1982-141 - Laserfiche WebLink

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as the Note and attached coupons, if any, so mutilated, destroyed, stolen or lost, in exchange and substitution for such mutilated Note, upon surrender and cancellation of such mutilated Note and attached coupons, if any, or in lieu of and substitution for the Note and attached coupons, if any, destroyed, stolen or lost, and upon the holder furnishing the Board proof of his ownership thereof and satisfactory indemnity and complying with such other reasonable regulations and conditions as the Board may prescribe and paying such expenses as the Issuer may incur. The Note and the coupons so surrendered shall b: cancelled by the Clerk of the Board. If the Note or coupons shall have matured or be about to mature, instead of issuing a substitute vote or coupon, the Issuer may pay the same, upon being indemnified as aforesaid, and if such Note or coupon be lost, stolen or destroyed, without surrender thereof. Any such duplicate Notes issued pursuant to this section shall constitute original, additional contractual obligations on the part of the Issuer whether or not the lost, stolen or destroyed Notes be at any time found by anyone, and such dupli- cate Notes shall be entitled to equal and proportionate benefits and rights as to lien on and source and security for payment from the funds, as hereinafter pledged, to the same extent as the Notes originally issued hereunder. SECTION 8. NEGOTIABILITY AND REGISTRATION. The Notes and the coupons appertaining thereto shall be and shall have all of the qualities and incidents of negotiable instruments under the laws of the State of Florida, and each successive holder, in accepting the Notes or coupons shall he conclusively deemed to have agreed that such Notes and coupons shall be and have all the qualities and incidents of negotiable instruments under the laws of the State of Florida. The Notes are not registrable as to either principal or interest. SECTION 9. NOTES NOT GENERAL INDEBTEDNESS. The Notes shall not be or constitute a general obligation of the Issuer within the meaning of any constitutional, statutory or other limitation of indebtedness, but shall be payable from the pro- ceeds derived from the sale of the Bonds or the sale of bond anticipation notes issued to extend and renew the indebtedness evidenced by the Notes and, if necessary, from the Pledged Funds as provided herein. No holder or holders of the Notes shall ever have the right to compel the exercise of any ad valorem taxing power of the Issuer. or taxation in any form of any real property therein to pay the Notes or the interest due thereon. -8-