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registration books, in accordance with the terms of the Resolution. <br />Such notice is to specify the series, maturities and numbers of <br />Bonds to be redeemed (including the CUSIP number); the date fixed <br />for redemption; the redemption price or prices applicable to the <br />Bonds to be redeemed; and that on the date fixed for redemption such <br />Bonds will be payable at the principal corporate trust office of the <br />Paying Agent and that after such date interest shall cease to accrue <br />on such Bonds. If holders or Registered Owners of all such Bonds to <br />be redeemed file written waivers of notice with the Paying Agent, <br />such Bonds may be redeemed on the redemption date without necessity <br />of notice by mailing. Failure to mail any notice of redemption or <br />any defect therein or in the mailing thereof will not affect the <br />validity of any proceeding for redemption of other Bonds so called <br />for redemption. <br />SECURITY AND SOURCES OF PAYMENT <br />Pledge of Net Revenues <br />The Series 1989 Bonds are limited obligations of the County. <br />The Series 1989 Bonds will be payable solely by the County from and <br />secured by a lien upon and pledge of the "Net Revenues" of the <br />System, together with such other revenues and funds which the County <br />may choose to pledge by subsequent resolution as described below. <br />Subject to the release of security as discussed below, "Net <br />Revenues" for purposes of the Series 1989 Bonds means Revenues less <br />Operating Expenses. "Revenues" as used herein means: (i) all <br />receipts and revenues of the County derived from the imposition, <br />collection and enforcement of uniform water and sewer service rates, <br />fees and charges for the use of and the services furnished or to be <br />furnished by the facilities constituting the System, including the <br />earnings and interest income derived from the investment of moneys <br />on deposit in various funds and accounts established in connection <br />with the System, but excluding Surcharges, Impact Fees, Special <br />Assessments, Franchise Fees and Fees in lieu of Franchise Fees (the <br />"Uniform Charges"); (ii) such Surcharges, Impact Fees, Special <br />Assessments, Franchise Fees and Fees in lieu of Franchise Fees as <br />the County, by resolution, may pledge specifically in connection <br />with the Series 1989 Bonds; and (iii) such other revenues of the <br />County as the County, by resolution, may pledge specifically in <br />connection with the Series 1989 Bonds. <br />THE REVENUES PLEDGED IN CONNECTION WITH THE SERIES 1989 BONDS <br />INCLUDE ONLY THE UNIFORM CHARGES OF THE SYSTEM AND DO NOT INCLUDE <br />ANY SURCHARGES, IMPACT FEES, SPECIAL ASSESSMENTS, FRANCHISE FEES, <br />FEES IN LIEU OF FRANCHISE FEES OR OTHER REVENUES OF THE SYSTEM. <br />The County may, by resolution of the Board filed with the Clerk <br />of the Board of County Commissioners, except and release from the <br />foregoing pledge and lien, and the phrase "Revenues" as used in <br />connection with the Series 1989 Bonds shall no longer include, the <br />receipts and revenues of the County derived from the Uniform Charges <br />