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<br /> <br /> 4 <br /> <br /> <br /> ~ <br /> ~ <br /> ~ <br /> iredemption of any Certificate of Obligation, and it is hereby <br /> specifically provided that the giving of notice by the Issuer <br /> to the Paying Agent/Registrar as required above shall be the <br /> only notice actually required in connection with or as a <br /> prerequisite to the redemption of any Certificates of Obliga- <br /> ~tion. By the date fixed for any such redemption due provision <br /> shall be made with the Paying Agent/Registrar for the payment <br /> lof the required redemption price for the Certificates of ~ <br /> ~Obligation which are to be so redeemed, plus accrued interest <br /> thereon to the date fixed for redemption. If such written <br /> notice of redemption is given to the Paying Agent/Registrar and <br /> if due provision for such payment is made, all as provided <br /> above, the Certificates of Obligation which are to be so re- ~ <br /> deemed thereby automatically shall be treated as redeemed prior <br /> kto their scheduled maturities, and they shall not bear interest ~ <br /> after the date fixed for redemption, and they shall not be <br /> jregarded as being outstanding except for the right of the <br /> ;registered owner to receive the redemption price plus accrued <br /> interest from the Paying Agent/Registrar out of the funds pro- <br /> vided for such payment. <br /> THIS CERTIFICATE OF OBLIGATION OR ANY PORTION OR PORTIONS <br /> HEREOF IN ANY INTEGRAL MULTIPLE OF $5,000 may be assigned and <br /> shall be transferred only in the Registration Books of the <br /> Issuer kept by the Paying Agent/Registrar acting in the capa- ~ <br /> city of registrar for the Certificates of Obligation, upon the <br /> terms and conditions set forth in the Certificate of Obligation <br /> Ordinance. Among other requirements for such assignment and <br /> transfer, this Certificate of Obligation must be presented and <br /> surrendered to the Paying Agent/Registrar, together with proper <br /> instruments of assignment, in form and with guarantee of <br /> signatures satisfactory to the Paying Agent/Registrar, evidenc- <br /> Iing assignment of this Certificate of Obligation or any portion <br /> lor portions hereof in any integral multiple of $5,000 to the <br /> !of assignee or assignees in whose name or names this Certificate <br /> Obligation or any such portion or portions hereof is or are <br /> to be transferred and registered. The form of Assignment <br /> printed or endorsed on this Certificate of Obligation shall be <br /> executed by the registered owner or its duly authorized attor- <br /> ney or representative to evidence the assignment hereof. A new <br /> Certificate of Obligation or Certificates of Obligation payable <br /> (to such assignee or assignees (which then will be the new <br /> ~registered owner or owners of such new Certificate of Obliga- <br /> ~tion or Certificates of Obligation), or to the previous regis- <br /> rtered owner in the case of the assignment and transfer of only <br /> 'a portion of this Certificate of Obligation, may be delivered <br /> ~by the Paying Agent/Registrar in conversion of and exchange for <br /> ~this Certificate of Obligation, all in the form and manner as <br /> provided in the next paragraph hereof for the conversion and <br /> exchange of other Certificates of Obligation. The Issuer shall <br /> pay the Paying Agent/Registrar's standard or customary fees and <br /> charges for making such transfer, but the one requesting such <br /> transfer shall pay any taxes or other governmental charges <br /> Irequired to be paid with respect thereto. The Paying Agent/ <br /> Registrar shall not be required to make transfers of regis- <br /> tration of this Certificate of Obligation or any portion hereof <br /> (i) during the period commencing with the close of business on <br /> any Record Date and ending with the opening of business on the <br /> ~next following principal or interest payment date, or, (ii) <br /> with respect to any Certificate of Obligation or any portion <br /> thereof called for redemption prior to maturity, within 20 days <br /> prior to its redemption date. The registered owner of this <br /> Certificate of Obligation shall be deemed and treated by the <br /> Issuer and the Paying Agent/Registrar as the absolute owner <br /> hereof for all purposes, including payment and discharge of <br /> liability upon this Certificate of Obligation to the extent of <br /> such payment, and the Issuer and the Paying Agent/Registrar <br /> shall not be affected by any notice to the contrary. <br /> ~ <br /> I <br /> 15 <br />