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<br />each year, such interest -to the maturity date of this bond to be paid up -on presentation and sur
<br />render of the attached'soupons as they severally become due. Both principal and interest of
<br />this bond are payable in lawful money of the United :Mates of -America at the Chemical Bank �
<br />Trust Company, in the City of N6w York, New Fork; and for the prompt payment of this bond, and
<br />the interest thereon, as the same become due, the full faith, credit and taxing power of said
<br />County are hereby irrevocably pledged to the some extent and with like force and effect as the
<br />same were pledged for the payment of the indebtedness funded hereby*
<br />Interest on this bond, as evidenced by the interest coupons hereto attached, shall be
<br />enforceable and Collectible at the rate of four per cente per annum from date hereof. to July 1,
<br />1942; at the rate of five per dent. per annum from and including July 19 1942, to July 1, 1947;
<br />and at the rate of six per cent* per annum thereafter.
<br />The right is hereby -reserved to call and redeem all or any part of the -issue of bonds
<br />of which this bond is one on any interest payment date prior to maturity at par plus accrued i
<br />terest at the rate then prevailing as enforceable and collectible* In the event of the exercise
<br />of.such right to oall,-not'less, than thirty nor more than sixty days notice of -such redemption
<br />will be given by filing and publication as provided by resolution of the Board of County CoWhis
<br />signers of said County authorizing the issuance of the issue of bonds of which this bond is one
<br />and said bonds, when so called, shall cease to bear interest on such redemption date, provided
<br />that adequate Binds for their redemption shall have been.provided and set aside at the designat
<br />ed paying agent by said County for such purpose*
<br />.s bond is ong of an issue of Refunding Bonds of like date and maturity, aggregat-
<br />Ing $231,189.28, identified as follows: Series As $23,500.00, bonds numbered 1 to E4, inclusive
<br />and :aeries B, $2079689.28, bonds numbered 25 to 335, inclusive.
<br />AND RFOITED that this negotiable bond is issued under the
<br />authority of and in full compliance with the General Refunding Act of 19319 being Chapter 15,177
<br />General saws of Florida, 1931,. and pursuant to a resolution duly adopted by the said Board of
<br />County Commissioners# and is issued in exchange for and as a continuations extension, merger
<br />and renewal of a like amount of valid subsisting bonded indebtedness of said County issued pri
<br />to November 6s 1934, and -outstanding at the date of the passage of said resolution and for the
<br />purpose of refund ng.said indebtedness; and that all acts# conditions and things required to
<br />happen, exist, and be performed, precedent to and in issuance of this bond have happened, exist,
<br />and have been perforated in due time, form and manner as required by law, and that neither the
<br />indebtedness which is refunded, nor the issue of bonds of which this bond is one, together with
<br />e
<br />all the other indebtedness of the said County# exceeds any limitation prescribed by the Consti-
<br />tution or statutes of the State of Florida, and that, before the issmanoe of the issue of bands
<br />of which this bond is ones provision has been made for the levy and collection of a direct an-
<br />nual tax upon all property within said County# except only such property as would be exempt
<br />from taxation under the provisions of the laws and Constitution of Florida which were In force
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<br />and effect at the time of the creation of the indebtedness refunded hereby, sufficient to pay
<br />the interest upon the issue of bonds df which this bond is one as the same shall become due and
<br />to create a sung fund for the payment of the principal thereof, at maturity, All rights and
<br />remedies vhleh were available for the support and enforcement of the bonded indebtedness refu:
<br />ed by this bond shall be available f^mr the support and enforcement of this bond*
<br />IN
<br />WI'TMSS WHMOF,
<br />the said Board of Bounty Opumissioners
<br />of
<br />the
<br />County
<br />of
<br />Indian
<br />River, State
<br />of Florida, has
<br />issued this bond and has caused the same
<br />to
<br />be
<br />sigaed
<br />by
<br />its Ch
<br />man, and the seal of said Board to be affixed hereto, attested by the Clerk pf said Board, and
<br />has caused the interest coupons hereto attached to be executed with, the facsimile signatures of
<br />the said Chairman and Clerk, all as of the first day of Julys -A, D. 1937•
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