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Date but on or before the next following interest payment date, in which case such principal amount <br />shall bear interest from such next following interest payment date; provided, however, that if on the <br />date of authentication hereof the interest on the Bond or Bonds, if any, for which this Bond is being <br />exchanged is due but has not been paid, then this Bond shall bear interest from the date to which such <br />interest has been paid in full. <br />THE PRINCIPAL OF AND INTEREST ON this Bond are payable in lawful money of the <br />United States of America, without exchange or collection charges. The principal of this Bond shall <br />be paid to the registered owner hereof upon presentation and surrender of this Bond at maturity, or <br />upon the date fixed for its redemption prior to maturity, at the designated corporate trust office of The <br />Bank of New York Mellon Trust Company, N.A., in Dallas, Texas, which is the "Paying <br />Agent /Registrar" for this Bond. The payment of interest on this Bond shall be made by the Paying <br />Agent /Registrar to the registered owner hereof on each interest payment date by check or draft, dated <br />as of such interest payment date, drawn by the Paying Agent /Registrar on, and payable solely from, <br />funds of the Issuer required by the ordinance authorizing the issuance of this Bond (the 'Bond <br />Ordinance ") to be on deposit with the Paying Agent /Registrar for such purpose as hereinafter <br />provided; and such check or draft shall be sent by the Paying Agent /Registrar by United States mail, <br />first -class postage prepaid, on each such interest payment date, to the registered owner hereof, at its <br />address as it appeared on the last business day of the month preceding each such date (the "Record <br />Date ") on the Registration Books kept by the Paying Agent /Registrar, as hereinafter described. In <br />addition, interest may be paid by such other method, acceptable to the Paying Agent /Registrar, <br />requested by, and at the risk and expense of, the registered owner. In the event of a non - payment of <br />interest on a scheduled payment date, and for 30 days thereafter, a new record date for such interest <br />payment (a "Special Record Date ") will be established by the Paying Agent /Registrar, if and when <br />funds for the payment of such interest have been received from the Issuer. Notice of the Special <br />Record Date and of the scheduled payment date of the past due interest (which shall be 15 days after <br />the Special Record Date) shall be sent at least five business days prior to the Special Record Date by <br />United States mail, first -class postage prepaid, to the address of each owner of a Bond appearing on <br />the Registration Books at the close of business on the last business day next preceding the date of <br />mailing of such notice. <br />ANY ACCRUED INTEREST due at maturity or upon the redemption of this Bond prior to <br />maturity as provided herein shall be paid to the registered owner upon presentation and surrender of <br />this Bond for redemption and payment at the designated corporate trust office of the Paying <br />Agent /Registrar. The Issuer covenants with the registered owner of this Bond that on or before each <br />principal payment date, interest payment date, and accrued interest payment date for this Bond it will <br />make available to the Paying Agent /Registrar, from the "Interest and Sinking Fund" created by the <br />Bond Ordinance, the amounts required to provide for the payment, in immediately available funds, of <br />all principal of and interest on the Bonds, when due. <br />IF THE DATE for the payment of the principal of or interest on this Bond shall be a Saturday, <br />Sunday, a legal holiday or a day on which banking institutions in the city where the designated <br />corporate trust office ofthe Paying Agent /Registrar is located are authorized by law or executive order <br />to close, then the date for such payment shall be the next succeeding day that is not such a Saturday, <br />Sunday, legal holiday or day on which banking institutions are authorized to close; and payment on <br />such date shall have the same force and effect as if made on the original date payment was due. <br />8 <br />