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El <br />0 <br />ART I CL.E I I I <br />C0034NTS, SPECIAL FU DS <br />AND APPL I CAT I ON - 1EREDF <br />3.01 Bonds Not to Be Indebtedness of Issuer. The Bonds shall not be <br />nor constitute general obligations or indebtedness of the Issuer as "bonds" <br />within the meaning of Art. VII, §12, Fla. Const. (1968), but shall be payable <br />solely from and secured by a lien upon and pledge of the Pledged Funds as <br />provided in the Original Resolution. No owner or holder of any Bond shall ever <br />have the right to cmrpel the exercise of any ad valorem taxing, power to pay such <br />Bond or Operating Expenses, or be entitled to payment of such Bond from any <br />money of the Issuer except from the Pledged Funds in the manner provided herein <br />and in the Original Resolution. <br />3.02 Application of Provisions of the Original Resolution. The Bonds <br />shall for all purposes be considered to be additional parity obligations issued <br />under the authority of the Original Resolution, and shall be entitled to all the <br />protection and security provided therein for the Parity Obligations, and shall <br />be in all respects entitled to the same security, rights and privileges enjoyed <br />by the Parity Obligations. <br />The covenants and pledges contained in the Original Resolution shall <br />be applicable to the Bonds in like manner as applicable to the Parity <br />Obligations. <br />The Resarve Account established in the Original Resolution shall be <br />applicable pro rata to the Bonds in the same manner as applicable to the Parity <br />Obligations, and payments shall be made therein as required by the Original <br />Resolution. <br />- 19 - <br />