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a ..UL - a <br />ThO h+Older hereaf shall aever have the right to demsnd <br />paymell't Of "thi8 flb1igat3t3II Otit Af ftXIIds 2"!l$B!!a Ok' tO be 2"lL1gAd by tgmtipn. <br />Each successive holder of this btrnl and esch euccessivea holder of each caP the <br />couparu hereto attacheti, ie conclurivelY "vm*d to torego an8 xennownce hi,e <br />equities in favw of eubsaQtstnt holdars fbr va3.ue withmut natice, and t,o agree <br />that tliix bt>nd anrl eech OP tlae coupons hfteta attatched, msy be negotiated by ' <br />de].ivOry bY anY ptrEa4n havi ~ <br />n8 Posreecsion hereof, hO`W&tsstwer auch pos"seion <br />my ham3 been acquit`1ed,. an;d thet s.ny holder wco aha71 hs,ve taken thfs bond ! <br />i <br />e+r anY of t,he Cc>uPOna f-roza aay person for valuee and vithout notice, thareby ~ <br />~ <br />hu acquire8 absolute t3tIe thereto, f'ree fraan any d,aPensts enfcrceable <br />agsin9t auy pr3ar hold+er and Pree -from aIJ, eg,uities atnc3 c183ms of crvner,ship i <br />of az.y sucli prior ho3.der. Tiie City af Parris and ita ofPicislg ortd the ps3'In8 ~ <br />agent hereinabCve named sbe11 not be affee;tdsd by mV notice to the ecazttrary. <br />The City reservex the rigbt to igoue sdditional bonds an <br />s paz'itywith such bonrls for t~tezvorks axd seNer imprqvmenteE snd extenaioas,' <br />under the conditiona stated in tho ardir,sxtce sutbarizing thi.s bcnd, said bonds <br />be"Lng p"ble fro-z the esme cource as are the Bonde of this isaue and secured <br />by th~ same revenues stad eha].l be ar~ a par3'W tri-th this issu+e of bonds. <br />AM ZT TS IINMY CUTIFIffi) AND RECITID that the iasuance <br />bf this bdnd and the series raf vliicri it is a pnrt., is duljr autharized by Zatr <br />aud by a mejor3.ty of the rwident, qua].ified sl.ec'tors awning taxabl.e prapartY <br />in aaid City., and t+rho have duly rencear°ed the same frnr taxmtian., vatirg e,t an <br />e2ectiau held for° that gurpase within said Gity; that all acts, cvuditians <br />end things required to exist precadent tG arad in tYse i~suanct C►f this bond <br />tty ren8er the sama laxful snd va.I.id have '!~n proPet',]„Y done, 2xave h$gpened <br />au2d been perfarmed i.z► reEular and ciue time, fcrm and menmr as tequised by <br />the Constitut3on arnl Iawra flf the 5t.ate ~f Teices, and the ordinancae herein- <br />a'bave ment3.cued snd that this series of ra►venue bcynds daes not eacesd say <br />corst3tutional, statutory ox charter li,mitationsp and thet provision hae beem <br />ma8t for the gaymexrt caf the prin.cipal and intarest of thie bon~ and the series <br />of vhich it is a part by irreqocabl,y pledging ta the paymut theseof ret <br />revenuss of th:e Watervorlss snd Sever System of tL.er City of Paxie. <br />