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<br />maturities 2002, 3.500 % maturities 2007, 3.650 %
<br />maturities 2003, 3.500 % maturities 2008, 3.850 %
<br />maturities 2004, 3.500 % maturities 2009, 4.000 %
<br />maturities 2005, 3.350 % maturities 2010, 4.000 %
<br />maturities 2006, 3.500 % maturities 2011, 4.125 %
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<br />with said interest being payable on June 15, 2002, and semiannually on each June 15 and December 15
<br />thereafter while this Bond or any portion hereof is outstanding and unpaid.
<br />
<br />THE INSTALLMENTS OF PRINCIPAL OF AND THE INTEREST ON this Bond are payable
<br />in lawful money of the United States of America, without exchange or colleclion charges. The installments
<br />of principal and the interest on this Bond are payable to the registered owner hereof through the services of
<br />THE BANK OF NEW YORK, NEW YORK, NEW YORK, which is the "Paying AgenVRegistrar" for this
<br />Bond. Payment of all principal of and interest on this Bond shall be made by the Paying AgenVRegistrar to
<br />the registered owner hereof on each principal and/or interest payment date by check or draft, dated as of such
<br />date, drawn by the Paying AgenVRegistrar on, and payable solely from, funds of the Issuer required by the
<br />ordinance authorizing the issuance of this Bond (the "Bond Ordinance") to be on deposit with Ihe Paying
<br />Agent/Registrar for such purpose as hereinafter provided; and such check or draft shall be sent by the Paying
<br />Agent/Registrar by United States mail, first-class postage prepaid, on each such principal and/or interest
<br />payment date, to Ihe registered owner hereof, at the address of the registered owner, as it appeared on the
<br />lasl business day of the month nexl preceding each such dale (the "Record Date") on the Registration Books
<br />kept by the Paying Agent/Registrar, as hereinafter described, or by such other method acceptable 10 the
<br />Paying Agent/Registrar requested by, and at the risk and expense of, the registered owner. The Issuer
<br />covenants with the registered owner of this Bond that on or before each principal and/or interest payment
<br />date for this Bond it will make available to the Paying AgenVRegistrar, from the "Inlerest and Sinking Fund"
<br />created by the Bond Ordinance, the amounts required to provide for the payment, in immediately available
<br />funds, of all principal of and interest on this Bond, when due.
<br />
<br />IF THE DATE for the payment of the principal of or interest on this Bond shall be a Saturday,
<br />Sunday, a legal holiday, or a day on which banking institutions in the city where the Paying AgenVRegistrar
<br />is located are authorized by law or executive order to close, then the dale for such payment shall be the next
<br />succeeding day which is not such a Saturday, Sunday, legal holiday, or day on which banking institutions are
<br />authorized to close; and payment on such date shall have the same force and effect as if made on the original
<br />dale payment was due.
<br />
<br />THIS BOND has been authorized in accordance with the Constitution and laws of the State of Texas.
<br />in the principal amount of$5,130,000 for refunding the City's Refunded Bonds.
<br />
<br />ON DECEMBER 15, 2009, or on any date thereafter, the unpaid installments of principal of this Bond
<br />may be prepaid or redeemed prior to their scheduled due dates, at the option of the Issuer, with funds derived
<br />from any available source, as a whole, or in part, and, if in part, the Issuer shall selecl and designate the
<br />maturilY, or maturities, and the amounl that is to be redeemed, and ifless than a whole maturity is 10 be called,
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