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<br /> of principal of this Certificate of Obligation or portion
<br /> ~`hereof for which the substitute certificate of obligation is
<br /> ~;being exchanged, and shall bear interest at the rate applicable
<br /> ~;to and borne by such installment of principal or portion
<br /> :thereof. Such certificates of obligation, respectively, shall
<br /> ~be subject to redemption prior to maturity on the same dates
<br /> sFand for the same prices as the corresponding installment of ~
<br /> ;principal of this Certificate of Obligation or portion hereof ~
<br /> for which they are being exchanged. No such certificate of ~
<br /> j;obligation shall be payable in installments, but shall have ~
<br /> i'only one stated principal maturity date. AS PROVIDED IN THE a
<br /> ~:CERTIFICATE OF OBLIGATION O~tDINANCE, THIS CERTIFICATE OF ~
<br /> ~'OBLIGATION IN ITS PRESENT FORM MAY BE ASSIGNED AND TRANSFERRED ~
<br /> ~ OR CONVERTED ONCE ONLY, and to one or more assignees, but the
<br /> ,certificates of obligation issued and delivered in exchange for
<br /> J'this Certificate of Obligation or any portion hereof may be
<br /> ~assigned, transferred and converted, subsequently, as provided ~
<br /> in the Certificate of Obligation Ordinance. The Issuer shall F
<br /> ;pay the Paying Agent/Registrar's standard or customary fees and ~
<br /> 1:charges for transferring, converting, and exchanging this
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<br /> ~'Certificate of Obligation or any portion thereof, but the one
<br /> 'requesting such transfer, conversion, and exchange shall pay
<br /> ,,any taxes or governmental charges required to be paid with
<br /> 6respect thereto. The Paying Agent/Registrar shall not be ~
<br /> ~required to make any such assignment, conversion, or exchange ~
<br /> E'(i) during the period commencing with the close of business on
<br /> kany Record Date and ending with the opening of business on the ~
<br /> ;!next following principal or interest payment date, or, (ii)
<br /> 1;with respect to any Certificate of Obligation or portion E
<br /> ~'.thereof called for prepayment or redemption prior to maturity, i
<br /> t! within 20 days prior to its prepayment or redemption date. e
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<br /> ~ IN THE EVENT any Paying Agent/Registrar for this Certif-
<br /> icate of Obligation is changed by the Issuer, resigns, or
<br /> ~,otherwise ceases to act as such, the Issuer has covenanted in
<br /> ~!the Certificate of Obligation Ordinance that it promptly will
<br /> jappoint a competent and legally qualified substitute therefor, ~
<br /> ;and promptly will cause written notice thereof to be mailed to
<br /> ' the registered owner of this Certificate of Obligation.
<br /> IT IS HEREBY certified, recited, and covenanted that this
<br /> iCertificate of Obligation has been duly and validly authorized,
<br /> issued, sold, and delivered; that a11 acts, conditions, and
<br /> things required or proper to be performed, exist, and be done
<br /> lprecedent to or in the authorization, issuance, and delivery of
<br /> I this Certificate of Obligation have been performed, existed,
<br /> [and been done in accordance with law; that this Certificate of
<br /> ~Obligation is a general obligation of the Issuer, issued on the
<br /> full faith and credit thereof; and that ad valorem taxes
<br /> sufficient to provide for the payment of the interest on and
<br /> principal of this Certificate of Obligation, as such interest
<br /> and principal come due, have been levied and ordered to be
<br /> :levied against all taxable property in the Issuer, and have
<br /> 'been pledged for such payment, within the limit prescribed by
<br /> law, and that this Certificate of Obligation, together with
<br /> other obligations of the Issuer, is additionally secured by and
<br /> payable from a pledge of the revenues of the Issuer's sanita-
<br /> tion fees, remaining after payment of all operation and main-
<br /> i'tenance expenses thereof, and all debt service, reserve and
<br /> ~.other requirements in connection with all of the Issuer's
<br /> ~ revenue bonds (now or hereafter outstanding) which are payable
<br /> ~from a11 or any part of the Net Revenues of the Issuer's Solid
<br /> [Waste Disposal System, constituting "Surplus Revenues" all as
<br /> ,prescribed in the Certificate of Obligation Ordinance.
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<br /> ? BY BECOMING the registered owner of this Certificate of
<br /> Obligation, the registered owner thereby acknowledges all of
<br /> the terms and provisions of the Certificate of Obligation Ordi-
<br /> ~ nance, agrees to be bound by such terms and provisions, ~
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