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lawful source, as a whole, or in part, and, if in part, the particular Bonds, or portions thereof, to be
<br />redeemed shall be selected and designated by the Issuer (provided that a portion of a Bond may be
<br />redeemed only in an integral multiple of $5,000), at a redemption price equal to the principal amount to be
<br />redeemed plus accrued interest to the date fixed for redemption.
<br />AT LEAST 30 days prior to the date fixed for any redemption of Bonds or portions thereof prior to
<br />maturity a written notice of such redemption shall be sent by the Paying Agent/Registrar by United States
<br />mail, first -class postage prepaid to the registered owner of each Bond to be redeemed at its address as it
<br />appeared on the registration books of the Paying Agent/Registrar at the close of business on the business
<br />day next preceding the date of mailing such notice; provided, however, that the failure of the registered
<br />owner to receive such notice, or any defect therein or in the sending or mailing thereof, shall not affect the
<br />validity or effectiveness of the proceedings for the redemption of any Bond. By the date fixed for any such
<br />redemption due provision shall be made with the Paying Agent/Registrar for the payment of the required
<br />redemption price for the Bonds or portions thereof that are to be so redeemed. If such written notice of
<br />redemption is sent and if due provision for such payment is made, all as provided above, the Bonds or
<br />portions thereof that are to be so redeemed thereby automatically shall be treated as redeemed prior to their
<br />scheduled maturities, and they shall not bear interest after the date fixed for redemption, and they shall not
<br />be regarded as being outstanding except for the right of the registered owner to receive the redemption
<br />price from the Paying Agent/Registrar out of the funds provided for such payment. If a portion of any
<br />Bond shall be redeemed, a substitute Bond or Bonds having the same maturity date, bearing interest at the
<br />same rate, in any denomination or denominations in any integral multiple of $5,000, at the written request
<br />of the registered owner, and in aggregate principal amount equal to the unredeemed portion thereof, will be
<br />issued to the registered owner upon the surrender thereof for cancellation, at the expense of the Issuer, all
<br />as provided in the Bond Ordinance.
<br />WITH RESPECT TO ANY OPTIONAL REDEMPTION OF THE BONDS, unless certain
<br />prerequisites to such redemption required by the Bond Ordinance have been met and money sufficient to
<br />pay the principal of and premium, if any, and interest on the Bonds to be redeemed will have been received
<br />by the Paying Agent/Registrar prior to the giving of such notice of redemption, such notice may state that
<br />said redemption may, at the option of the Issuer, be conditional upon the satisfaction of such prerequisites
<br />and receipt of such money by the Paying Agent/Registrar on or prior to the date fixed for such redemption
<br />or upon any prerequisite set forth in such notice of redemption. If a conditional notice of redemption is
<br />given and such prerequisites to the redemption are not fulfilled, such notice will be of no force and effect,
<br />the Issuer will not redeem such Bonds, and the Paying Agent/Registrar will give notice in the manner in
<br />which the notice of redemption was given, to the effect that such Bonds have not been redeemed.
<br />ALL BONDS OF THIS SERIES are issuable solely as fully registered bonds, without interest
<br />coupons, in the denomination of any integral multiple of $5,000. As provided in the Bond Ordinance, this
<br />Bond may, at the request of the registered owner or the assignee or assignees hereof, be assigned,
<br />transferred, converted into and exchanged for a like aggregate principal amount of fully registered Bonds,
<br />without interest coupons, payable to the appropriate registered owner, assignee or assignees, as the case
<br />may be, having the same denomination or denominations in any integral multiple of $5,000 as requested in
<br />writing by the appropriate registered owner, assignee or assignees, as the case may be, upon surrender of
<br />this Bond to the Paying Agent/Registrar for cancellation, all in accordance with the form and procedures
<br />set forth in the Bond Ordinance. Among other requirements for such assignment and transfer, this Bond
<br />must be presented and surrendered to the Paying Agent/Registrar, together with proper instruments of
<br />assignment, in form and with guarantee of signatures satisfactory to the Paying Agent/Registrar,
<br />evidencing assignment of this Bond or any portion or portions hereof in any integral multiple of $5,000 to
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