|
<br />e
<br />
<br />e
<br />
<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 Bond Ordinance.
<br />
<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 Bond Ordinance, this Bond,
<br />or any unredeemed portion hereof, may, at the request of the registered
<br />owner 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 denomination or
<br />denominations in any integral multiple of $5,000 as requested in writing by
<br />the appropriate registered owner, assignee, or assignees, as the case may
<br />be, upon surrender of this Bond to the Paying Agent/Registrar for cancella-
<br />tion, all in accordance with the form and procedures set forth in the Bond
<br />Ordinance. Among other requirements for such assignment and transfer,
<br />this Bond must be presented and surrendered to the Paying
<br />Agent/Registrar, together with proper instruments of assignment, in form
<br />and with guarantee of signatures satisfactory to the Paying Agent/Registrar,
<br />evidencing assignment of this Bond or any portion or portions hereof in any
<br />integral multiple of $5,000 to the assignee or assignees in whose name or
<br />names this Bond or any such portion or portions hereof is or are to be
<br />registered. The form of Assignment printed or endorsed on this Bond may
<br />be executed by the registered owner to evidence the assignment hereof, but
<br />such method is not exclusive, and other instruments of assignment satisfac-
<br />tory to the Paying Agent/Registrar may be used to evidence the assignment
<br />of this Bond or any portion or portions hereof from time to time by the
<br />registered owner. The person requesting such transfer and exchange shall
<br />pay the Paying Agent/Registrar's reasonable standard or customary fees and
<br />charges for transferring and exchanging any Bond or portion thereof. In
<br />any circumstance, any taxes or governmental charges required to be paid
<br />with respect thereto shall be paid by the person requesting such
<br />assignment, transfer, or exchange, as a condition precedent to the exercise
<br />of such privilege. The foregoing notwithstanding, in the case of the
<br />exchange of a portion of a Bond which has been redeemed prior to maturity,
<br />
<br />9
<br />
|