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399
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<br /> source, as a whole, or in part, and, if in part, the maturity or maturities of Bonds and the amounts
<br />-- thereof, to be redeemed shall be selected and designated by the Issuer, and the Issuer shall direct the
<br /> Paying Agent/Registrar to call by lot Bonds, or ponious thereof within such maturities and in such
<br /> principal amounts, for redemption (provided that a portion of this Bond may be redeemed only in
<br /> an integral multiple of $5,000), at the prepayment or redemption price of the principal amount
<br /> thereof, plus accrued interest to the date fixed for prepayment or redemption.
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<br /> AT LEAST 30 days prior to the date fixed for redemption, written notice of such redemption
<br /> shall be given by the Paying Agent/Registrar by United States mail, first class postage prepaid, to
<br /> the registered owner of each Bond to be redeemed at its address as it appeared on the books of the
<br /> Paying Agent/Registrar on the forty-fifth day prior to the date fixed for redemption. The failure to
<br /> receive such notice in writing, or any defect therein, or in the sending or mailing thereof, shall not
<br /> affect the validity or effectiveness of the proceedings for the redemption of Bonds. By the date fixed
<br /> for any such redemption, due provision shall be made with the Paying Agent/Registrar for the
<br /> payment of the required redemption price for the Bonds which are to be so redeemed, plus accrued
<br /> interest thereon to the date fixed for redemption. If such notice of redemption is given and if due
<br /> provision for such payment is made, all as provided above, the Bonds which are to be so redeemed
<br /> thereby automatically shall be treated as redeemed prior to their scheduled maturities, and they shall
<br /> not bear interest after the date fixed for redemption, and they shall not be regarded as being
<br /> outstanding except for the right of the registered owner to receive the redemption price plus accrued
<br /> interest from the Paying Agent/Registrar out oftbe funds provided for such payment.
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<br /> ALL BONDS OF THIS SERIES are issuable solely as fully registered Bonds, without
<br /> interest coupons, in the denomination of any integral multiple of $5,000. As provided in the
<br /> Resolution, this Bond, or any unredeemed portion hereof, may, at the request of the registered owner
<br /> or the assignee or assignees hereof, be assigned, transferred and exchanged for a like aggregate
<br /> principal amount of fully registered Bonds, without interest coupons, payable to the appropriate
<br /> registered owner, assignee or assignees, as the case may be, having the same denomination or
<br /> denominations in any integral multiple of $5,000 as requested in writing by the appropriate
<br /> registered owner, assignee or assignees, as the case may be, upon surrender of this Bond to the
<br /> Paying Agent/Registrar for cancellation, all in accordance with the form and procedures set forth in
<br /> the Resolution. Among other requirements for such assignment and transfer, this Bond must be
<br /> 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 Agant/Registxar,
<br /> evidencing assignment of this Bond to the assignee or assignees in whose name or names this Bond
<br /> or any such portion or portions hereof is or. are to be transferred and registered. The form of
<br /> Assignment printed or endorsed on this Bond shall be executed by the registered owner or its duly
<br /> authorized attorney or representative to evidence the assignment hereof. The Issuer shall pay the
<br /> Paying Agent/Registrar's standard or customary fees and charges for making such transfer, but the
<br /> one requesting such transfer shall pay any taxes or other governmental charges required to be paid
<br /> with respect thereto. The Paying Agent/Registrar shall not be required to make transfers of
<br />__ registration of this Bond or any portion hereof (i) during the period commencing with the close of
<br /> business on any Record Date and ending with the opening of business on the next following
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