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<br />Reference is hereby made to the Bond Ordinance for provisions with respect to the custody and application of the
<br />City's fun~, remedi~ ~ the e.v~t ofa defu.!.dt herelIDder or th~elIDder, and the other rights of the registered owner.
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<br />TInS BOND IS TRANSFERABLE OR EXCHANGEABLE only upon presentation and surrender at the
<br />principal corporate office of the Pa~& AgentlRegisttar, If this Bond is being transferred, it shall be duly endorsed
<br />for transfer or accompanied by an assignment duly executed by the registered owner, or his authorized
<br />repr~tative, subject to the terms and conditions of the Bond Ordinance.
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<br />IF TIlE DATE for the payment of the principal of or interest on this Bond shall be a Saturday, a SWlday, a
<br />legal holiday, or a day on which banking institutions in the city where the desi&!lated payment office of the Paying
<br />Agent/Registrar is located are authorized by law or executive order to close, or the United States Postal Service is
<br />not open for b1,1Siness, then the date fQr such J?8.yment shall be the next su~ceeding ~a~ which is not such a Saturday,
<br />Sunday, legal holiday, or day on which banking institutions are authorized to close, or the United States Postal
<br />Service is not open for business; and pa~ent on su<;h date shall have the same force and effect as if made on the
<br />original date payment was due,
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<br />ON MARCH IS, ~015t or on any <late ther~ftert the Bonds oftbis seri.es 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 whole,
<br />or in Part (prQvided th~ a ~rtion of a Bond may be redeemed only in an inte~al multiple of $5,000) at the
<br />redemption price of the principal amount of Bonds called for redemption, plus accrued interest thereon to the date
<br />~e4 for reQen;lption. If less than all of the .l.3onds are to ~ redtXmed,. tbe City shall determine the maturity or
<br />maturities and the amolIDts thereof to be redeemed and shall direct the Paying Agent/Registrar to call by lot Bonds,
<br />or portions thereo~ within such maturi!}'" 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 by
<br />th~ Pa~g Agent/Registrar by United States mail... first class, postag.e prepaid, to the registered owner of each Bond,
<br />or portion thereof to be redeemed, at its address as it appeared on the Registration Books on the 45th day prior to
<br />such rede{D.ptiQn date an(i to maior securities dep~itories, national bond rating agencies, and bond information
<br />services; provided, however, that the failure to send, mail, or receive such notice, or any defect therein or in the
<br />~(iing Or lIlailing th~eo~ shall not affect the validitY. Qr eff~tiveness ofthe prQCeedings for the redemption of any
<br />Bond. By the date fixed for any such redemption, due provision shall be made by the City with the Paying
<br />AgentlRegi&~ for the pa~ent of the re<l!lired redemption price for this Bond or the portion hereofwhich is to be
<br />so redeemed, plus accrued interest thereon to the date fixed for redemption. If such notice of redemption is given,
<br />an4 if dUe provisi.oI.l for ~ch payment is made,. all as provid~ abov~, this Bond, or the ~ortion thereof which is to be
<br />so redeemed, thereby automatically shall be redeemed prior to its scheduled maturity, and shall not bear interest
<br />afte( tbe ~te tiXed for its rede(Dpti.on, anet sha.ll not be regm:ded as being olJtstanding except for the right of the
<br />registered owner to receive the redemption price plus accrued interest to the date fixed for redemption from the
<br />P~~g Agent/RegistraT out of the funds prQvided for SUell pa:r:ment. The Paying Agent/Registrar shall record in the
<br />Registration Books all such redemptions ofpr.incipal of this Bond or any portion hereof. Ifa portion of any Bond
<br />shall Qe r~eemed.. a substitute Bond or Bonds having. the same matJll'ity date, bearin~ interest at the same rate, in
<br />any denomination or denominations in any integral multiple 0[$5,000, at the written request of the registered owner,
<br />and to an ~ggr~at.e principal amOlUlt CClual to the unred~emed Q<)rtion thereof, will be issued to the registered owner
<br />upon the surrender thereoffor cancellation, at the expense of the City, all as provided in the Bond Ordinance.
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<br />ALL BONDS OF nns SERIES are issuable soJe]~ as fully regist.ered Bon.~, without interest coupons, in
<br />the denomination of any integral multiple of $5,000. As provided .in the Bond Ordinance, this Bond, or any
<br />\.lI1redeem..e<l portion hereot may, at the re<l!lest of the re~stered owner or the. a.ssignee or assignees hereo~ be
<br />assigned, transferred, and exchanged for a like aggregate principal amount of fully regiStered Bonds, without interest
<br />CO\lpons, p~yctble to the appropriate registered owner, assignee, or assignees, as the case may be, having the same
<br />denomination or denominations in any integral multiple of $5,000 as requested in writing by the appropriate
<br />registered QW{l.~, {lssign~.. or assignees, as the <;ase may be, upon surreneter of this Bond to the Paying
<br />AgentlRegistrar for cancellation, all in accordance with the fonn and procedures set forth in the Bond Ordinance.
<br />AmQng other requirements for such ~ssi~~t and transfer, this Bond must be prl(Sel1ted and surrendered to the
<br />Paying AgentlRegistrar, together with proper instruments of assignment, in form and with guarantee of signatures
<br />satisfactory to the: P~ying Agent/Registrar, evidencing ass.i~ent of this Bond or any portion or portions hereof in
<br />any integral multiple of$5,OOO to the assignee or assignees in whose name or names this Bond or any such portion
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<br />063939.0001 AUSTIN 280348 v2
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