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<br />e
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<br />e ORIGINAL
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<br />and application of the City's funds, remedies in the event of a default hereunder or thereunder, and the other
<br />rights of the registered owner.
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<br />THIS BOND IS TRANSFERABLE OR EXCHANGEABLE only upon presentation and surrender at the
<br />principal corporate office of the Paying Agent/Registrar. If this Bond is being transferred, it shall be duly
<br />endorsed for transfer or accompanied by an assignment duly executed by the registered owner, or his authorized
<br />representative, subject to the terms and conditions of the Bond 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 Sunday,
<br />a legal holiday, or a day on which banking institutions in the city where the designated payment office of the
<br />Paying Agent/Registrar is located are authorized by law or executive order to close, or the United States Postal
<br />Service is not open for business, then the date for such payment shall be the next succeeding day which is not
<br />such a Saturday, Sunday, legal holiday, or day on which banking institutions are authorized to close, or the United
<br />States Postal Service is not open for business; and payment on such date shall have the same force and effect as
<br />if made on the original date payment was due.
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<br />ON MARCH 15,2009, or on any date thereafter, the Bonds of this series may be redeemed prior to their
<br />scheduled maturities, at the option of the City, with funds derived from any available and lawful source, as a
<br />whole, or in part (provided that a portion of a Bond may be redeemed only in an integral multiple of $5,000) at
<br />the redemption price of the principal amount of Bonds called for redemption, plus accrued interest thereon to the
<br />date fixed for redemption. If less than all of the Bonds are to be redeemed, the City shall determine the maturity
<br />or maturities and the amounts thereof to be redeemed and shall direct the Paying Agent/Registrar to call by lot
<br />Bonds, or portions thereof, within such maturity or maturities and in such principal amounts, for redemption.
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<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 />information 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 City
<br />with the Paying Agent/Registrar for the payment of the required redemption price for this Bond or the portion
<br />hereof which is to be so redeemed, plus accrued interest thereon to the date fixed for redemption. If such notice
<br />of redemption is given, and if due provision for such payment is made, all as provided above, this Bond, or the
<br />portion thereof which is to be so redeemed, thereby automatically shall be redeemed prior to its scheduled
<br />maturity, and shall not bear interest after the date fixed for its redemption, and shall not be regarded as being
<br />outstanding except for the right of the registered owner to receive the redemption price plus accrued interest to
<br />the date fixed for redemption from the Paying Agent/Registrar out of the funds provided for such payment. The
<br />Paying Agent/Registrar shall record in the Registration Books all such redemptions of principal of this Bond or
<br />any portion hereof. If a portion of any Bond shall be redeemed, a substitute Bond or Bonds having the same
<br />maturity date, bearing interest at the same rate, in any denomination or denominations in any integral multiple
<br />of $5,000, at the written request of the registered owner, and in an aggregate principal amount equal to the
<br />unredeemed portion thereof, will be issued to the registered owner upon the surrender thereof for cancellation,
<br />at the expense of the City, all as provided in the Bond 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 Bond 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 denomination or denominations in any integral multiple of $5,000 as requested in writing by the
<br />appropriate registered owner, assignee, or assignees, as the case may be, upon surrender of this Bond to the
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