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ON JUNE 15, 2018, or on any date thereafter, the outstanding Bonds of this series may be
<br />redeemed prior to their scheduled maturities, at the option of the Issuer, with funds derived from any
<br />available and lawful source, as a whole, or in part, and, if in part, the particular Bonds, or portions
<br />thereof, to be redeemed shall be selected and designated by the Issuer (provided that a portion of a
<br />Bond may be redeemed only in an integral multiple of $5,000), at a redemption price equal to the
<br />principal amount to be redeemed plus accrued interest to the date fixed for redemption.
<br />AT LEAST 30 days prior to the date fixed for any redemption of Bonds or portions thereof
<br />prior to maturity a written notice of such redemption shall be sent by the Paying Agent/Registrar by
<br />United States mail, first-class postage prepaid to the registered owner of each Bond to be redeemed
<br />at its address as it appeared on the registration books of the Paying Agent/Registrar at the close of
<br />business on the business day next preceding the date of mailing such notice; provided, however, that
<br />the failure of the registered owner to receive such notice, or any defect therein or in the sending or
<br />mailing thereof, shall not affect the validity or effectiveness of the proceedings for the redemption
<br />of any Bond. By the date fixed for any such redemption due provision shall be made with the
<br />Paying Agent/Registrar for the payment of the required redemption price for the Bonds or portions
<br />thereof that are to be so redeemed. If such written notice of redemption is sent and if due provision
<br />for such payment is made, all as provided above, the Bonds or portions thereof that are to be so
<br />redeemed thereby automatically shall be treated as redeemed prior to their scheduled maturities, and
<br />they shall not bear interest after the date fixed for redemption, and they shall not be regarded as
<br />being outstanding except for the right of the registered owner to receive the redemption price from
<br />the Paying Agent/Registrar out of the funds provided for such payment. If a portion of any Bond
<br />shall be redeemed, a substitute Bond or Bonds having the same maturity date, bearing interest at the
<br />same rate, in any denomination or denominations in any integral multiple of $5,000, at the written
<br />request of the registered owner, and in aggregate principal amount equal to the unredeemed portion
<br />thereof, will be issued to the registered owner upon the surrender thereof for cancellation, at the
<br />expense of the Issuer, all as provided in the Bond Ordinance.
<br />ALL BONDS OF THIS SERIES are issuable solely as fully registered bonds, without
<br />interest coupons, in the denomination of any integral multiple of $5,000. As provided in the Bond
<br />Ordinance, this Bond may, at the request of the registered owner or the assignee or assignees hereof,
<br />be assigned, transferred, converted into and exchanged for a like aggregate principal amount of fully
<br />registered Bonds, without interest coupons, payable to the appropriate registered owner, assignee
<br />or assignees, as the case may be, having the same denomination or denominations in any integral
<br />multiple of $5,000 as requested in writing by the appropriate registered owner, assignee or
<br />assignees, as the case may be, upon surrender of this Bond to the Paying Agent/Registrar for
<br />cancellation, all in accordance with the form and procedures set forth in the Bond Ordinance.
<br />Among other requirements for such assignment and transfer, this Bond must be presented and
<br />surrendered to the Paying Agent/Registrar, together with proper instruments of assignment, in form
<br />and with guarantee of signatures satisfactory to the Paying Agent/Registrar, evidencing assignment
<br />of this Bond or any portion or portions hereof in any integral multiple of $5,000 to the assignee or
<br />assignees in whose name or names this Bond or any such portion or portions hereof is or are to be
<br />registered. The form of Assignment printed or endorsed on this Bond may be executed by the
<br />registered owner to evidence the assignment hereof, but such method is not exclusive, and other
<br />instruments of assignment satisfactory to the Paying Agent/Registrar may be used to evidence the
<br />assignment of this Bond or any portion or portions hereof from time to time by the registered owner.
<br />The Paying Agent/Registrar's reasonable standard or customary fees and charges for assigning,
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