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<br />Paying Agent/Registrar to the registered 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/Registmr for the payment of the <br />required prepayment or redemption price for this Bond or the portion hereof which is to be so prepaid or <br />redeemed, plus accrued interest thereon to the date fixed for prepayment or redemption. If such written <br />notice of prepayment or redemption is given, and if due provision for such payment is made, all as provided <br />above, this Bond, or the portion thereof which is to be so prepaid or redeemed, thereby automatically shall <br />be treated as prepaid or redeemed prior to its scheduled due date, and shall not bear interest after the date <br />fixed for its prepayment or redemption, and shall not be regarded as being outstanding except for the right <br />of the registered owner to receive the prepayment or redemption price plus accrued interest to the date fixed <br />for prepayment or redemption from the Paying Agent/Registmr out of the funds provided for such payment <br />The 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 OR ANY PORTION OR PORTIONS HEREOF IN ANY INTEGRAL MULTIPLE <br />OF $5,000 may be assigned and shall be transferred only in the Registration Books of the Issuer kept by the <br />Paying AgentlRegistrar acting in the capacity of registmr for the Bonds, upon the terms and conditions set <br />forth in the Bond Ordinance. Among other requirements for such assignment and transfer, this Bond must <br />be presented and surrendered to the Paying Agent/Registmr, together with proper instruments of assignment, <br />in form and with guamntee of signatures satisfactory to the Paying AgentJRegistrar, evidencing assignment <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 its duly authorized attorney or representative, to evidence the assignment hereof. A new Bond or <br />Bonds payable to 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/Registmr in conversion of and exchange for <br />this Bond, all in the form and manner as provided in the next pamgmph 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 tmnsfer, 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 not be <br />required to 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 pwposes, including payment and discharge of liability upon this Bond to the extent of such payment, and <br />the Issuer and the Paying Agent/Registmr shall not be affected 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 the assignee or <br />assignees hereof, be converted into and exchanged for a like aggregate principal amount of fully registered <br />bonds, without interest coupons, payable to the appropriate registered owner, assignee, or assignees, as the <br />case may be, having the same maturity date, and bearing interest at the same mte, in any denomination or <br />denominations in any integml 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 AgentJRegistrar for <br /> <br />15 <br />