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<br />of this Bond or any portion or portions hereof in any integral multiple of $5,000 to the assignee or assignees
<br />in whose name or names this Bond or any such portion or portions hereof is or are to be transferred and
<br />registered. The form of Assignment printed or endorsed on this Bond shall be executed by the registered
<br />owner or ils duly authorized attorney or representative, to evidence the assignment hereof. A new Bond or
<br />Bonds payable 10 such assignee or assignees (which then will be the new registered owner or owners of such
<br />new Bond or Bonds), or to the previous registered owner in the case of the assignment and transfer of only
<br />a portion of this Bond, may be delivered by the Paying Agent/Registrar in conversion of and exchange for
<br />this Bond, all in the form and manner as provided in the next paragraph hereof for the conversion and
<br />exchange of other Bonds. The Issuer shall pay the Paying Agent/Registrar's standard or customary fees and
<br />charges for making such transfer, but the one requesting such transfer shall pay any taxes or other
<br />governmental charges required to be paid with respect thereto. The Paying Agent/Registrar shall nol be
<br />required 10 make transfers of registration of this Bond or any portion hereof(i) during the period commencing
<br />with the close of business on any Record Date and ending with the opening of business on the next following
<br />principal or interest payment date, or, (ii) with respect to any Bond or any portion thereof called for
<br />redemption prior to maturity, within 45 days prior to its redemption date. The registered owner of this Bond
<br />shall be deemed and treated by the Issuer and the Paying Agent/Registrar as the absolute owner hereof for
<br />all purposes, including payment and discharge of liability upon this Bond to the extenl of such paymenl, and
<br />the Issuer and the Paying Agent/Registrar shall not be affecled by any notice to the contrary.
<br />
<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, or any unredeemed portion hereof, may, at the request of the registered owner or Ihe assignee or
<br />assignees hereof, be converted into and exchanged for a like aggregate principal amount of fully regislered
<br />bonds, without interest coupons, payable to the appropriate registered owner, assignee, or assignees, as the
<br />case may be, having the same maturity dale, and bearing interest at the same rale, in any denomination or
<br />denominations in any integral multiple of $5,000 as requested in writing by the appropriate registered owner,
<br />assignee, or assignees, as the case may be, upon surrender of this Bond to the Paying Agent/Registrar for
<br />cancellation, all in accordance with the form and procedures set fonh in the Bond Ordinance. The Issuer
<br />shall pay the Paying Agent/Registrar's standard or customary fees and charges for transferring, converting,
<br />and exchanging any Bond or any portion thereof, but the one requesting such Iransfer, conversion, and
<br />exchange shall pay any taxes or governmental charges required 10 be paid with respect therelo as a condition
<br />precedent to the exercise of such privilege of conversion and exchange. The Paying Agent/Registrar shall
<br />not be required to make any such conversion and exchange 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 principal or
<br />interest paymenl date.
<br />
<br />IN THE EVENT any Paying Agent/Registrar for the Bonds is changed by the Issuer, resigns. or
<br />olherwise ceases to act as such, Ihe Issuer has covenanted in the Bond Ordinance thaI it promptly will appoint
<br />a compelent and legally qualified substitute therefor, and promptly will cause written notice thereof to be
<br />mailed to the registered owners of the Bonds.
<br />
<br />IT IS HEREBY certified, recited, and covenanted thaI this Bond has been duly and validly authorized,
<br />issued, sold, and delivered; that all acts, conditions, and things required or proper 10 be performed, exist, and
<br />be done precedent to or in the authorization, issuance, and delivery of this Bond have been performed, existed,
<br />and been done in accordance with law; that this Bond is a general obligation of the Issuer, issued on the full
<br />faith and credit thereof; and that ad valorem taxes sufficienlto provide for the payment of the interest on and
<br />principal of this Bond. as such interest and principal come due, have been levied and ordered to be levied
<br />against all taxable property in the Issuer, and have been pledged for such payment, within the limit prescribed
<br />
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