FORM OF BOND. 2 FORM OF CERTIFICATE OF AUTHENTICATION ........................................4
FORM OF BOND. The text of the registered Series R Bonds and of the authentication certificate of the Trustee upon said Bonds shall be, respectively, substantially as follows: FORM OF REGISTERED SERIES R BOND WITHOUT COUPONS [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 AUGUST 1, 2005, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY. No. RR-__ $__________ ARTESIAN WATER COMPANY, INC. FIRST MORTGAGE BONDS, SERIES R, 5.96% Due December 31, 2028 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 December 31, 2028 (the "MATURITY DATE"), the sum of _____________Dollars 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 5.96% per annum, payable on the first Business Day of October, January, April, and July of each year, beginning with the first Business Day of October, 2005, 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
FORM OF BOND. The text of the registered Series U Bonds and of the authentication certificate of the Trustee upon said Bonds shall be, respectively, substantially as follows: FORM OF REGISTERED SERIES U BOND WITHOUT COUPONS 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 A BOND PURCHASE AGREEMENT WITH THE COMPANY DATED AS OF JANUARY 31, 2018, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY. No. UR-__ $__________ ARTESIAN WATER COMPANY, INC. FIRST MORTGAGE BONDS, SERIES U Due January 31, 2038
FORM OF BOND. 3 Form of Trustee's Certificate............................................. 5
FORM OF BOND. THE BONDS SHALL NOT CONSTITUTE A DEBT OF THE STATE OR ANY POLITICAL SUBDIVISION THEREOF; AND NEITHER THE STATE OF CALIFORNIA NOR ANY POLITICAL SUBDIVISION THEREOF SHALL BE LIABLE THEREFOR. NEITHER THE FAITH, REVENUES, CREDIT NOR TAXING POWER OF THE STATE OF CALIFORNIA OR ANY POLITICAL SUBDIVISION THEREOF SHALL BE PLEDGED TO THE PAYMENT OF THE PRINCIPAL OF OR INTEREST ON THE BONDS. THE BONDS ARE NOT A DEBT OF THE UNITED STATES OF AMERICA OR OF ANY AGENCY THEREOF AND ARE NOT GUARANTEED BY THE FULL FAITH AND CREDIT OF THE UNITED STATES OF AMERICA. THE BONDS ARE A SPECIAL LIMITED OBLIGATION OF THE ISSUER, PAYABLE, AS TO PRINCIPAL, PREMIUM, IF ANY, AND INTEREST, SOLELY OUT OF THE TRUST ESTATE, WHICH IS THE SOLE ASSET OF THE ISSUER PLEDGED THEREFOR. THE ISSUER HAS NO TAXING POWER. No. RB-________ $____________ CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY APARTMENT DEVELOPMENT REVENUE REFUNDING BONDS, SERIES 1998A-__ INTEREST RATE MATURITY DATE DATED DATE CUSIP ------------- ------------- ---------- ----- May 15, 2025 ________ __, 1998 REGISTERED OWNER: PRINCIPAL AMOUNT: Last Day of Term Rate [Flexible Rate] Period ________ [Number of Days in Period ________] [________ Interest Due at End of Period THIS BOND IS SUBJECT TO MANDATORY TENDER FOR PURCHASE AT THE TIMES AND IN THE MANNER HEREINAFTER DESCRIBED, AND MUST BE SO TENDERED OR WILL BE DEEMED TO HAVE BEEN SO TENDERED UNDER CERTAIN CIRCUMSTANCES AS DESCRIBED HEREIN. WHILE IN A DAILY RATE PERIOD OR A WEEKLY RATE PERIOD, THIS BOND SHALL BE PURCHASED ON THE DEMAND OF THE OWNER AT THE TIMES AND IN THE MANNER HEREINAFTER DESCRIBED. The CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY (the "Issuer"), a joint powers agency of the State of California (the "State"), hereby promises to pay to the Registered Owner specified above, or registered assigns, the Principal Amount specified above on the Maturity Date specified above (or earlier as hereinafter provided), and to pay interest on the Principal Amount hereof from the Dated Date specified above at the rates per annum and on the
FORM OF BOND. The form of each Bond shall be the form of bond set forth in Exhibit A attached hereto.
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. The text of the registered Bonds of Series Q and of the authentication certificate of the Trustee upon said Bonds shall be, respectively, substantially as follows: FORM OF REGISTERED BOND OF SERIES Q WITHOUT COUPONS 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. No. QR-1 $15,400,000 ARTESIAN WATER COMPANY, INC. FIRST MORTGAGE BONDS, SERIES Q, 4.75% Due December 1, 2043 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 Wilmington Trust Company (the "Authority Bonds Trustee"), as Trustee under the Trust Indenture dated as of December 1, 2003 of the Delaware Economic Development Authority (the "Authority") or registered assigns, on December 1, 2043 (the "Maturity Date"), the sum of $15,400,000 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 4.75% per annum, payable on the first Business Day of January and July of each year, beginning with the first Business Day of July, 2004, 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. Unless otherwise agreed to in writing by the Company and the Authority Bond Trustee, payments of principal, premium (if any) and interest are to be made at the principal office of the Authority Bond Trustee in the City of Wilmington, Delaware. This bond is one of an authorized issue of bonds of the Company known as its First Mortgage Bonds (herein called the "Bonds"), not limited in aggregate principal amount except as provided in the Original Indenture hereinafter mentioned, all issued and to be issued in one or more series under and equally secured by an Indenture of Mortgage dated as of July 1, 1961 (herein called the "Original Indenture"), executed by Artesian Resources Corporation (then named Artesian Water Company), a corporation organized and exi...
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.
