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<br />for any such redemption, to the registered owner of each Bond, or portion
<br />thereof to be redeemed, at its address as it appeared on the Registration
<br />Books on the 45th day prior to such redemption date and to major securities
<br />depositories, national bond rating agencies, and bond information services;
<br />provided, however, that the failure to send, mail, or receive such notice, or
<br />any defect therein or in the sending or mailing thereof, shall not affect the
<br />validity or effectiveness of the proceedings for the redemption of any Bond,
<br />and the publication of notice as described above shall be the only notice
<br />actually required in connection with or as a prerequisite to the redemption
<br />of any Bonds. By the date fixed for any such redemption, due provision
<br />shall be made by the Issuer with the Paying Agent/Registrar for the
<br />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
<br />fixed for redemption. If such notice of redemption is given, and if due
<br />provision for such payment is made, all as provided above, this Bond, or
<br />the portion thereof which is to be so redeemed, thereby automatically shall
<br />be redeemed prior to its scheduled maturity, and shall not bear interest
<br />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
<br />redemption price plus accrued interest to the date fixed for redemption from
<br />the Paying Agent/Registrar out of the funds provided for such payment.
<br />The Paying Agent/Registrar 'shall record in the Registration Books all such
<br />redemptions of principal of this Bond or any portion hereof.' If a portion of
<br />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
<br />denominations in any integral multiple of $5,000, at the ..written request of
<br />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
<br />surrender thereof for cancellation, at the expense of the Issuer, all as
<br />provided in the Ordinance.
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<br />ALL BONDS OF THIS SERIES are issuable solely as fully
<br />registered bonds, without interest coupons,' in the denomination of any
<br />integral multiple of $5,000. As provided in the Ordinance, this Bond, or
<br />any unredeemed portion hereof, may, at' the request of the registered owner
<br />or the' assignee or assignees hereof, be assigned, transferred, and
<br />exchanged for a like aggregate principal amount of fully registered bonds,
<br />without interest coupons, payable to the appropriate registered owner,
<br />assignee, or assignees, as the case may be, having the same maturity date,
<br />and bearing interest at the same rate, in any denomination or denominations
<br />in any integral multiple of $5,000 as requested in writing by the appropriate
<br />registered owner, assignee, or assignees, as the case may be, upon
<br />surrender of this Bond to the Paying Agent/Registrar for cancellation, all in
<br />accordance with the form and procedures set forth in the Ordinance. Among
<br />other requirements for such assignment and transfer, this Bond must be
<br />presented and surrendered to the Paying Agent/Registrar, together with
<br />proper instruments of assignment, in form and with guarantee of signatures
<br />satisfactory to the Paying Agent/Registrar, evidencing assignment of this
<br />Bond or any portion or portions hereof in any integral multiple of $5,000 to
<br />the assignee or assignees in whose name or names this Bond or any such
<br />portion or portions hereof is or are to be transferred and registered. The
<br />form of Aaail(nment printed or endorsed on this Bond may be executed by
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