FORM OF BOND. 2 FORM OF CERTIFICATE OF AUTHENTICATION ........................................4
FORM OF BOND. The text of the registered Series S Bonds and of the authentication certificate of the Trustee upon said Bonds shall be, respectively, substantially as follows: THIS BOND HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OTHERWISE OFFERED, SOLD OR OTHERWISE TRANSFERRED UNLESS REGISTERED PURSUANT TO THE PROVISIONS OF SAID SECURITIES ACT OR UNLESS AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE. THIS BOND HAS BEEN ISSUED PURSUANT TO AND SUBJECT TO THE TERMS AND CONDITIONS OF AN AGREEMENT WITH THE COMPANY DATED AS OF DECEMBER 1, 2008, AS AMENDED BY THAT CERTAIN FIRST AMENDMENT TO BOND PURCHASE AGREEMENT DATED AS OF NOVEMBER 20,2009, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY. No. SR- $ _ ARTESIAN WATER COMPANY, INC., a corporation organized and existing under the laws of the State of Delaware (hereinafter called the "Company", which term shall include any successor corporation as defined in the Original Indenture hereinafter referred to), for value received, hereby promises to pay to or registered assigns, on the first business day of March, June, September and December in each year, beginning with the first Business Day of March, 2009, the sum of One Hundred Fifty Thousand Dollars, and on December 31, 2033 (the "Maturity Date"), all then outstanding principal, in each case in coin or currency of the United States of America that at the time of payment is legal tender for the payment of public and private debts, and to pay in like coin or currency interest thereon to the registered owner hereof, from the date hereof, at a rate equal to 6.73% per annum, through and including, March 1, 2016, and thereafter at such rate(s) and for such period(s) as provided in the Twentieth Supplemental Indenture, as corrected by the Twenty- First Supplemental Indenture, hereinafter mentioned, such interest payable on the first Business Day of March, June, September and December of each year, beginning with the first Business Day of March, 2009 and on the Maturity Date, until the Company's obligation with respect to the payment of such principal, premium (if any) and interest shall be discharged. Overdue payments of principal, premium (if any) and interest shall bear interest as provided in the Twentieth Supplemental Indenture, as corrected by the Twenty-First Supplemental Indenture, hereinafter mentioned. Unless otherwise agreed to in writing by the Company and the holders of the Series S Bonds hereinafter mentioned, pa...
FORM OF BOND. 3 Form of Trustee's Certificate............................................. 5
FORM OF BOND. The text of the registered Series W Bonds and of the authentication certificate of the Trustee upon said Bonds shall be, respectively, substantially as follows: No. WR-__ $__________
FORM OF BOND. The Bond, including the Fiscal Agent’s certificate of authentication and the assignment to appear thereon, shall be substantially in the form set forth in Exhibit A attached hereto and by this reference incorporated herein, with necessary or appropriate variations, omissions and insertions as permitted or required by this Agreement. The Bond shall be issued as a single bond in denominations equal to $1,000,000 and $5,000 thereafter, or any multiple integral thereof.
FORM OF BOND. The form of each Bond shall be the form of bond set forth in Exhibit A attached hereto.
FORM OF BOND. All bo n ds furn is h ed b y a lessee, ope r - a t i n g r ig h t s ow n e r ( s u blessee), o r ope r - a t o r s ha ll be o n a fo r m a pp r oved b y t h e Di r ec t o r . [46 F R 55497, Nov. 9, 1981, a s a m e n ded a t 53 F R 17358, M ay 16, 1988]
FORM OF BOND. The Bond will be in substantially the form of Exhibit A. The Bond will be dated the date of the execution and delivery of this Indenture and will bear interest on advances made pursuant to Section 404 from the respective dates of such advances at 8% per annum on the aggregate unpaid principal amount of such advances. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. Accrued interest will be paid on each Interest Payment Date. The Bond will mature on December 1, 2020.
FORM OF BOND. 5 FORM OF TRUSTEE'S CERTIFICATE OF AUTHENTICATION.......................... 5
FORM OF BOND. Subject to the provisions hereof with respect to special endorsement of Bonds in connection with a conversion, the Bonds, the certificate of authentication, the registration information form and the form of assignment shall be in substantially the form hereinafter set forth, with such appropriate variations, omissions, substitutions and insertions as are permitted or required hereby, and may have such letters, numbers or other marks of identification and such legends and endorsements placed thereon as may be required to comply with any applicable laws or rules or regulations, or as may, consistently herewith, be determined by the officers executing such Bonds, as evidenced by their execution of the Bonds. In the preparation of definitive forms of Bonds relative to the periods before and after a Conversion Date, pertinent provisions of the form of Bond may be omitted, as appropriate.
