BIL 091 Draft 01 2012-2014 - Laserfiche WebLink

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payable from and after the date fixed for such redemption on the principal sum hereof to be redeemed. This bond is transferable only upon the Bond Register at the office of , Registrar, in the City of , or at the office of its successors from time to time appointed by the County, by the Registered Holder hereof, or by the Registered Holder's duly authorized attorney,upon surrender of this bond(together with a written instrument of transfer satisfactory in form to the Registrar duly executed by the Registered Holder or the Registered Holder's duly authorized attorney,which maybe the form endorsed hereon) and subject to the limitations and upon payment of the charges,if any,provided from time to time by the County and the Registrar, and thereupon a new bond or bonds, in the same aggregate principal amount in authorized denominations and of the same series,interest rate and maturity as the bond surrendered, shall be delivered to the transferee in exchange thereof. The County, the Registrar, and the Paying Agent may deem and treat the person in whose name this bond is registered as the absolute owner hereof for the purpose of receiving payment of the principal hereof,premium,if any,and interest due hereon and for all other purposes, and they shall not be affected by any notice to the contrary. This bond is authorized by the Council of the County to be issued to provide funds for payment of a portion of the costs of a public water system for a Water System Improvement District established by the County pursuant to Chapter 12,Hawai`i County Code. This bond is issued under and pursuant to and in full compliance with the Constitution and laws of the State of Hawai`i, including Part I of Chapter 47,Hawai`i Revised Statutes, as amended,the Charter of the County,and proceedings of the aforesaid Council duly taken thereunder. This bond is a general obligation of the County, and the payment of the principal and interest hereof is a first charge on the general fund of the County. The full faith and credit of the County is irrevocably pledged to the punctual payment of the principal of and interest on this bond according to its terms. [This bond shall not be valid or obligatory for any purpose unless the certificate of authentication hereon has been duly executed by the Registrar.] It is hereby certified and recited that all the conditions,acts,and things essential to the validity of this bond and the issue of which it forms a part exist,have happened,and have been done; that every requirement of law affecting the issue thereof has been duly complied with; and that the amount of this bond, together with all other indebtedness of the County, is not in excess of any constitutional or statutory limitation on indebtedness. A-3