|
KNOW ALL MEN BY THESE PRESENTS, that INDIAN RIVER COUNTY, FLORIDA (the
<br />"County"), for value received, hereby promises to pay to the Registered Owner
<br />named above, or registered assigns, solely from the Pledged Funds, hereinafter
<br />defined, on the Maturity Date specified above, the Principal Amount specified
<br />above, unless this Water and Sewer Revenue Bond, Series _ (the "Bond") shall
<br />be redeemable and duly shall have been called for earlier redemption and payment
<br />of the redemption price shall have been made or provided for, and to pay, solely
<br />from such Pledged Funds, semiannually on and of each year,
<br />beginning , interest on the Principal Amount specified above, at
<br />the Rate of Interest specified above, per annum, until such Principal Amount is
<br />paid in full. Interest on this Bond shall be payable from the interest payment
<br />date next preceding the date of registration and authentication of this Bond,
<br />unless: (a) this Bond is registered and authenticated as of an interest payment
<br />date, in which event this Bond shall bear interest from such interest payment
<br />date; or (b) this Bond is registered and authenticated after a Record Date
<br />(hereinafter defined) and before the next succeeding interest payment date, in
<br />which event this Bond shall bear interest from such interest payment date; or (c)
<br />this Bond is registered and authenticated on or prior to the Record Date first
<br />preceding in which event this Bond shall bear interest from
<br />; or (d) as shown by the records of the Paying Agent (hereinafter
<br />defined), interest on this Bond is in default, in which event this Bond shall
<br />bear interest from the date to which interest was last paid on this Bond. The
<br />Principal Amount hereof, together with any applicable redemption premium with
<br />respect thereto, shall be payable, when due upon maturity or earlier redemption,
<br />upon presentation and surrender of this Bond at the corporate trust office of
<br />(the "Paying Agent") located in , Florida,
<br />as Paying Agent. Interest hereon shall be paid, when due, by check mailed to the
<br />Registered Owner whose name and address shall appear, at 5:00 P.M. prevailing
<br />local time at the location of the Bond Registrar (hereinafter defined) on the
<br />fifteenth (15th) day of the month next preceding each interest payment date (the
<br />"Record Date"), on the registration books maintained by
<br />(the "Bond Registrar"), , Florida, as Bond Registrar, irrespective
<br />of any transfer or exchange of this Bond subsequent to such Record Date and prior
<br />to such interest payment date, unless the County shall be in default in payment
<br />of interest due on such interest payment date. In the event of any such default,
<br />such defaulted interest shall be payable to the person in whose name this Bond
<br />is registered on such registration books at 5:00 P.M. prevailing local time at
<br />the location of the Bond Registrar on a special record date for the payment of
<br />such defaulted interest established by notice mailed by the Paying Agent to the
<br />Registered Owner of this Bond not less than fifteen (15) days preceding such
<br />special record date. Such notice shall be mailed to the persons in whose names
<br />the Bonds are registered at the close of business of the Bond Registrar on the
<br />fifth (5th) day preceding the date of mailing. At the option of any Registered
<br />Owner of $1,000,000 or more in aggregate principal amount of Series 1993 Bonds
<br />on any Record Date, interest shall be payable by domestic wire transfer pursuant
<br />to written instructions from such Registered Owner; provided that such
<br />instructions are on file with the Paying Agent not later than such Record Date.
<br />The principal of, premium, if any, and interest on this Bond are payable in
<br />lawful money of the United States of America,
<br />This Bond is one of the revenue bonds authorized by the County under the
<br />authority of and in full compliance with the Constitution and laws of the State
<br />of Florida, including particularly Chapter 125, Florida Statutes, and Resolution
<br />No. 93-_ of the County, all as amended and supplemented, and other applicable
<br />provisions of law. The above -referenced resolution as amended and supplemented
<br />12
<br />
|