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MAY 2 3 1984 <br />BOOK <br />57, <br />FACE <br />Improvement Revenue <br />Bonds, Series 1984 (the "Senior Lien <br />Bonds"). <br />It is expressly agreed by the owner of this bond that such <br />owner shall never have the right to require or compel the levy of <br />ad valorem taxes for the payment of the principal of and interest <br />on this bond or for the making of any sinking fund, reserve or <br />other payments provided for in the Resolution. This bond and the <br />indebtedness evidenced thereby shall not constitute a lien upon any <br />property of the Board or upon any property of or in the County but <br />shall constitute a lien only upon the Pledged Revenues and the <br />income from investments in the funds and accounts established by <br />Section 18 of the Resolution in the manner above recited. <br />(To be inserted where appropriate on face of bond: <br />"REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS BOND <br />SET FORTH ON THE REVERSE SIDE HEREOF, AND SUCH FURTHER PROVISIONS <br />SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH ON <br />THIS SIDE.") r <br />This bond may be transferred only upon the books of the <br />County kept by the Bond Registrar under the Resolution upon <br />surrender thereof at the principal office of the Bond Registrar <br />with an assignment duly executed by the Registered Owner or his <br />duly authorized attorney, but only in the manner, subject to the <br />limitations and upon payment of the charges, if any, provided in <br />the Resolution, and upon surrender and cancellation of this bond. <br />Upon any such transfer, there shall be executed in the name of the <br />transferee, and the Bond Registrar shall deliver, a new registered <br />bond or bonds in the same aggregate principal amount and series, <br />maturity and interest rate of the authorized denominations as the <br />surrendered bond. <br />In like manner, subject to such conditions and upon the <br />payment of such charges, if any, the registered owner of any bond or <br />bonds may surrender the same (together with a written instrument of <br />transfer satisfactory to the Bond Registrar duly executed by the <br />Registered Owner or his duly authorized attorney) in exchange for <br />an equal aggregate principal amount of fully registered bonds of the <br />-16- <br />