principal of, <br />premium, if any, and interest on the Bonds. <br />SECTION 16. COVENANTS OF THE DISTRICT. For so long as <br />any of the principal of and interest on any of the Bonds shall be <br />outstanding and unpaid, or until there shall have been set apart in <br />the Sinking Fund hereinafter created, a sum sufficient to pay, <br />when due, the entire principal amount of the Bonds remaining <br />unpaid, together with interest accrued and interest to accrue <br />thereon through such payment date or until the provisions of <br />Section 20 hereof have been satisfied, the District covenants with <br />the holders of the Bonds issued pursuant to this Resolution that: <br />A. REVENUE FUND. The entire Gross Revenues shall upon <br />receipt thereof be deposited in the "Solid Waste Disposal System <br />14 <br />