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<br />JUN 2 51990 Boas 43 PACE 933
<br />revenues to be derived from the operation of the System, in the
<br />manner described in the Resolution. It is expressly agreed by
<br />the holder of this Bond that the full faith and credit of the
<br />Issuer are not pledged to the payment of the principal of and
<br />interest on this Bond and that such holder shall never have the
<br />right to require or compel the exercise of any taxing power of,
<br />the Issuer to the payment of such principal and interest or the
<br />cost of maintaining, repairing and operating the System. This
<br />Bond and the obligation evidenced hereby shall not constitute a
<br />lien upon the System or any part thereof or upon any other pro-
<br />perty of the Issuer or situated within its corporate limits, but
<br />shall constitute a lien only on the gross revenues derived from
<br />the operation of the System.
<br />In and by the Resolution, the Issuer has covenanted and
<br />agreed with the holder of this Bond that it will fix, establish,
<br />revise from time to time whenever necessary, maintain and collect
<br />always such fees, rates, rentals and other charges for the use of
<br />the product, services and facilities of the System which will
<br />always produce cash revenues sufficient to pay, and out of such
<br />funds pay, as the same shall become due, the principal of and
<br />interest on the Bond, the necessary expenses of operating and
<br />maintaining the System and all reserve, Sinking Fund or other
<br />payments required by the Resolution; and that such rates,
<br />rentals, fees and other charges will not be reduced so as to be
<br />insufficient to provide funds for such purposes.
<br />As provided in the Resolution, this Bond is exchangeable
<br />at the expense of the owner and.holder hereof at any time, not
<br />more than ninety days after surrender of this Bond to the Clerk
<br />hereinafter mentioned, as Bond Registrar, for an equal aggregate
<br />principal amount of coupon Bonds, payable to bearer, registrable
<br />as to both principal and interest, in the denomination of $1,000
<br />each (except if this Bond is exchanged prior to September 1,
<br />1983, Bond numbered 1 shall be in the denomination of $53,900
<br />and maturing in the amounts and on September 1 of the years
<br />corresponding to the years and amounts of the unpaid installments
<br />of principal of this Bond, and in the form of such coupon Bonds
<br />as provided for in the Resolution.
<br />The installments of principal payable upon this Bond on
<br />or before September 1, 1990, are not subject to prepayment prior
<br />to their respective dates of payment. The installments of prin-
<br />cipal payable on this,Bond which shall be payable September 1,
<br />1991, and thereafter may, at the option of the Issuer, be prepaid
<br />in whole or in part, but only in multiples of $1,000, in inverse
<br />chronological order of the installments, on September 1, 1990, or
<br />on any interest payment date thereafter at par and accrued
<br />interest, plus the following premiums, expressed as percentages
<br />of the principal amount of the installments so prepaid, if pre-
<br />paid in the following years:
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