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<br /> <br /> <br /> <br /> <br /> <br /> Bond or portion thereof called for prepayment or redemption prior to maturity, within 45 <br /> days prior to its prepayment or redemption date. <br /> <br /> IN THE EVENT any Paying Agent/Registrar for this Bond is changed by the Issuer, <br /> resigns, or otherwise ceases to act as such, the Issuer has covenanted in the Bond Ordinance <br /> that it promptly will appoint a competent and legally qualified substitute therefor, and <br /> promptly will cause written notice thereof to be mailed to the registered owner of this Bond. <br /> <br /> IT IS HEREBY certified, recited, and covenanted that this Bond has been duly and <br /> validly authorized, issued, and delivered; that all acts, conditions, and things required or <br /> proper to be performed, exist, and be done precedent to or in the authorization, issuance, <br /> and delivery of this Bond have been performed, existed, and been done in accordance with <br /> law; that this Bond is a general obligation of the Issuer, issued on the full faith and credit <br /> thereof; and that ad valorem taxes sufficient to provide for the payment of the interest on <br /> and principal of this Bond, as such interest comes due, and as such principal matures, have <br /> been levied and ordered to be levied against all taxable property in the Issuer, and have <br /> been pledged for such payment, within the limit prescribed by law, and that this Bond is <br /> additionally secured from surplus revenues of the Issuer's combined Waterworks and Sewer <br /> System, remaining after payment of all operation and maintenance expenses thereof, and <br /> all debt service and reserve requirements and any other payments, and deposits required in <br /> connection with the Issuer's Additional Parity Bonds or other revenue bonds (now or <br /> hereafter outstanding), which are payable from all or any part of the Net Revenues of the <br /> Issuer's combined Waterworks and Sewer System, all as described in the Bond Ordinance. <br /> <br /> THE ISSUER has reserved the right, subject to the restrictions stated, and adopted <br /> by reference, in the Bond Ordinance authorizing this Series of Bonds, to issue additional <br /> parity bonds or other revenue bonds which may be made payable from, and secured by a <br /> first lien on and pledge of, the aforesaid Net Revenues, superior to the pledge for the <br /> payment of the Bonds. <br /> <br /> THE REGISTERED OWNER HEREOF shall never have the right to demand <br /> payment of this Bond or the interest hereon out of any funds raised or to be raised by <br /> taxation, or from any sources whatsoever other than those described in the Bond Ordinance. <br /> <br /> BY BECOMING the registered awner of this Bond, the registered owner thereby <br /> acknowledges all of the terms and provisions of the Bond Ordinance, agrees to be bound <br /> by such terms and provisions, acknowledges that the Bond Ordinance is duly recorded and <br /> available for inspection in the official minutes and records of the governing body of the <br /> Issuer, and agrees that the terms and provisions of this Bond and the Bond Ordinance <br /> constitute a contract between the registered owner hereof and the Issuer. <br /> <br /> <br /> <br /> <br /> <br /> <br /> 8 <br />