Laserfiche WebLink
have matured, within thirty days after demand by the Owner) pay to the Owner an amount <br /> equal to the sum of(1) the difference between (A) the total interest that would have accrued on <br /> this Bond at the Adjusted Interest Rate from the Accrual Date to such next interest payment <br /> date, and (B) the actual interest paid by the Issuer on this Bond from the Accrual Date to such <br /> next interest payment date, and (2) any interest, penalties and additions to tax (as referred to in <br /> Subchapter A of Chapter 68 of the Code) required to be paid as a result of any additional State <br /> of Florida and federal income taxes imposed upon such Holder and/or former Holder arising as <br /> a result of such event; and (ii) from and after the date of such event, this Bond shall continue to <br /> bear interest at the Adjusted Interest Rate. This adjustment shall survive payment of this Bond <br /> until such time as the federal statute of limitations under which the interest on this Bond could <br /> be declared taxable under the Code shall have expired. <br /> In addition, while any Event of Default or a breach of any covenants hereunder, is not <br /> cured, this Bond shall bear interest at a default rate equal to otherwise applicable interest rate <br /> on this Bond plus 3%; provided, however, that the interest rate on this Bond, as it may be <br /> adjusted, shall in no event exceed the maximum interest rate permitted by the Act. <br /> This Bond may be exchanged or transferred in Authorized Denominations by the Owner <br /> hereof but only upon the registration books maintained by the Registrar and in the manner <br /> provided in the Resolution. <br /> It is hereby certified and recited that all acts, conditions and things required to exist, to <br /> 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 laws <br /> and Constitution of the State of Florida applicable thereto, and that the issuance of this Bond <br /> does not violate any constitutional or statutory limitations or provisions. <br /> Neither the members of the City Council of the Issuer nor any person executing this <br /> Bond shall be liable personally hereon or be subject to any personal liability by reason of the <br /> issuance hereof. <br /> IN WITNESS WHEREOF, the City of Zephyrhills, Florida has caused this Bond to be <br /> signed by its Mayor, countersigned by the President of the City Council, on behalf of the City <br /> Council, either manually or with facsimile signature, and the seal of the Issuer to be affixed <br /> hereto or imprinted or reproduced hereon, and attested by the Clerk of the Issuer, either <br /> manually or with facsimile signature, and this Bond to be dated the Date of Issuance set forth <br /> above. <br /> CITY OF ZEPHYRHILLS, FLORIDA <br /> (SEAL) <br /> By: 41. / <br /> ,' <br /> Name: r ene Whitf' d <br /> Title: Mayor <br /> COUNTERSIGNED: <br /> By, lk). <br /> ` <br /> ht <br /> tlz : Presideild City Council <br /> ATTESTED: <br /> \it*'Y: <br /> 'Lori 1,,Dian, CMC <br /> Tit eP'WQ ifi a k- <br /> .5 <br /> A-3 <br />