Ordinances-1975-68

hereto attached as they severally mature. Both principal and interest of this bond are payable in lawful money of the United States of America at the office of the Town Treasurer in and of the Town of Tiffin, Iowa. This bond is one of a series of bonds issued by the Town of Tiffin pursuant to and in strict compliance with the provisions of Section 396.22 and Chapter 76 of the Code of Iowa, 1973, and all laws amendatory thereof and supplementary thereto, and in conformity with an ordinance of the Town Council of said Town duly passed, approved, recorded and posted for the purpose of building and constructing a sewer outlet and purifying plant in and for said Town. And it is hereby certified and recited that all acts, conditions and things required by the laws and Constitution of the State of Iowa to exist, to be had, to be done, or to be performed precedent to and in the issue of this bond, were and have been properly existent, had, done and performed in regular and due form and time; that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within said Town for the payment of the principal and interest of this bond as the same will respectively become due; that the faith, credit, revenues and resources and all the real and personal property of said Town are irrevocably pledged for the prompt payment hereof, both principal and interest; and that the total indebtedness of said Town, including this bond, does not exceed any constitutional or statutory limitations. This bond is subject to registration as to principal in the name of the holder on the books of the Town Treasurer of said Town, such registration to be evidenced by notation of said Treasurer on the back hereof, and after such registration no transfer hereof, except upon such books and similarly noted hereon, shall be valid unless the last registration shall have been to bearer. Registration