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respective Registered Owners thereof (with the initial bond being made payable to the initial purchaser
<br />as described in Section 10 hereof), or to the registered assignee or assignees of said bonds or any
<br />portion or portions thereof (in each case, the "Registered Owner "), and said bonds shall mature and
<br />be payable serially on December 15 in each of the years and in the principal amounts, respectively, and
<br />shall bear interest from the dates set forth in the FORM OF BOND set forth in Section 4 of this
<br />Ordinance to their respective dates of maturity or redemption prior to maturity at the rates per annum,
<br />as set forth in the following schedule:
<br />Years of
<br />Principal
<br />Interest
<br />Years of
<br />Principal
<br />Interest
<br />Maturity
<br />Amount
<br />Rates
<br />Maturity
<br />Amount
<br />Rates
<br />2013
<br />$875,000
<br />1.000%
<br />2023
<br />$1,910,000
<br />5.000%
<br />2014
<br />875,000
<br />1.000%
<br />2024
<br />2,010,000
<br />5.000%
<br />2015
<br />560,000
<br />2.000%
<br />2025
<br />2,100,000
<br />4.000%
<br />2016
<br />775,000
<br />4.000%
<br />2026
<br />2,185,000
<br />4.000%
<br />2017
<br />775,000
<br />4.000%
<br />2027
<br />2,275,000
<br />4.000%
<br />2018
<br />750,000
<br />4.000%
<br />2028
<br />2,380,000
<br />5.000%
<br />2019
<br />750,000
<br />4.500%
<br />2029
<br />2,490,000
<br />4.250%
<br />2020
<br />1,500,000
<br />4.500%
<br />2030
<br />2,600,000
<br />4.375%
<br />2021
<br />1,730,000
<br />5.000%
<br />2031
<br />2,720,000
<br />4.375%
<br />2022
<br />1,815,000
<br />5.000%
<br />2032
<br />2,850,000
<br />5.000%
<br />Section 3. CHARACTERISTICS OF THE BONDS.
<br />(a) Registration, Transfer, Conversion and Exchange. The Issuer shall keep or cause to be
<br />kept at the designated corporate trust office of The Bank of New York Mellon Trust Company, N.A.,
<br />in Dallas, Texas (the "Paying Agent /Registrar "), books or records for the registration of the transfer,
<br />conversion and exchange of the Bonds (the "Registration Books "), and the Issuer hereby appoints the
<br />Paying Agent /Registrar as its registrar and transfer agent to keep such books or records and make such
<br />registrations of transfers, conversions and exchanges under such reasonable regulations as the Issuer
<br />and Paying Agent /Registrar may prescribe; and the Paying Agent /Registrar shall make such
<br />registrations, transfers, conversions and exchanges as herein provided. The Paying Agent /Registrar
<br />shall obtain and record in the Registration Books the address of the registered owner of each Bond
<br />to which payments with respect to the Bonds shall be mailed, as herein provided; but it shall be the
<br />duty of each registered owner to notify the Paying Agent /Registrar in writing of the address to which
<br />payments shall be mailed, and such interest payments shall not be mailed unless such notice has been
<br />given. The Issuer shall have the right to inspect the Registration Books during regular business hours
<br />of the Paying Agent /Registrar, but otherwise the Paying Agent /Registrar shall keep the Registration
<br />Books confidential and, unless otherwise required by law, shall not permit their inspection by any other
<br />entity. The Issuer shall pay the Paying Agent /Registrar's standard or customary fees and charges for
<br />making such registration, transfer, conversion, exchange and delivery of a substitute Bond or Bonds.
<br />Registration of assignments, transfers, conversions and exchanges of Bonds shall be made in the
<br />manner provided and with the effect stated in the FORM OF BOND set forth in this Ordinance. Each
<br />substitute Bond shall bear a letter and/or number to distinguish it from each other Bond.
<br />Except as provided in Section 3(c) of this Ordinance, an authorized representative of the
<br />Paying Agent /Registrar shall, before the delivery of any such Bond, date and manually sign said Bond,
<br />and no such Bond shall be deemed to be issued or outstanding unless such Bond is so executed. The
<br />Paying Agent /Registrar promptly shall cancel all paid Bonds and Bonds surrendered for conversion
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