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<br /> <br /> <br /> <br /> <br /> <br /> owner of each Bond to be redeemed at its address as it appeared on the 45th day prior to such <br /> redemption date; provided, however, that the failure to send, mail, or receive such notice, or any <br /> defect therein or in the sending or mailing thereof, shall not affect the validity or effectiveness of <br /> the proceedings for the redemption of any Bond, and it is hereby specifically provided that the <br /> publication of such notice as required above shall be the only notice actually required in <br /> connection with or as a prerequisite to the redemption of any Bonds or portions thereof. By the <br /> date fixed for any such redemption due provision shall be made with the Paying Agent/Registrar <br /> for the payment of the required redemption price for the Bonds or portions thereof which are to <br /> be so redeemed, plus accrued interest thereon to the date fixed for redemption. If such written <br /> notice of redemption is published and if due provision for such payment is made, all as provided <br /> above, the Bonds or portions thereof which are to be so redeemed thereby automatically shall be <br /> treated as redeemed prior to their scheduled maturities, and they shall not bear interest after the <br /> date fixed for redemption, and they shall not be regarded as being outstanding except for the right <br /> of the registered owner to receive the redemption price plus accrued interest from the Paying <br /> Agent/Registrar out of the funds provided for such payment. If a portion of any Bond shall be <br /> redeemed a substitute Bond or Bonds having the same maturity date, bearing interest at the same <br /> 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 <br /> portion thereof, will be issued to the registered owner upon the surrender thereof for cancellation, <br /> at the expense of the Issuer, all as provided in the Bond Ordinance. <br /> <br /> THIS BOND OR ANY PORTION OR PORTIONS HEREOF IN ANY INTEGRAL <br /> <br /> MULTIPLE OF $5,000 may be assigned and shall be transferred only in the Registration Books <br /> of the Issuer kept by the Paying Agent/Registrar acting in the capacity of registrar for the Bonds, <br /> upon the terms and conditions set forth in the Bond Ordinance. Among other requirements for <br /> such assignment and transfer, this Bond must be presented and surrendered to the Paying <br /> Agent/Registrar, together with proper instruments of assignment, in form and with guarantee of <br /> signatures satisfactory to the Paying Agent/Registrar, evidencing assignment of this Bond or any <br /> portion or portions hereof in any integral multiple of $5,000 to the assignee or assignees in whose <br /> 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 <br /> registered owner or its duly authorized attorney or representative,to evidence the assignment <br /> hereof. A new Bond or Bonds payable to such assignee or assignees (which then will be the new <br /> registered owner or owners of such new Bond or Bonds), or to the previous registered owner in <br /> the case of the assignment and transfer of only a portion of this Bond, may be delivered by the <br /> Paying Agent/Registrar in conversion of and exchange for this Bond, all in the form and manner <br /> as provided in the next paragraph hereof for the conversion and exchange of other Bonds. The <br /> Issuer shall pay the Paying Agent/Registrar's standard or customary fees and charges for making <br /> such transfer, but the one requesting such transfer shall pay any taxes or other governmental <br /> 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 <br /> commencing with the close of business on any Record Date and ending with the opening of <br /> business on the next following principal or interest payment date, or, (ii) with respect to any <br /> <br /> 17 <br />