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noncallable U.S. Government Obligations may be used for any other pu ose under the Act.
<br /> Upon such payment or provision therefor, together with all other payments required under the
<br /> Bond Indenture, the Bond Indenture may be discharged in accordance with the provisions
<br /> thereof, but the City shall remain the obligor on all Bonds although the owners thereof and the
<br /> owner hereof shall be entitled to payment solely out of such cash and funds received from such
<br /> U.S. Government Obligations deposited with the Bond Trustee.
<br /> The City may also pay or provide for the payment of the entire indebtedness on a portion
<br /> of the Bonds by depositing with the Bond Trustee cash, noncallable U.S. Government
<br /> Obligations or both in an amount, together with the income or increment to iiaccrue thereon, but
<br /> without consideration of any reinvestment thereof, sufficient to pay or redeem (when
<br /> redeemable) and discharge the indebtedness on such portion of the Bonds; or depositing with the
<br /> Bond Trustee cash, noncallable U.S. Government Obligations or both in an amount, without
<br /> consideration of any income or increment to accrue thereon, sufficient to pay or redeem (when
<br /> redeemable) and discharge the indebtedness on such portion of the Bonds, it being understood
<br /> that the investment income on such U.S. Government Obligations may be(used for any other
<br /> purpose under the Act. Upon such deposit, such portion of the Bonds shall cease to be entitled to
<br /> any lien, benefit or security under the Bond Indenture. The City shall remain Ithe obligor on such
<br /> portion of the Bonds, but the owners thereof shall be entitled to payment (to the exclusion of all
<br /> other Bondholders) solely out of such cash and funds received from such U.S. Government
<br /> Obligations deposited with the Bond Trustee.
<br /> The owner of this Bond shall have no right to enforce the provisions of the Bond
<br /> Indenture or to institute action to enforce the covenants therein, or to take any action with respect
<br /> to any event of default under the Bond Indenture, or to institute, appear in or defend any suit or
<br /> other proceedings with respect thereto, except as provided in the Bond Indenture.
<br /> In certain events, on the conditions, in the manner and with the effect set forth in the
<br /> Bond Indenture, the principal of all Bonds of all series issued under the Bond Indenture and then
<br /> outstanding may become or may be declared due and payable before the stat d maturity thereof,
<br /> together with interest accrued thereon.
<br /> Modifications or alterations of the Bond Indenture, or of any supplements thereto, may be
<br /> made only to the extent and in the circumstances permitted by the Bond Indenture.
<br /> It is hereby certified that all conditions, acts and things required to exist, happen and be
<br /> performed under the Act and under the Bond Indenture precedent to and in the issuance of this
<br /> Bond, exist, have happened and have been performed, and that the issuance,]authentication and
<br /> delivery of this Bond have been duly authorized by resolution of the City duly adopted.
<br /> No recourse shall be had for the payment of the principal of, premi , if any, or interest
<br /> on any of the Bonds or for any claim based thereon or upon any oblig tion, covenant or
<br /> agreement in the Bond Indenture contained against any past, present or fu e officer, director,
<br /> member, employee or agent of the City, or any officer, director, member, tristee, employee or
<br /> agent of any successor public corporation or body politic, as such, either directly or through the
<br /> City or any successor public corporation or body politic, under any rule of law or equity, statute
<br /> or constitution or by the enforcement of any assessment or penalty or otherwise, and all such
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