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<br />It is hereby certified and recited that all acts, conditions and things required to exist, <br />to happen, and to be performed, precedent to and in the issuance of this Bond exist, have <br />happened and have been performed in regular and due form and time as required by the <br />laws and Constitution of the State of Florida and the Charter of the City applicable thereto, <br />and that the issuance of this Bond, is in full compliance with all constitutional or statutory <br />limitations or provisions. <br /> <br />This Bond shall not be valid or become obligatory for any purpose or be entitled to <br />any security or benefit under the Ordinance until the certificate of authentication hereon <br />shall have been signed by an authorized officer of the Registrar. <br /> <br />Except in the event of a Determination of Taxability and as otherwise provided in <br />the Ordinance, this Bond shall bear interest at the Interest Rate set forth above. Principal of <br />and interest on this Bond shall be payable in equal installments of $31,045.26 on each <br />quarterly Payment Date commencing October 1, 1999. All previously unpaid principal of <br />the 1999 Bond and all previously accrued and unpaid interest on the 1999 Bond shall be <br />payable on the Maturity Date. The principal of and interest on this Bond shall be secured <br />solely by and payable from the Pledged Revenues (as defined below) on a parity with the <br />City's Utilities Tax Revenue Bond, Series 1998. <br /> <br />"Pledged Revenues" shall mean all moneys on deposit in the Debt Service Fund <br />(created and established under the Ordinance) derived from the proceeds of the Utilities Tax <br />required to be deposited therein each month in accordance with the provisions of the <br />Ordinance. <br /> <br />"Utilities Tax" shall mean the tax imposed by the City on each and every purchase <br />in the City of electricity. Said term shall also apply to all taxes imposed by the City on the <br />purchase of electricity, whether levied in the amounts prescribed by the Utilities Tax <br />Ordinance or in any other amounts and whether imposed either by amendment to the <br />Utilities Tax Ordinance or otherwise. <br /> <br />"Utilities Tax Ordinance" shall mean all proceedings imposing the Utilities Tax, <br />including Ordinance No. 97-3 of the City adopted on September 11, 1997, as the same may <br />be amended from time to time, and every supplementary ordinance or other ordinance in <br />lieu thereof as may hereafter be adopted. <br /> <br />The City may prepay this Bond in whole or in part, at any time or from time to time, <br />without penalty or premium, by paying to the registered holder all or part of the principal <br />amount of this Bond, together with the unpaid interest accrued on the amount of principal <br />so prepaid to the date of such prepayment. Such accrued and unpaid interest shall be <br />payable on the next succeeding Payment Date. Each prepayment shall be made on such <br />date and in such principal amount as shall be specified by the City in a written notice <br />delivered to the registered owner not less than ten (10) business days prior thereto. Notice <br />having been given as aforesaid, the principal amount stated in such notice or the whole <br />thereof, as the case may be, shall become due and payable on the prepayment date stated in <br /> <br />A-2 <br />