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V16
<br />within its corporate limits, but shall constitute a lien only on
<br />the gross revenues derived from the operation of t'ie System.
<br />In and by the Resolution, the Issuer_ has covenanted and
<br />agreed with the holder of this Bond that it will fix, establish,
<br />revise from time to time whenever necessary, maintain and collect
<br />always such fees, rates, rentals and other charges for the use of
<br />the product, services and facilities of the System which will
<br />always produce revenues sufficient to pay, and out of such funds
<br />pay, ci8 the ucifile shall become due, 1LV11 vi tits current nvi,u
<br />Service Requirement, as defined in the Resolution, on this Bond
<br />and the Parity Obligations and 100% of all other payments
<br />required by the Resolution; and that such rates, rentals, fees
<br />and other charges will not be reduced so as to be insufficient to
<br />provide funds for such purposes.
<br />As provided in the Resolution, this Bond is exchangeable
<br />at the expense of the owner and holder hereof at any time, not
<br />more than 90 days after surrender of this Bond to the Clerk
<br />hereinafter mentioned, as Bond Registrar, for an equal aggregate
<br />principal amount of coupon Bonds, payable to bearer, registrable
<br />as to both principal and interest, in the denomination of $1,000
<br />each or as otherwise provided in the Resolution, and maturing in
<br />the amounts and on September 1. of the years corresponding to the
<br />years and amounts of the unpaid installments of principal of this
<br />Bond, and in the form of such coupon Bonds as provided for in the
<br />Resolution.
<br />The installments of principal payable upon this Bond on
<br />or before September 1, 1992, are riot subject to prepayment prior
<br />to their respective dates of payment. The installments of prin-
<br />cipal payable on this Bond which shall be payable September 1,
<br />1993, and thereafter may, at the option of the Issuer., be prepaid
<br />in whole or in part, but only in multiples of $1,000 or $100 (in
<br />the case of the installment payable in the year 2022), in inverse
<br />chronological order of the installments, on September 1, 1992, or
<br />on any interest payment date thereafter at par and accrued
<br />interest, plus the following premiums, expressed as percentages
<br />of the principal amount of the installments so prepaid, if pre-
<br />paid in the following years:
<br />5%, if paid on September 1, 1992, or thereafter,
<br />to and including September 1, 1994;
<br />4%, if paid on September 1, 1995, or thereafter,
<br />to and including September 1, 1999;
<br />3%, if paid on September 1, 2000, or thereafter,
<br />to and including September 1, 2003;
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