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amortize the Real Estate Series Bonds in nineteen equal annual installments . The amount of each payment shall be applied first to payment of interest then due and the balance shall be applied to a reduction of principal . The amortized installments of principal and interest shall continue until the principal of the Bonds, with interest, is fully paid, except that final payment of the Equipment Series Bonds shall be due and payable not later than ten years from the date thereof and final payment of the Real Estate Series Bonds shall be due not later than twenty years after the date thereof, subject to prepayment prior to maturity as provided in the face of the Bonds . The Bonds will be issued in the form of typewritten Bonds, registered as to both principal and interest, payable to the registered owner, or assigns , as set forth hereinafter in the permanent bond forms, and shall be numbered R-1 and upwards . Payment of principal and interest shall be by check or draft mailed to the registered owner thereof at its address shown on the bond registration books of the County which shall be maintained by the County Clerk as Bond Registrar, without presentation or surrender of the Bonds (except upon final payment) and such payments shall discharge the obligation of the County to the extent thereof. The County Clerk shall keep a payment record and make proper notations thereon of all payments of principal and interest. Payment of principal and interest shall be in any coin or currency of the United States of America which, as at the time of payment, shall be legal tender for the payment of debts due the United States of America. When the principal of and interest on any Bond has been fully paid, the Bond shall be canceled and delivered to the County Clerk. The County Judge is authorized to execute the necessary writings and take the necessary action to issue the Bonds , at one time or from time to time, within the limits set forth herein, as requested by the Government , to the end that the purposes set forth in this Ordinance may be accomplished. Article 5 . The Bonds shall be executed on behalf of the County by the County Judge and County Clerk and shall have impressed thereon the seal of the County. The Bonds are not general obligations of the County but are special obligations , the principal of and interest on which are secured by a pledge of and are payable from revenues derived from the System. The Bonds and interest thereon shall not constitute an indebtedness of the County within any constitutional or statutory limitation. (.Nmnnr�uO05•IM.:ad Much 7. 1997 3