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Revenue bonds, series 1981, dated October 1, 1981, and part of the <br />cost of completing the reconstruction and alteration of certain <br />facilities of the County for use as an Administration Building, <br />Courthouse and Annexes and the construction of additional court- <br />room facilities in the County, under the authority of and in full <br />compliance with the Constitution and Statutes of the State of <br />Florida, including particularly Chapter 125, Florida Statutes, <br />County Ordinance No. 77-19, enacted August 3, 1977, and effective <br />August 9, 1977, as amended, Chapter 83-271, Laws of Florida, Acts <br />of 1983, and other applicable provisions of law, and a resolution <br />duly adopted by the Board of County Commissioners (the "Board") of <br />the County on the day of <br />, 1984,_as supplemented <br />(hereinafter called "Resolution"), and is subject to all the terms <br />and conditions of such Resolution. <br />This bond and the interest thereon are payable solely <br />from and secured by a lien upon and a pledge of the first $446,500 <br />of the Race Track Funds and Jai Alai Fronton Funds accruing <br />annually to the County under the provisions of Chapters 550 and <br />551, Florida Statutes, and allocated to the Board pursuant to law, <br />and certain investment income accruing to the County under a <br />Senior Lien Resolution pursuant to which certain Senior Lien <br />Bonds, hereinafter defined, have been issued or will be issued <br />concurrently with the issuance of the bonds of the issue of which <br />this bond is one (said Race Track Funds and Jai Alai Fronton Funds <br />and Senior Lien Resolution investment income being collectively <br />called the "Pledged Revenues"), and the income from the invest- <br />ment of monies held in the funds and accounts established by <br />Section 18 of the Resolution. This bond does not constitute an <br />indebtedness of the Board or of the County within the meaning of <br />any constitutional, statutory or charter provision or limitation. <br />The lien on the Pledged Revenues of the holders of the <br />bonds of the issue of which this bond is one is junior, inferior <br />and subordinate in all respects to the lien on said Pledged <br />Revenues of the holders of the outstanding $5,700,000 Capital <br />-15- <br />MAY 2 3 1984 BOOK 57 FAGE?08 <br />