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the assignee or assignees in whose name or names this Bond or any such portion or portions hereof is or <br />are to be registered. The form of Assignment printed or endorsed on this Bond may be executed by the <br />registered owner to evidence the assignment hereof, but such method is not exclusive, and other <br />instruments of assignment satisfactory to the Paying Agent/Registrar may be used to evidence the <br />assignment of this Bond or any portion or portions hereof from time to time by the registered owner. The <br />Paying Agent/Registrar's reasonable standard or customary fees and charges for assigning, transferring, <br />converting and exchanging any Bond or portion thereof will be paid by the Issuer. In any circumstance, <br />any taxes or governmental charges required to be paid with respect thereto shall be paid by the one <br />requesting such assignment, transfer, conversion or exchange, as a condition precedent to the exercise of <br />such privilege. The Paying Agent/Registrar shall not be required to make any such transfer, conversion or <br />exchange of any Bonds during the period commencing with the close of business on any Record Date and <br />ending with the opening of business on the next following principal or interest payment date or, with <br />respect to any Bond or any portion thereof called for redemption prior to maturity, within 45 days prior to <br />its redemption; provided, however, that such limitation shall not apply to uncalled portions of a Bond <br />redeemed in part. <br />IN THE EVENT any Paying Agent/Registrar for the Bonds is changed by the Issuer, resigns, or <br />otherwise ceases to act as such, the Issuer has covenanted in the Bond Ordinance that it promptly will <br />appoint a competent and legally qualified substitute therefor, and cause written notice thereof to be mailed <br />to the registered owners of the Bonds. <br />IT IS HEREBY certified, recited and covenanted that this Bond has been duly and validly <br />authorized, issued and delivered; that all acts, conditions and things required or proper to be performed, <br />exist and be done precedent to or in the authorization, issuance and delivery of this Bond have been <br />performed, existed and been done in accordance with law; and that annual ad valorem taxes sufficient to <br />provide for the payment of the interest on and principal of this Bond, as such interest comes due and such <br />principal matures, have been levied and ordered to be levied against all taxable property in said Issuer, and <br />have been pledged for such payment, within the limit prescribed by law. <br />THE ISSUER HAS RESERVED THE RIGHT to amend the Bond Ordinance as provided therein, <br />and under some (but not all) circumstances amendments thereto must be approved by the registered <br />owners of a majority in aggregate principal amount of the outstanding Bonds. <br />BY BECOMING the registered owner of this Bond, the registered owner thereby acknowledges all <br />of the terms and provisions of the Bond Ordinance, agrees to be bound by such terms and provisions, <br />acknowledges that the Bond Ordinance is duly recorded and available for inspection in the official minutes <br />and records of the governing body of the Issuer, and agrees that the terms and provisions of this Bond and <br />the Bond Ordinance constitute a contract between each registered owner hereof and the Issuer. <br />IN WITNESS WHEREOF, the Issuer has caused this Bond to be signed with the manual or <br />facsimile signature of the Mayor of the Issuer and countersigned with the manual or facsimile signature of <br />the City Secretary of the Issuer, and has caused the official seal of the Issuer to be duly impressed, or <br />placed in facsimile, on this Bond. <br />City Clerk <br />(SEAL) <br />Z <br />Mayor <br />