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solid waste recycling station, to be operated as a part of the County' s solid waste system (the "System") , costs of authorizing and issuing the Bonds and paying interest during construction, and is issued pursuant to and in full compliance with the Constitution and laws of the State of Arkansas, including particularly Title 14 , Chapter 164 , Subchapter 4 and Title 14 , Chapter 232 , Subchapter 1 of the Arkansas Code of 1987 Annotated, and pursuant to Ordinance No. of the County, duly adopted and approved on the day of , 1995 (the "Authorizing Ordinance" ) . Reference is hereby made to the Authorizing Ordinance for the details of the nature and extent of the security and of the rights and obligations of the County and the registered owner of this Bond. Prepayments of principal installments , or any portion thereof , may be made from funds from any source at any time at the option of the County in inverse chronological order of maturity at a price of the principal amount thereof plus accrued interest. Such prepayments shall not affect the obligation of the County to pay the remaining installments as scheduled herein. This Bond does not constitute an indebtedness of the County within any constitutional or statutory limitation or provision, and the taxing power of the County is not pledged to the payment of the principal of or interest on this Bond. This Bond is a special obligation payable solely from revenues derived from the operation of the System. A sufficient amount of System revenues to pay principal and interest has been duly set aside and pledged as a special fund for that purpose, identified as the "Recycling Revenue Bond Fund, " created by the Authorizing Ordinance. The County has fixed and has covenanted and agreed to maintain rates for use of the System which, with beginning balances, shall be sufficient at all times at least to provide for the payment of the reasonable expenses of operation and maintenance of the System, provide for the payment of the principal of and interest on all the outstanding Bonds to which System revenues are pledged as the same become due, establish and maintain debt service reserves and provide a depreciation fund all as set forth in the Authorizing Ordinance. The pledge of System Revenues is on a parity of pledge securing certain Solid Waste (Recycling) Bonds of another series, issued on the date of issuance of this Bond, and is subordinate to that securing the County' s Solid Waste Revenue Bonds, Series 1995 . This Bond is further secured by a mortgage lien on certain System properties . I This Bond may be assigned, and, in order to effect such assignment, the assignor shall promptly notify the County Clerk by registered mail, and the assignee shall surrender this Bond to the County Clerk for transfer on the registration records. Every M.-,. 1997 6