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<br />e <br /> <br />e <br /> <br />as provided herein, and in the case of the exchange of an assigned and <br />transferred Bond or Bonds or any portion or portions thereof, such fees <br />and charges of the Paying Agent/Registrar will be paid by the Issuer. The <br />Paying Agent/Registrar shall not be required to make any such transfer or <br />exchange (i) during the period commencing with the close of business on <br />any Record Date and ending with the opening of business on the next <br />following principal or interest payment date or (ii) with respect to any Bond <br />or any portion thereof called for redemption prior to maturity, within 45 <br />days prior to its redemption date. <br /> <br />IN THE EVENT any Paying Agent/Registrar for the Bonds is <br />changed by the Issuer, resigns, or otherwise ceases to act as such, the <br />Issuer has covenanted in the Bond Ordinance that it promptly will appoint a <br />competent and legally qualified substitute therefor, and cause written notice <br />thereof to be mailed to the registered owners of the Bonds. <br /> <br />BY BECOMING the registered owner of this Bond, the regis- <br />tered owner thereby acknowledges all of the terms and provisions of the <br />Bond Ordinance, agrees to be bound by such terms and provisions, <br />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 <br />Issuer, and agrees that the terms and provisions of this Bond and the Bond <br />Ordinance constitute a contract between each registered owner hereof and <br />the Issuer. <br /> <br />IT IS HEREBY CERTIFIED, RECITED, AND COVENANTED THAT <br />this Bond has been duly and validly authorized, issued, and delivered; all <br />acts, conditions, and things required o'r proper to be performed, exist, and <br />be done precedent to or in the authorization, issuance, and delivery of this <br />Bond have been performed, existed, and been done in accordance with law; <br />and ad valorem taxes sufficient to provide for the payment of the interest <br />on and principal of this Bond, as such interest comes due, and as such <br />principal matures, have been levied and ordered to be levied against all <br />taxable property in the Issuer, and have been pledged for such payment, <br />within the limit prescribed by law. <br /> <br />10 <br />