Laserfiche WebLink
for terms and conditions upon which certain receipts and revenues pledged under <br />the Resolution may be released from such pledge, and for terms and conditions <br />upon which additional bonds having a senior or parity lien upon and right to <br />payment from such Pledged Funds may be issued from time to time. <br />This Bond does not constitute a general indebtedness of the County <br />within the meaning of any constitutional or statutory provision or limitation. <br />It is expressly agreed by the Registered Owner of this Bond that such Registered <br />Owner shall never have the right to require or compel the exercise of the ad <br />valorem taxing power of the County for the payment of the principal of, interest <br />or premium, if any, on this Bond or the making of any other payments specified <br />by the Resolution. It is further agreed between the County and the Registered <br />Owner of this Bond that this Bond and the indebtedness evidenced hereby shall <br />constitute a lien upon only the Pledged Funds in the manner provided in the <br />Resolution. <br />(To be inserted where appropriate on face of bond: "REFERENCE IS <br />HEREBY MADE TO THE FURTHER PROVISIONS OF THIS BOND SET FORTH ON THE REVERSE SIDE <br />HEREOF, AND SUCH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT <br />AS IF SET FORTH ON THIS SIDE.") <br />The Bonds are issuable only in the form of registered bonds, without <br />coupons, in the denominations of $5,000 principal amount or any integral <br />multiple thereof. <br />This Bond may be transferred only upon the books kept by the Bond <br />Registrar, on behalf of the County, upon surrender hereof at the principal <br />corporate trust office of the Bond Registrar with an assignment duly executed <br />by the Registered Owner or his duly authorized attorney, but only in the manner, <br />subject to the limitations and upon payment of a sum sufficient to cover any <br />tax, fee or governmental charge that may be imposed in connection with such <br />transfer, all as provided in the Resolution. Upon such transfer, there shall <br />be executed in the name of the transferee, and the Bond Registrar shall deliver, <br />as early as practicable, a new fully registered bond or bonds of authorized <br />denominations in the same aggregate principal amount and of the same series, <br />maturity and interest rate as this Bond. <br />In like manner, subject to said conditions and upon payment of any <br />such sum, this Bond may be surrendered at said office of the Bond Registrar in <br />exchange for an equal aggregate principal amount of new fully registered bonds <br />of authorized denominations of the same series, maturity and interest rate as <br />this Bond. <br />The County and the Bond Registrar shall not be required to issue or <br />to register the transfer of or exchange any Bonds then considered for redemption <br />during a period beginning at the close of business on the fifteenth (15th) day <br />- 15 - <br />