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integral multiple of $5,000 to the assignee or assignees in whose name or names this Bond or any such <br />portion or portions hereof is or are to be registered. The form of Assignment printed or endorsed on <br />this Bond may be executed by the registered owner to evidence the assignment hereof, but such <br />method is not exclusive, and other instruments of assignment satisfactory to the Paying <br />Agent /Registrar maybe used to evidence the assignment of this Bond or any portion or portions hereof <br />from time to time by the registered owner. The Paying Agent /Registrar's reasonable standard or <br />customary fees and charges for assigning, transferring, converting and exchanging any Bond or portion <br />thereof will be paid by the Issuer. In any circumstance, any taxes or governmental charges required <br />to be paid with respect thereto shall be paid by the one requesting such assignment, transfer, <br />conversion or exchange, as a condition precedent to the exercise of such privilege. The Paying <br />Agent/Registrar shall not be required to make any such transfer, conversion, or exchange (i) during <br />the period commencing with the close of business on any Record Date and ending with the opening <br />of business on the next following principal or interest payment date, or (ii) with respect to any Bond <br />or any portion thereof called for redemption prior to maturity, within 45 days prior to its redemption <br />date. <br />IN THE EVENT any Paying Agent/Registrar for the Bonds is changed by the Issuer, resigns, <br />or otherwise ceases to act as such, the Issuer has covenanted in the Bond Ordinance that it promptly <br />will appoint a competent and legally qualified substitute therefor, and cause written notice thereof to <br />be mailed to the registered owners of the Bonds. <br />IT IS HEREBY certified, recited and covenanted that this Bond has been duly and validly <br />authorized, issued and delivered; that all acts, conditions and things required or proper to be <br />performed, exist and be done precedent to or in the authorization, issuance and delivery of this Bond <br />have been performed, existed and been done in accordance with law; and that annual ad valorem taxes <br />sufficient to provide for the payment of the interest on and principal of this Bond, as such interest <br />comes due and such principal matures, have been levied and ordered to be levied against all taxable <br />property in said Issuer, and have been pledged for such payment, within the limit prescribed by law. <br />THE ISSUER HAS RESERVED THE RIGHT to amend the Bond Ordinance as provided- <br />therein, and under some (but not all) circumstances amendments thereto must be approved by the <br />registered owners of a majority in aggregate principal amount of the outstanding Bonds. <br />BY BECOMING the registered owner of this Bond, the registered owner thereby <br />acknowledges all ofthe terms and provisions ofthe Bond Ordinance, agrees to be bound by such terms <br />and provisions, acknowledges that the Bond Ordinance is duly recorded and available for inspection <br />in the official minutes and records of the governing body of the Issuer, and agrees that the terms and <br />provisions of this Bond and the Bond Ordinance constitute a contract between each registered owner <br />hereof and the Issuer. <br />IN WITNESS WHEREOF, the Issuer has caused this Bond to be signed with the manual or <br />facsimile signature of the Mayor of the Issuer (or in the Mayor's absence, by the Mayor Pro -Tem) and <br />countersigned with the manual or facsimile signature of the City Clerk of the Issuer, and has caused <br />the official seal of the Issuer to be duly impressed, or placed in facsimile, on this Bond. <br />(signature) (signature) <br />Janice Ellis, City Clerk A.J. Hashmi, M.D., Mayor <br />10 <br />