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JUN u J 1980BOQd 3 f'A�E 27 <br />N0. <br />(FORM OF COUPON BOND) <br />UNITED STATES OF AMP RICA <br />STATE OF FLORIDA <br />COUNTY OF .INDIAN RIVER <br />WATER REMWE' 130NDF SERIES 1980 <br />(SOUTH COUNTY WATER SYSTEM) <br />$1,000 <br />KNOW ALI, MEN BY THESE PRESENTS, that the County Of <br />Indian River, Florida, a public body created and existing under <br />and by virtue of the laws of the State of Florida (the "Issuer"), <br />for value received, hereby promises to pay to the bearer, or, if <br />this Bond be registered, to the registered holder as herein <br />Provided, on the first day of September, 19 from the special <br />funds hereinafter mentioned, the principal sum of <br />ONE THOUSAND DOLLARS <br />and to pay interest thereon, from the dare of the delivery of <br />this Bond to the purchaser thereof, solely from such special <br />funds, at the rate ofper centum ( %) per annum, <br />payable on September 1, 198'1, and annually thereafter on the <br />first day of September of each year upon the presentation and <br />surrender of the annexed coupons as they severally fall due, <br />unless registered. Both principal of and interest on this Bond <br />are payable at <br />in lawful money of the United States of America. <br />This Bond is one of an authorized issue of Bonds in the <br />aggregate principal amount of $5,825,900 of like date, tenor and <br />effect, except as to number, denomination and date of maturity, <br />issued to finance a part of the cost_ of acquiring and construct- <br />ing certain water facilities in the southern part of the Issuer <br />(the "System"), under the authority of and in full compliance <br />with the Constitution and Statutes of the State of Florida, par- <br />ticularly Ch. 159, Fla. Star_. (1979), and a resolution duly <br />adopted by the Issuer on June 25, 1980 (the "Resolution"), and is <br />subject to all the terms and conditions of the Resolution. <br />This Bond and the interest thereon are payable solely <br />from and secured by a prior lien upon and a pledge of the gross <br />revenues to be derived from the operation of the System, in the <br />manner described in the Resolution. It is expressly agreed by <br />the holder of this Bond that the full faith and credit of the <br />Issuer are not pledged to the payment of the principal of and <br />interest on this Bond and that such holder shall never have the <br />right to require or compel the exercise of any taxing power of <br />-9- <br />