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negotiable coupon bonds of said District, in the aggregate principal amount of EIGHTY THOUSAND
<br />DOLLARS ($80,000.00) to be designated
<br />"WABASSO BRIDGE DISTRICT
<br />REFUNDING BONDS"
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<br />Said bonds shall be numbered, shall be in the denomination, ands -subject to the right of �rior
<br />redemption, as hereinafter provided, shall mature and be in the amount as followst
<br />Bond numbers Maturity
<br />(Inclusive) denomination C 1) mount
<br />1 to 80 $10000.00 1968 $80 r OOO.00
<br />(b) That said Refunding Bonds, in the aggregate principal amount of $809000.009
<br />shall be dated January 1, 1938, and shall bear interest from date thereof until paid, or until
<br />called for redemption, which interest shall be payable semi-annually . on ..the first days of
<br />January and July of each year, and said interest, except as hereinafter otherwise provided,
<br />shall be enforceable and collectible at the rate of four per cent. (0) per annum from the
<br />date of the bonds to January B, 1947; at the rate of five .per cent. (5%) per annum from and
<br />including January 1, 1947, to January 1, 1955; and at the -rate of six per cent. (6%) per annum
<br />from and including January 1, 1955, and thereafter; and said interest at said rates shall be
<br />evidenced by coupons attached to each bond. Each of said Refunding Bonds shall be signed by
<br />the Chairman of the Board of County Commissioners of Indian River County, Florida, and the cor-
<br />porate seal of said Board shall be affixed thereto, attested by the Clerk of said Board. In-
<br />terest coupons attached to each ofrsaid Refunding Bonds shall be executed with the facismile
<br />signatures of the said Chairman and Clerk, and said officials, by the execution of said bonds,
<br />shall adopt as and for their own proper signatures their respective facsimile signatures on
<br />each of said coupons.
<br />Section 3. (a) That said Refunding Bonds., the.coupons thereto attached, and the
<br />validation certificate to be endorsed thereon, shall be in substantially- the following forms
<br />UNITED STATES OF AICA
<br />'Bond No.� STATE OF FLORIDA $19000.00
<br />COUNTY OF INDIAN RIVER
<br />WABASSO BRIDGE DISTRICT
<br />REFUNDII9G BOND
<br />KNOW ALL MEN BY THESE PRESENTS: That-Iffabasso Bridge District, in the County of
<br />Indian River, State of Florida, by and through the Bona of County Commissioners of said
<br />County and State, as the governing authority of said District, hereby acknowledges itself to
<br />be indebted, and, for value received, hereby promises to pay to the bearer the principal sum
<br />of
<br />ONE THOUSAND DOLLARS'
<br />on the first day of January, A. D. 1968, with the option. of .prior redemption as hereinafter
<br />provided, and to pay interest on said sum, as hereinafter specified, from the date hereof un-
<br />til paid,
<br />or until called for redemption, payable semi-annually on the
<br />first
<br />days
<br />of January
<br />and July
<br />of each year, such interest to the maturity date of this . bond
<br />to be
<br />paid
<br />upon pre-
<br />sentation and surrender of the attached coupons as. -they severally become due. Both principal
<br />and interest of this bond are payable in lawful money of the United State of America at the
<br />Guaranty Trust Company of New York, in the City of New York, New York; and far the prompt
<br />payment of this bond, and the interest thereon, as the same becomes; due, the full faith,
<br />credit, and taxing power of said District are hereby irrevocably pledged to the same extent
<br />and with like force and effect as the same were pledged for the payment of the indebtedness
<br />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 date hereof to
<br />anuarY, '; at the rate of five per cent. per annum from and including January 1, 19479
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