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in annual installments of principal due and payable on December 15 in each of the years, and in the
<br />respective principal amounts, as set forth in the following schedule:
<br />YEAR
<br />AMOUNT
<br />YEAR
<br />AMOUNT
<br />2002
<br />$ 545,000
<br />2007
<br />$ 700,000
<br />2003
<br />585,000
<br />2008
<br />730,000
<br />2004
<br />610,000
<br />2009
<br />770,000
<br />2005
<br />635,000
<br />2010
<br />810,000
<br />2006
<br />670,000
<br />2011
<br />850,000
<br />and to pay interest, from the date of delivery of this Bond hereinafter stated, on the balance of each
<br />such installment of principal, respectively, from time to time remaining unpaid, at the rates as
<br />follows:
<br />maturity 2002, 4.05%
<br />maturity 2003, 4.15%
<br />maturity 2004, 4.50%
<br />maturity 2005, 4.30%
<br />maturity 2006, 4.40%
<br />maturity 2007, 4.50%
<br />maturity 2008, 4.50%
<br />maturity 2009, 4.60%
<br />maturity 2010, 4.85%
<br />maturity 2011, 4.95%
<br />with said interest being payable on December 15, 1998 and semiannually on each June 15 and
<br />December 15 thereafter while this Bond or any portion hereof is outstanding and unpaid.
<br />THE INSTALLMENTS OF PRINCIPAL OF AND THE INTEREST ON this Bond are
<br />payable in lawful money of the United States of America, without exchange or collection charges.
<br />The installments of principal and the interest on this Bond are payable to the registered owner hereof
<br />through the services of The Bank of New York, New York, New York, which is the "Paying
<br />Agent/Registrar" for this Bond. Payment of all principal of and interest on this Bond shall be made
<br />by the Paying Agent/Registrar to the registered owner hereof on each principal and/or interest
<br />payment date by check or draft, dated as of such date, drawn by the Paying AgentlRegistrar on, and
<br />payable solely from, funds of the Issuer required by the ordinance authorizing the issuance of this
<br />Bond (the "Bond Ordinance") to be on deposit with the Paying Agent/Registrar for such purpose as
<br />hereinafter provided; and such check or draft shall be sent by the Paying Agent/Registrar by United
<br />States mail, first-class postage prepaid, on each such principal and/or interest payment date, to the
<br />registered owner hereof, at the address of the registered owner, as it appeared on the last business
<br />day of the month next preceding each such date (the "Record Date") on the Registration Books kept
<br />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
<br />Issuer covenants with the registered owner of this Bond that on or before each principal and/or
<br />interest payment date for this Bond it will make available to the Paying AgentlRegistrar, from the
<br />"Interest and Sinking Fund" created by the Bond Ordinance, the amounts required to provide for the
<br />payment, in immediately available funds, of all principal of and interest on this Bond, when due.
<br />IF THE DATE for the payment of the principal of or interest on this Bond shall be a
<br />Saturday, Sunday, a legal holiday, or a day on which banking institutions in the city where the
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