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Ll 468 ��ed by the aforementioned outstanding bonds of said District as hereinafter provided. (f) All of said indebtedness constitutes "bonds" within the meaning of Section 6 of Article IX of the Constitution of Florida, as amended, so that Refunding Bonds may be legally issued for the purpose end.in the manner provided herein. (g) On November 6,'1934, the qualified electors of the State of Florida ratified an amendment to the Constitution of the State exempting from taxation homesteads up to the valu- ation of $5000.00. (h) It is the desire and intent of this Board that the indebtedness of said Special Road and Bridge District No. 4 evidenced by the said outstanding Refunding Bonds to be refundec under the provisions of this resolution shall be merged into the new Refunding Bonds herein authorized to be issued with like force and effect as to obligation as"if such indebtedness should remain unrefunded, and it is also the desire and purpose of this Board to renew and extend the contractual obligation of the indebtedness to be refunded on the same terms as to security and subject to the same conditions and provisions of law as are applicable to the saV original indebtedness, unaffected by the Constitutional amendment mentioned in the next pre- ceding paragraph of this Section, or any laws enacted subsequent to the creation of the debt evidenced by the bonds proposed to be refunded hereunder. (i) All acts, conditions, and things required by the Constitution and laws of Florida including Chapter 15772, Laws of Florida, Acts of 1931, being the General Refunding Act of 19319 to exist, happen, or be performed, precedent to the issuance of Refunding Bonds of said Special Road and Bridge District as herein provided, have happened, exist, and have been per- formed in regular and due time, form and manner, according to law. Section 2. That if any misteke or error shall have occurred in the description of any of said outstanding bonds as set forth in Section 1 (b) of this resolution, herein proposed to be refunded, such mistake or error shall be deemed to be immaterial provided the amount of Refunding Bonds issued hereunder does not exceed the amount of outstanding callable bonds surrendered in exchange or retired by the proceeds derived from sale of any of the Refunding Bonds hereby provided to be issued. Section 3(4). That for the purpose of refunding as of January 1, 19410 the Indebted- ness evidenced by the outstanding and unredeemed bonds of said Special Road and Bridge Distric as described in paragraph (b) of Section 1 hereof, there shall be and there are hereby author- ized and ordered to be issued the negotiable coupon bonds of said District in the principal amount of FOUR HUNDRED SEVENTEEN THOUSAND DOLLARS ($417,000.00), to be designated "INDIAN RIVER COMM,, FLORIDA SPECIAL ROAD AND BRIDGE DISTRICT NO. 4 ROAD AND BRIDGE REFUNDING BONDS SERIES 1941". Said bonds shall be in the denomination of $1,000.00 each, shall be numbered, aAd,without option of prior redemption, shall mature and be in the amounts as follows: Bontd Numbers �Inclusive,) 1to20 1944 $ 209000.00 21 to 34 35 to 44 45 to 54 55 to 64 65 to 75 76 to 86 87to98 130 000.00 1955 99 to 110 111 to 123 124 to 136 137 to 150 151 to 164 165 to 179 180 to 195 196 to 211 212 to 228 229 to 245 246 to 263 264 to 282 283 to 302 Maturity (January 1) Amount 1944 $ 209000.00 1945 149000.00 1946 100000.00 1947 100000.00 1948 109000,00 1949 110000.00 1950 119000.00 1951 129000.00 1952 129000.00 1953 13,000.00 1954 130 000.00 1955 14'000.00 1956 149000.00 1957 150000.00 1958 160000.00 1959 169000.00 1960 17,000.00 1961 179000.00 1962 18,Ooo.00 1963 199000.00 1964 209000.00