<br />YEAR AMOUNT YEAR AMOUNT
<br />2003 135,000 2009 685,000
<br />2004 335,000 2010 71 0,000
<br />2005 610,000 2011 740,000
<br />2006 630,000 2012 760,000
<br />2007 650,000 2013 800,000
<br />2008 665,000 2014 410,000
<br />
<br />and to pay interest, from the date of this Bond hereinafter stated, on the balance of each such installment of
<br />principal, respectively, from time to time remaining unpaid, at the rates as follows:
<br />
<br />maturity 2003, 2.500 % maturity 2009, 3.100 %
<br />maturity 2004, 2.500 % maturity 2010, 3.450 %
<br />maturity 2005, 2.500 % maturity 2011, 3.600 %
<br />maturity 2006, 2.500 % maturity 2012, 3.650 %
<br />maturity 2007, 2.500 % maturity 2013, 3.750 %
<br />maturity 2008, 2.875 % maturity 2014, 3.900 %
<br />
<br />with said interest being payable on December 15, 2003, and semiannually on each June 15 and December
<br />15 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 collection charges. The installments
<br />of principal and the interest on this Bond are payable to the registered owner hereof through the services of
<br />JPMORGAN CHASE BANK, DALLAS, TEXAS, which is the "Paying Agent/Registrar" for this Bond.
<br />Payment of all principal of and interest on this Bond shall be made by the Paying AgentJRegistrar to the
<br />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 Agent/Registrar 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 the Paying
<br />AgentlRegistrar 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 the registered owner hereof, at the address of the registered owner, as it appeared on the
<br />last business day of the month next preceding each such date (the "Record Date") on the Registration Books
<br />kept by the Paying Agent/Registrar, as hereinafter described, or by such other method acceptable to 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 Agent/Registrar, from the "Interest and Sinking Fund"
<br />
<br />4
<br />
|