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general obligation of the Issuer, issued on the full faith and credit thereof; and that ad valorem taxes <br />sufficient to provide for the payment of the interest on and principal of this Bond, as such interest <br />comes due, and as such principal matures, have been pledged for such payment within the limit <br />prescribed by law, and that this Bond is additionally secured from surplus revenues of the Issuer's <br />combined Waterworks and Sewer System, remaining after payment of all operation and maintenance <br />expenses thereof, and all debt service and reserve required and any other payments and deposits <br />required in connection with the Issuer's Outstanding Revenue Bonds, additional parity revenue bonds <br />or other revenue bonds (now or hereafter outstanding), which are payable from all or any part of the <br />Net Revenues of the issuer's combined Waterworks and Sewer System, all as described in the Bond <br />Ordinance. <br />THE ISSUER has reserved the right, subject to the restrictions stated and adopted by <br />reference in the Ordinance authorizing this Series of Bonds, to issue additional parity revenue bonds <br />which also may be made payable from, and secured by a lien on and pledge of the aforesaid Net <br />Revenues, superior to the pledge for the payment of the Bonds. <br />THE REGISTERED OWNER HEREOF shall never have the right to demand payment of <br />this Bond or the interest hereon, or from any sources whatsoever other than those described in the <br />Bond Ordinance. <br />BY BECOMING the registered owner of this Bond, the registered owner thereby <br />acknowledges all of the terms and provisions of the Bond Ordinance, agrees to be bound by such <br />terms and provisions, acknowledges that the Bond Ordinance is duly recorded and available for <br />inspection in the official minutes and records of the governing body of the Issuer, and agrees that <br />the terms and provisions of this Bond and the Bond Ordinance constitute a contract between each <br />registered owner hereof and the Issuer. <br />IN WITNESS WHEREOF, the Issuer has caused this Bond to be signed with the manual or <br />facsimile signature of the Mayor of the Issuer and countersigned with the manual or facsimile <br />signature of the City Clerk of the Issuer, and has caused the official seal of the Issuer to be duly <br />impressed, or placed in facsimile, on this Bond. <br />City Clerk <br />SEAL <br />Mayor <br />19 <br />