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surcharges to be derived by the County from the operation of the <br />System and certain funds and accounts pledged for the payment of <br />the principal of, interest and premium, if any, on the Bonds and <br />certain earnings thereon, all as provided in the Resolution (the <br />"Pledged Funds"). This Bond does not constitute a general <br />indebtedness of the County within the meaning of any <br />constitutional or statutory provision or limitation. <br />It is expressly agreed by the Registered Owner of this <br />Bond that such Registered Owner shall never have the right to <br />require or compel the exercise of the ad valorem taxing power of <br />the County for the payment of the principal of, interest or <br />premium, if any, on this Bond or the making of any other payments <br />specified by the Resolution. It is further agreed between the <br />County and the Registered Owner of this Bond that this Bond and the <br />indebtedness evidenced hereby shall constitute a lien upon only the <br />Pledged Funds in the manner provided in the Resolution. <br />(To be inserted where appropriate on face of bond: <br />"Reference is hereby made to the further provisions of this Bond <br />set forth on the reverse side hereof, and such further provisions <br />shall for all purposes have the same effect as if set forth on this <br />side.") <br />This Bond may be transferred only upon the books kept by <br />the Bond Registrar, on behalf of the County, upon surrender hereof <br />at the principal corporate trust office of the Bond Registrar with <br />an assignment duly executed by the Registered Owner or his duly <br />authprized attorney, but only in the manner, subject to the <br />limitations and upon payment of a sum sufficient to cover any tax, <br />fee or governmental charge that may be imposed in connection with <br />such transfer, all as provided in the Resolution. Upon such <br />transfer, there shall be executed in the name of the transferee, <br />and the Bond Registrar shall deliver, as early as practicable, a <br />new fully registered bond or bonds of authorized denominations in <br />the same aggregate principal amount, series, maturity and interest <br />rate as this Bond. <br />In like manner, subject to said conditions and upon <br />payment of any such sum, this Bond may -be surrendered at said <br />office of the Bond Registrar in exchange for an equal aggregate <br />principal amount of new fully registered bonds of authorized <br />denominations in the same series, maturity and interest rate as <br />this Bond. <br />It is hereby certified and recited that all acts, <br />conditions and things required to exist, to happen and to be <br />performed precedent to and in tho issuance of this Bond exist, have <br />happened and have been performed in regular and due form and time <br />as required by the Constitution and laws of the State of Florida <br />applicable thereto. <br />r7 <br />