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<br />in integral multiples of $5,000. In selecting for redemption portions of Bonds in denominations larger <br />than $5,000, each such Bond wil! be treated as representing that number of Bonds of $5,000 <br />denomination which is obtained by dividing the principal amount of such Bond by $5,000. <br /> <br />Mandatory Redemption <br /> <br />The Bonds maturing on December 1, 2016 are subject to mandatory redemption prior to maturity <br />OP. December 1 in each of the years and in the respective principal amounts set forth below, in each <br />case at a redemption price equal to 100% of the principal amount plus accrued interest to the date of <br />redemption, if any. <br /> <br />Year <br /> <br />Amount <br /> <br />2011. ... .. . .. . ... .............................. <br /> <br />2012......................................,... . <br /> <br />2013.......................................... . <br /> <br />2014. ... .... ........... ........... ............. <br /> <br />2015.......................................... . <br /> <br />2016.......................................... . <br /> <br />$12,995,000 <br />14,040,000 <br />15,160,000 <br />16,370,000 <br />17,685,000 <br />19,100,000f <br /> <br />f Final maturity <br /> <br />Notice of Redemption <br /> <br />In the case of either optional or mandatory redemption, notice of such redemption identifying the <br />numbers of the Bonds or portions thereof to be redeemed shall be given to the registered owners <br />thereof by first class mail at least 30 days prior to the date fixed for redemption. <br /> <br />Ownership <br /> <br />The City, the Paying Agent/Registrar, and any other person may treat the person in whose name <br />any Bond is registered as the absolute Owner of such Bond for the purpose of making and receiving <br />payment of the principal thereof and premium, if any, thereon, and for the further purpose of making <br />and receiving payment of the interest thereon, and for all other purposes, whether or not such Bond is <br />overdue. Neither the City nor the Paying Agent/R~gistrar shall be bound by any notice or knowledge <br />to the contrary. All payments made to the person deemed to be the Owner of any Bond in accordance <br />with the Ordinance shall be valid and effective and shall discharge the liability of the City and the <br />Paying Agent/Registrar for such Bond to the extent of the sums paid. <br /> <br />Transfers and Exchanges <br /> <br />So long as any Bonds remain Outstanding, the Paying Agent/Registrar shall keep the Register at <br />its principal corporate trust office in which, subject to such reasonable regulations as it may prescribe, <br />the Paying Agent/Registrar shall provide for the registration and transfer of the Bonds in accordance <br />with the terms of the Ordinance. <br /> <br />Each Bond shall be transferable only upon the presentation and surrender thereof, accompanied <br />by an assignment duly executed by the owner or his authorized representative in form satisfactory to <br />the Paying Agent/Registrar. Upon due presentation of a Bond for transfer, the Paying Agent/Registrar <br />is required to authenticate and deliver in exchange therefor, within 72 hours after such presentation, a <br />new Bond or Bonds, registered in the name of the transferee or transferees, in authorized denomina- <br />tions and of the same maturity and bearing interest at the same rate as the Bond or Bonds so presented. <br /> <br />All Bonds shall be exchangeable upon the presentation and surrender thereof at the principal <br />corporate trust office of the Paying Agent/Registrar for a Bond or Bonds of the same maturity and <br />interest rate and in any authorized denomination, in aggregate principal amount equal to the unpaid <br />principal amount of the Bond or Bonds delivered for exchange. Any Bond issued on transfer or in <br /> <br />2 <br /> <br />.--~.. <br /> <br />_....7,. :" <br /> <br /> <br />l <br />