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JUL 117984 BOOK <br />SEE REVERSE SIDE FOR ADDITIONAL <br />PROVISIONS AND DEFINITIONS CUSIP: <br />No. <br />UNITED STATES OF AMERICA <br />STATE OF FLORIDA <br />INDIAN RIVER COUNTY <br />IMPROVEMENT BOND, SERIES NO. ONE <br />10.00% PER ANNUM DUE 14AY 1, 1997 <br />57 mIJE63S <br />KNOW ALL MEN BY THESE PRESENTS, that Indian River <br />County, Florida (hereinafter called "County"), for value <br />received, hereby promises to pay to the order of <br />IT or registered assignees, on the date spe- <br />cified above, solely from the special funds hereinafter <br />mentioned, the principal sum of <br />DOLLARS <br />upon the presentation and surrender hereof at the office of <br />Florida National Bank, Jacksonville, Florida, paying agent and <br />bond registrar (hereinafter called "Bond Registrar"), and to pay <br />interest thereon from the date of this bond or from the most <br />recent interest payment date to which interest has been paid, <br />whichever is applicable, until payment of such sum, at the rate <br />per annum set forth above, payable on May 1, 1986, and annually <br />thereafter on the first day of May of each year, by check or <br />draft mailed to the registered owner at his address as it appears <br />on the registration books on the fifteenth day of the month pre- <br />ceding the applicable interest payment date. Both principal of <br />and interest on this bond are payable in lawful money of the <br />United States of America. <br />This bond is one of an authorized issue of bonds, in the <br />aggregate principal amount of not exceeding $2,050,000, issued to <br />finance the cost of the acquisition and construction of certain <br />water distribution improvements to the combined water and sewer <br />system of the County (hereinafter called "Project"), under the <br />authority of and in full compliance with the Constitution and <br />-1- <br />