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<br />the Issuer shall direct the Paying Agent/Registrar to call by lot (provided that a portion of this Bond may be <br />redeemed only in an integral multiple of$5,ooo), at the redemption price of the principal amount, plus accrued <br />interest to the date fixed for prepayment or redemption. <br /> <br />AT LEAST 30 days prior to the date fixed for any such prepayment or redemption, a written notice <br />of such prepayment or redemption shall be mailed by United Slates mail, first class postage pre-paid, by the <br />Paying Agent/Registrar to the regislered owner hereof. By the date fixed for any such prepayment or <br />redemption due provision shall be made by the Issuer with the Paying Agent/Registrar for the paymenl of the <br />required prepayment or redemption price for this Bond or the portion hereof which is 10 be so prepaid or <br />redeemed, plus accrued interest thereon 10 the date fixed forprepaymenl or redemplion. If such written notice <br />of prepaymenl or redemption is given, and if due provision for such paymenl is made, all as provided above, <br />this Bond, or the portion thereof which is to be so prepaid or redeemed, thereby aulomatically shall be trealed <br />as prepaid or redeemed prior to its scheduled due date, and shall not bear in\eresl after the date fixed for ils <br />prepayment or redemption, and shall not be regarded as being outstanding except for the right of Ihe <br />registered owner to receive the prepayment or redemption price plus accrued interest 10 the date fixed for <br />prepaymenl or redemption from the Paying Agent/Registrar out of the funds provided for such payment. The <br />Paying Agent/Registrar shall record in the Registration Books all such prepayments or redemptions of <br />principal of this Bond or any portion hereof. <br /> <br />THIS BOND, to the extent of the unpaid principal balance hereof, or any unpaid and unredeemed <br />portion hereof in any integral multiple of $5,000, may be assigned by the initial regislered owner hereof and <br />shall be transferred only in the Registration Books of the Issuer kept by Ihe Paying Agent/Regislrar acting <br />in the capacily of registrar for the Bonds, upon the terms and conditions set forth in the Bond Ordinance. <br />Among other requirements for such transfer, this Bond must be presented and surrendered to Ihe Paying <br />Agent/Registrar for cancellalion, together with proper instruments of assignment, in form and with guarantee <br />of signatures satisfactory to the Paying Agent/Registrar, evidencing assignment by the initial registered owner <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 10 be transferred and <br />registered. Any instrument or instruments of assignment satisfaclory to the Paying Agent/Registrar may be <br />used to evidence the assignment of this Bond or any such portion or portions hereof by the initial registered <br />owner hereof. A new bond or bonds payable to such assignee or assignees (which then will be the new <br />registered owner or owners of such new Bond or Bonds) or to the initial registered owner as to any portion <br />of this Bond which is not being assigned and transferred by the initial registered owner, shall be delivered by <br />the Paying Agent/Registrar in conversion of and exchange for this Bond or any portion or portions hereof, <br />but solely in the form and manner as provided in the next paragraph hereoffor the conversion and exchange <br />of this Bond or any portion hereof. The regislered owner of this Bond shall be deemed and treated by the <br />Issuer and the Paying Agent/Registrar as the absolute owner hereof for all purposes, including payment and <br />discharge of liability upon this Bond to the extent of such payment, and the Issuer and the Paying <br />Agent/Registrar shall not be affected by any notice to the contrary. <br /> <br />AS PROVIDED above and in the Bond Ordinance, this Bond, to the exlent of the unpaid principal <br />balance hereof, may be converted into and exchanged for a like aggregate principal amounl of fully registered <br />bonds, withoul inlerest coupons, payable to the assignee or assignees duly designated in wriling by the initial <br />registered owner hereof, or to the inilial registered owner as to any portion of this Bond which is not being <br />assigned and transferred by the initial registered owner, in any denomination or denominations in any integral <br />multiple of $5,000 (subject to the requirement hereinafter slated that each substitute bond issued in exchange <br /> <br />5 <br />