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<br />the purpose of acquiring an 83,000 sq. ft. building situated on 23 acres being referred to as the DARCO
<br />Building, which will be converted to a law enforcement center for police, courts and jail, and other
<br />improvements related thereto; and for paying legal, fiscal, architectural and engineering fees in connection
<br />with these projects.
<br />
<br />ON DECEMBER 15,2012, or any date thereafter, the Certificates of Obligation of this Series may
<br />be redeemed prior to their scheduled maturities, at the option of the Issuer, with funds derived from any
<br />available source, as a whole, or in part, and, if in part, the maturity or maturities of Certificates of Obligation
<br />and the amounts thereof, to be redeemed shall be selected and designated by the Issuer, and the Issuer shall
<br />direct the Paying AgentJRegistrar to call by lot Certificates of Obligation, or portions thereof within such
<br />maturities and in such principal amounts, for redemption (provided that a portion of this Certificate of
<br />Obligation may be redeemed only in an integral multiple of $5,000), at the prepayment or redemption price
<br />of the principal amount thereof, plus accrued interest to the date fixed for prepayment or redemption.
<br />
<br />AT LEAST 30 days prior to the date fixed for any redemption of Certificates of Obligation or portions
<br />thereof prior to maturity a written notice of such redemption shall be sent by the Paying AgentJRegistrar by
<br />United States mail, first-class postage prepaid, not less than 30 days prior to the date fixed for any such
<br />redemption, to the registered owner of each Certificate of Obligation to be redeemed at its address as it
<br />appeared on the 45th day prior to such redemption date; provided, however, that the failure to receive such
<br />notice, or any defect therein or in the sending or mailing thereof, shall not affect the validity or effectiveness
<br />of the proceedings for the redemption of any Certificate of Obligation, and it is hereby specifically provided
<br />that the mailing of such notice as required above shall be the only notice actually required in connection with
<br />or as a prerequisite to the redemption of any Certificates of Obligation or portions thereof. By the date fixed
<br />for any such redemption due provision shall be made with the Paying AgentJRegistrar for the payment of the
<br />required redemption price for the Certificates of Obligation or portions thereof which are to be so redeemed,
<br />plus accrued interest thereon to the date fixed for redemption. If such written notice of redemption is mailed
<br />and if due provision for such payment is made, all as provided above, the Certificates of Obligation or portions
<br />thereof which 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 price
<br />plus accrued interest from the Paying AgentJRegistrar out of the funds provided for such payment. If a
<br />portion of any Certificate of Obligation shall be redeemed a substitute Certificate of Obligation or Certificates
<br />of Obligation having the same maturity date, bearing interest at the same rate, in any denomination or
<br />denominations in any integral multiple of $5,000, at the written request of the registered owner, and in
<br />aggregate principal amount equal to the unredeemed portion thereof, will be issued to the registered owner
<br />upon the surrender thereof for cancellation, at the expense of the Issuer, all as provided in the Certificate of
<br />Obligation Ordinance.
<br />
<br />THIS CERTIFICATE OF OBLIGATION OR ANY PORTION OR PORTIONS HEREOF IN
<br />ANY INTEGRAL MULTIPLE OF $5,000 may be assigned and shall be transferred only in the Registration
<br />Books of the Issuer kept by the Paying AgentJRegistrar acting in the capacity of registrar for the Certificates
<br />of Obligation, upon the terms and conditions set forth in the Certificate of Obligation Ordinance. Among other
<br />requirements for such assignment and transfer, this Certificate of Obligation must be presented and
<br />surrendered to the Paying AgentJRegistrar, together with proper instruments of assignment, in form and with
<br />guarantee of signatures satisfactory to the Paying Agent/Registrar, evidencing assignment of this Certificate
<br />of Obligation or any portion or portions hereof in any integral multiple of $5,000 to the assignee or assignees
<br />
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