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Issuer on any interest payment date prior to maturity at the price <br />of par and accrued interest, without premium. <br />2.05 Execution of Bonds. The Bonds shall be executed in <br />the name of the Issuer with the manual or facsimile signature of <br />the Chairman and the corporate seal of the Issuer shall be <br />imprinted thereon, attested and countersigned with the manual or <br />facsimile signature of the Clerk, provided that the signature of <br />one of such officers shall be manually executed thereon. In case <br />any one or more of the officers who shall have signed or sealed any <br />of the Bonds or whose facsimile signature shall appear thereon <br />shall cease to be such officer of the Issuer before the Bonds so <br />signed and sealed have been actually sold and delivered such Bonds <br />may nevertheless be sold and delivered as herein provided and may ! <br />be issued as if the person who signed or sealed such Bonds had not <br />ceased to hold such office. The validation certificate endorsed on <br />{ <br />the Bonds shall be executed with the manual or facsimile signature <br />of the Chairman. Any Bond may be signed and sealed on behalf of j <br />the Issuer by such person who at the actual time of the execution <br />of such Bond shall hold the proper office of the Issuer, although <br />at the date of such Bonds such person may not have held such office <br />or may not have been so authorized. The coupons attached to the <br />Bonds shall be authenticated with the facsimile signatures of any <br />e present or future Chairman and Clerk. The Issuer may adopt and use <br />for such purposes the facsimile signatures of any such persons who <br />shall have held such offices at any time after the date of the <br />adoption of this Instrument, notwithstanding that either or both <br />shall have ceased to hold such office at the time the Bonds shall <br />be actually sold and delivered. <br />2.06 Negotiability and Registration. The•Bonds shall be <br />and -shall have all the qualities and incidents of negotiable <br />instruments under the law merchant and the Laws of the State of <br />Florida, and each successive holder, in accepting any of the Bonds <br />or the coupons appertaining thereto, shall be conclusively deemed <br />to have agreed that the Bonds shall be and have all of said quali- <br />ties and incidents of negotiable instruments. <br />-7- <br />JAN 41979 <br />