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El <br />day of , 1979, as supplemented (hereinafter <br />collectively called "Resolution"), and is subject to all the <br />terms and conditions of such Resolution. <br />This bond and the coupons appertaining thereto are <br />payable solely from and secured by a first lien upon and a pledge <br />of that portion of the Race Track Funds and Jai Alai Fronton <br />Funds accruing annually to the County under the provisions of <br />Chapters 550 and 551, Florida Statutes, and allocated to the <br />Board pursuant to law and the income from the investment of <br />monies held in the funds and accounts established by Section 14 <br />of the Resolution. This bond does not constitute an indebtedness <br />of the Board or of the County within the meaning of any constitu- <br />tional, statutory or charter provision or limitation. <br />It is expressly agreed by the holder of this bond that <br />such holder shall never have the right to require or compel the <br />levy of ad valorem taxes for the payment of the principal of and <br />interest on this bond or for the making of any sinking fund, <br />reserve or other payments provided for in the Resolution. This <br />bond and the indebtedness evidenced thereby shall not constitute <br />a lien upon any property of the Board or upon any property of or <br />in the County but shall constitute a lien only upon the portion <br />of the Race Track Funds and Jai Alai Fronton Funds accruing <br />annually to the County and the income from investments in the <br />funds and accounts established by Section 14 of the Resolution in <br />the manner above recited. <br />It is hereby certified and recited that all acts, con- <br />ditions and things required to exist, to happen and to be per- <br />formed precedent to and in the issuance of this bond exist, have <br />happened and have been performed in regular and due form and time <br />as required by the Statutes and Constitution of the State of <br />Florida applicable thereto, and that the issuance of this bond <br />and of the issue of bonds of which this bond is one does not <br />violate any constitutional or statutory limitation. <br />This bond and the coupons appertaining thereto are and <br />have all the qualities and incidents of a negotiable instrument <br />under the law merchant and the laws of the State of Florida. <br />(Insert Redemption Provisions) <br />Notice of such redemption shall be given in the manner <br />