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<br />FORM OF ASSIGNMENT: <br />ASSIGNMENT <br /> <br />FOR VALUE RECEIVED, the undersigned registered owner of this Bond, or duly authorized <br />representative or attorney thereof, hereby assigns this Bond to <br /> <br />/ / <br />(Assignee's Social Security <br />or Taxpayer Identification Number <br /> <br />(print or type Assignee's name <br />and address, including zip code) <br /> <br />and hereby irrevocably constitutes and appoints <br /> <br />attorney to transfer the registration of this Bond on the Paying Agent/Registrar's Registration Books with full <br />power of substitution in the prenUses. <br />Dated <br /> <br />Signature Guaranteed: <br /> <br />NOTICE: This signature must be guaranteed by a member of the New York Slock Exchange or a <br />commercial bank or trust company. <br /> <br />Regislered Owner <br />NOTICE: This signature must correspond with the name of the Registered Owner appearing on the <br />face of this Bond in every particular without alteration or enlargement or any change whalsoever. <br /> <br />Section 8. TAX LEVY. A special Interest and Sinking Fund (the "Interesl and Sinking Fund") <br />is hereby created solely for the benefit of the Bonds, and the Interest and Sinking Fund shall be established <br />and maintained by the Issuer at an official depository bank of the Issuer. The Interest and Sinking Fund shall <br />be kept separate and apart from all other funds and accounts of the Issuer, and shall be used only for paying <br />the interest on and principal of the Bonds. All ad valorem taxes levied and collected for and on account of <br />the Bonds, logether with any premium received from the sale of the Bonds, shall be deposited, as collected, <br />to the credit of the Interest and Sinking Fund. During each year while any of the Bonds or interest thereon <br />are outstanding and unpaid, the governing body of the Issuer shall compute and ascertain a rate and amounl <br />of ad valorem tax which will be sufficient to raise and produce the money required to pay the principal of its <br />Bonds as such principal matures (bUI never less than 2% of the original principal amounl of the Bonds as a <br />sinking fund each year); and said tax shall be based on the latest approved tax rolls of the Issuer, with full <br />allowance being made for tax delinquencies and the cosl of tax colleclion. Said rate and amount of ad <br />valorem tax is hereby levied, and is hereby ordered to be levied, against all taxable property in the Issuer for <br />each year while any of the Bonds or inlerest thereon are outstanding and unpaid; and said tax shall be <br />assessed and collected each such year and deposited to the credit of the aforesaid Interest and Sinking Fund. <br />Said ad valorem taxes sufficient to provide for the payment of the interest on and principal of the Bonds, as <br />such interesl comes due and such principal matures, are hereby pledged for such payment, within the limit <br />prescribed by law. <br /> <br />Section 9. REVENUES. That said Bonds, together with other obligations of the Issuer, are <br />additionally secured by and shall be payable from and secured by the colleclion of the sutplus revenues of <br />the Issuer's Waterworks and Sewer System, after payment of all expenses of operation and mainlenance <br />thereof, and all debt service, reserve, and olher requirements in connection with all of the Issuer's revenue <br /> <br />17 <br />