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<br />in the manner set forth in the ordinance authorizing the issuance of this Bond adopted by the City Council of the
<br />City on March 17, 1994 (the "Ordinance").
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<br />IF THE DATE for the payment of the principal of or interest on this Bond shall be a Saturday, a
<br />Sunday, a legal holiday, or a day on which banking institutions in the city where the Paying Agent/Registrar is
<br />located are authorized by law or executive order to close, then the date for such payment shall be the next
<br />succeeding day which is not such a Saturday, Sunday, legal holiday, or day on which banking institutions are
<br />authorized to close; and payment on such date shall have the same force and effect as if made on the original
<br />date payment was due.
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<br />THIS BOND is one of a series of bonds of like tenor and effect, except as to denomination, number,
<br />maturity, interest rate, and right of prior redemption, issued in the aggregate principal amount of $2,460,000 for
<br />the purpose of providing funds to refund the Refunded Obligations named in the Ordinance and to pay costs of
<br />issuance,
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<br />THE BONDS of this Series scheduled to mature on and after March 15,2003 may be redeemed prior to
<br />their scheduled maturities, in whole, or in part in principal amounts of $5,000 or any integral multiple thereof, at
<br />the option of the City, on March 15, 2002, or on any date selected by the City thereafter, at the redemption price
<br />of the par value plus accrued interest to the date fIxed for redemption. If less than all of the Bonds are to be
<br />redeemed by the City, the City shall, determine the maturity or maturities and the amounts therewith to be
<br />redeemed and shall direct the Paying Agent/Registrar to call by lot Bonds, or portions thereof, within such
<br />maturity or maturities and in such principal amounts, for redemption,
<br />
<br />AT LEAST 30 days prior to the date for any such redemption, a notice of such redemption shall be sent
<br />by the Paying Agent/Registrar by United States mail, first class, postage prepaid, to the registered owner of each
<br />Bond, or portion thereof to be redeemed, at its address as it appeared on the Registration Books on the 45th day
<br />prior to such redemption date and to major securities depositories, national bond rating agencies, and bond
<br />infonnation services; provided, however, that the failure to send, mail, or receive such notice, or any defect
<br />therein or in the sending or mailing thereof, shall not affect the validity or effectiveness of the proceedings for
<br />the redemption of any Bond. By the date fIxed for any such redemption, due provision shall be made by the
<br />Issuer with the Paying Agent/Registrar for the payment of the required redemption price for this Bond or the
<br />portion hereof which is to be so redeemed, plus accrued interest thereon to the date fixed for redemption. If
<br />such notice of redemption is given, and if due provision for such payment is made, all as provided above. this
<br />Bond, or the portion thereof which is to be so redeemed, thereby automatically shall be redeemed prior to its
<br />scheduled maturity, and shall not bear interest after the date fixed for its redemption, and shall not be regarded
<br />as being outstanding except for the right of the registered owner to receive the redemption price plus accrued
<br />interest to the date fiXed for redemption from the Paying Agent/Registrar out of the funds provided for such
<br />payment. The Paying Agent/Registrar shall record in the Registration Books all such redemptions of principal of
<br />thiS Bond or any portion hereof. If a portion of any Bond shall be redeemed, a substitute Bond or Bonds having
<br />the same maturity date, bearing interest at the same rate, in any denomination or denominations in any integral
<br />multiple of $5,000, at the written request of the registered owner, and in an aggregate principal amount equal to
<br />the unredeemed portion thereof, will be issued to the registered owner upon the surrender thereof for
<br />cancellation, at the expense of the Issuer, all as provided in the Ordinance.
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<br />ALL BONDS OF THIS SERIES are issuable solely as fully registered bonds, without interest coupons,
<br />in the denomination of any integral multiple of $5,000. As provided in the Ordinance, this Bond, or any
<br />unredeemed portion hereof, may, at the request of the registered owner or the assignee or assignees hereof, be
<br />assigned, transferred, and ,exchanged for a like aggregate principal amount of fully registered bonds, without
<br />interest coupons, payable to the appropriate registered owner, assignee, or assignees, as the case may be, having
<br />the same maturity date, and bearing interest at the same rate, in any denomination or denominations in any
<br />integral multiple of $5,000 as requested in writing by the appropriate registered owner, assignee, or assignees, as
<br />the case may be, upon surrender of this Bond to the Paying Agent/Registrar for cancellation, all in accordance
<br />with the form and procedures set forth in the Ordinance, Among other requirements for such assignment and
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