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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 funds, remedies in the ~vent of a defuult hereunder or thereunder, and the other 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 Pa~g AgentlRegistrar. 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~s~ntative, subject to the tenns 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, a
<br />legal holiday, or a day on which banking institutions in the city where the designated payment office of the Paying
<br />Agent/Registrar is located are authorized by law or eXeCl.ltive order to close, or the United States Postal Service is
<br />not open for business, then the date for such payment shall be the next succeeding day 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)'l11ent on such 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 15, 2015, or on any date there<:ifter, the Bonds of this series may be redeemed prior to their
<br />scheduled mahrrities, at the option of the City, with funds derived from ,my available and lawfhl SOlrrce, as a whole,
<br />or in part (prQvided th;;lt a portion of a Bond may be redeemed only in an integral multiple of $5,000) at the
<br />redemption price of the principal aIDOlmt of Bonds called for redemption, plus accmed interest thereon to the date
<br />fixe4 for re4eroption. If less than all of the Bonds are to be redeemed, the City shall determine the maturity or
<br />maturities and the amounts thereof to be redeemed and shall direct the Paying AgentJRegistrar to call by lot Bonds,
<br />or 2ortions thereof, within such maturity or maturities and in such principal amounts, tor redemption.
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<br />AT LEAST 30 days prior to the date tor any such redemption, a notice of such redemption shall be sent by
<br />the Paying AgentlRegistrar by United States mail" first class, postage 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 redemption date and to major securities depositories, national bond rating agencies, and bond intonnation
<br />services; provided, however, that the fuilure to send, mail, or receive such notice, or any defect therein or in the
<br />s~nding or ~nailing th~eot: shall not afl:ect the validity or ~fteGtiveness of the proceedings 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 />AgentJRegistr<rr for the payment of the required redemption price for this Bond or the portion hereof which 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 provision for such payment is made, all as provided abov~, this Bond, or the portion thereof which is to be
<br />so redeemed, thereby automatically shall be redeemed prior to its scheduled maturity, and shall not bear interest
<br />;;lfter the d?te fixed for its redelllption, and Sh;;lll not be regarded as being outstanding except for the right of the
<br />registered owner to receive the redemption price plus accmed interest to the date fixed for redemption from the
<br />P<:iyirlg Agent/Registrar out of the funds provided for such payment. The Pa~g Agent/Registrar shall record in the
<br />Registration Books all such redemptions of principal of this Bond or any portion hereof. If a portion of any Bond
<br />shall be redeemed, a substitute Bond or Bonds having the same maturity date, bearin~ interest at the same rate, in
<br />any denomination or denominations in any integral multiple of$5,000, at the written request of the registered owner,
<br />;;lI1d in an ;;lggregate principal amount equal to the unredeemed portion thereof, will be issued to the registered owner
<br />upon the surrender thereoffor c,mcellation, at the expense of the City, all as provided in the Bond Ordinance.
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<br />ALL BONDS OF nns SERll~S are issuable solely as fully registered Bond~, 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 />\llITede~med pQrtion 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 interest
<br />GO\lpons, Pilyable 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 />('egistered OWl1er, ;;lssignee" or assignees, as the Gase may be, upon surren4er of this Bond to the Paying
<br />AgentJRegistrar tlx cancellation, all in accordance with the fonn and procedures set forth in the Bond Ordinance.
<br />Among other requirements for such assigrunent and transfer, this Bond must be pr~sented and surrendered to the
<br />Paying AgentJRegistrar, together with proper instruments of assignment, in tonll and with guarantee of signatures
<br />satistactory to the P;;lying Agent/Registrar, evidencing assignment of this Bond or any portion or portions hereof in
<br />any integral multiple of $5,000 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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