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<br />interest payment date prior to maturity, at par plus accrued interest at the rate then pre-
<br />vailing as enforceable- and.-.colle,ctib.le.
<br />The option to call any of.said Refunding Bonds.pr.ior to maturity.-shall,be, -exercised
<br />in the following manner: the Refunding Bgnds.to be dalled-shall be drawn -by lot from all the a
<br />bonds then outstanding, and. notice of such redemption,_ -identifying the - bonds to. ,be. redeemed
<br />by date, number, and maturity, shall be .filed at..the place whereat -the .principal .and interest
<br />are payable, such notice to be filed at -least. thirty (30.) days prior ,to. such redemption .date.,
<br />and said notice of intention to redeem said bonds shall -be published once, not..more than six-
<br />ty (60) nor less than thirty (30) days prior to such redemption date in at least two publi4-►
<br />cations, one of which shall be a newspaper of general. circulation..printed- and published in
<br />Indian River County, Florida, and the other shall be a financial . journal:published..in the City
<br />of New York, New York; and said bonds, when so called, shallcease to.bear ,interest on such
<br />redemption date, provided that adequate funds for their redemption shall.have been provided
<br />and set aside by said District for such purpose.
<br />That if there be no newspaper of general circulation printed and published in Indian
<br />River County, Florida, in which to publish the notices required by this section, or by any
<br />other section of this resolution, then any of said notices may be published in a_newspaper
<br />having general circulation in said 0ounty.
<br />Section 6. That said Refunding Bonds, the coupons thereto attached, and
<br />the validation certificate to be endorsed thereon, shall be in substantially the following
<br />form:
<br />Bond No. ______.
<br />UNITED STATES OF AMERICA
<br />STATE OF FLORIDA
<br />COUNTY OF INDIAN RIVER
<br />SPECIAL ROAD & BRIDGE DISTRICT NO. 4
<br />ROAD AND BRIDGE REFUNDING BOND
<br />$1,000.00
<br />KNOW ALL MEN BY THESE PRESENTS: That Special Road and Bridge District No. 4. in the
<br />County of Indian River, State of Florida, by and through the Board of County Commissioners of
<br />said County and State, as the governing authority of said District, hereby acknowledges it-
<br />self to be iAdebted, and, for value received, hereby promises to pay to the bearer on the
<br />first day of January, A. D. 1967, the principal sum of
<br />ONE THOUSAND DOLLARS
<br />with the option'of prior redemption as hereinafter provided, and to pay interest on said sum,
<br />as hereinafter specified, from the date hereof until paid, or until called for redemption,pg
<br />able semi-annually on the. first days of January and July of each year, such interest to the
<br />maturity date of this bond to be paid upon presentation and surrender of the attached coupons
<br />as they severally become due. Both principal and interest of this bond are payable in lawful
<br />money of the United States
<br />of America at Chemical Bank
<br />and Trust Company
<br />of New York,
<br />in the
<br />City of New York, New York,
<br />and for the prompt payment
<br />of this bond, and
<br />the interest
<br />thereon,
<br />as the same becomes due, the full faith, credit and taxing power of said District are hereby
<br />irrevocably pledged to the same extent and with like force and effect as the same were pledged
<br />for the payment of the indebtedness refunded hereby.
<br />Interest on this bond, as evidenced by the interest coupons hereto attached, shall
<br />be enforceable and collectible at the rate of four per cent. per annum from the date hereof
<br />to January 1, 1946; at the rate of five per cent. per annum from and including January 1, 1946,
<br />to January 1, 1954; and at the rate of six per cent. per annum thereafter.
<br />In case of default in the payment of interest on this bond, or in case of failure or
<br />refusal of the governing body of said District to cause to be levied the taxes provided to be
<br />levied for the interest and sinking fund of the issue of bonds of which this bond is one, the
<br />said District shall be accorded a period of six months after the happening of such default,
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