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• <br />but shall be payable solely from the Revenues. The Issuer of the Bonds of each <br />Issue shall not be obligated to pay the Bonds of such Issue or the interest <br />thereon except from the revenues and proceeds pledged therefor, and neither the <br />faith and credit nor the taxing power, if any, of the Issuer of the Bonds of an <br />Issue or of the State of Florida or any political subdivision thereof is <br />r., lrha oavment of the principal of or the interset on such Bonds. <br />The Bonds of each Issue are offered subject to prior sale, when, as <br />and if issued by the Issuer thereof and accepted by the Underwriter, subject to <br />the approval of Shutts & Bowen, Miami, Florida, and Piper & Marbury, Baltimore, <br />Maryland, Co -Bond Counsel, and to certain other conditions. Certain legal <br />matters will be passed upon for the Company by Robenalt, Kendall Rodabaugh and <br />Staley, Lima, Ohio, for the Underwriter by Piper & Marbury, Baltimore, <br />Maryland, and for The Toronto -Dominion Bank by Powell, Goldstein, Frazer & <br />Murphy, Atlanta, Georgia, Mayer, Brown & Platt, Chicago, Illinois, and McCarthy <br />& McCarthy, Toronto, Canada. It is expected that the Bonds of each Issue will <br />be available for delivery in New York, New York, on or about _ , 1988, <br />ALEX. BROWN & SONS <br />Incorporated <br />