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<br />est and Sinking Fund" created by the Bond Ordinance, the amounts required to provide for the payment, in
<br />immediately available funds, of all principal of and interest on the Bonds, when due.
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<br />IF TIlE DAlE for the payment of the principal of or interest on this Bond shall be a Saturday, a Sunday,
<br />a legal holiday, or a day on which banking institutions in the city where the principal corporate trust office of the
<br />Paying Agent/Registrar is located are authorized by law or executive order to close, or the United States Postal
<br />Service is not open for business, then the date for such payment shall be the next succeeding day which is not
<br />such a Saturday, Sunday, legal holiday, or day on which banking institutions are authorized to close, or the
<br />United States Postal Service is not open for business; and payment on such date shall have the same force and
<br />effect as if made on the original date payment was due.
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<br />ON FEBRUARY 15, 2002, or on any date thereafter, the Bonds of this Series may be redeemed prior to
<br />their scheduled maturities, at the option of the Issuer, with funds derived from any available and lawful source,
<br />as a whole, or in part (provided that a portion of a Bond may be redeemed only in an integral multiple of
<br />$5,(00) at the redemption price of the principal amount of Bonds called for redemption, plus accrued interest
<br />thereon to the date fixed for redemption. If less than all of the Bonds are to be redeemed, the Issuer shall
<br />detennine the maturity or maturities and the amounts thereof to be redeemed and shall direct the Paying
<br />Agent/Registrar to call by lot Bonds, or portions thereof, within such maturity or maturities and in such principal
<br />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
<br />by the Paying Agent/Registrar by United States mail, first class, postage prepaid, to the registered owner of each
<br />Bond, or portion thereof to be redeemed, at its address as it appeared on the Registration Books on the 45th day
<br />prior to such redemption date and to major securities depositories, national bond rating agencies, and bond
<br />information services; provided, however, that the failure to send, mail, or receive such notice, or any defect
<br />therein or in the sending or mailing thereof, shall not affect the validity or effectiveness of the proceedings for
<br />the redemption of any Bond. By the date fixed for any such redemption, due provision shall be made by the
<br />Issuer with the Paying Agent/Registrar for the payment of the required redemption price for this Bond or the
<br />portion hereof which is to be so redeemed, plus accrued interest thereon to the date fixed for redemption. If
<br />such notice of redemption is given, and if due provision for such payment is made, all as provided above, this
<br />Bond, or the portion thereof which is to be so redeemed, thereby automatically shall be redeemed prior to its
<br />scheduled maturity, and shall not bear interest after the date fixed for its redemption, and shall not be regarded
<br />as being outstanding except for the right of the registered owner to receive the redemption price plus accrued
<br />interest to the date fixed for redemption from the Paying Agent/Registrar out of the funds provided for such
<br />payment. The Paying Agent/Registrar shall record in the Registration Books all such redemptions of principal of
<br />this Bond or any portion hereof. If a portion of any Bond shall be redeemed, a substitute Bond or Bonds having
<br />the same maturity date, bearing interest at the same rate, in any denomination 0r denominations in any integral
<br />multiple of $5,000, at the written request of the registered owner, and in an aggregate principal amount equal to
<br />the unredeemed portion thereof, will be issued to the registered owner upon the surrender thereof for
<br />cancellation, at the expense of the Issuer, all as provided in the Bond Ordinance.
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<br />ALL BONDS OF THIS SERIES are issuable solely as fully registered Bonds, 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 />unredeemed portion 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
<br />interest coupons, payable to the appropriate registered owner, assignee, or assignees, as the case may be, having
<br />the same denomination or denominations in any integral multiple of $5,000 as requested in writing by the
<br />appropriate registered owner, assignee, or assignees, as the case may be, upon surrender of this Bond to the
<br />Paying Agent/Registrar for cancellation, all in accordance with the form and procedures set forth in the Bond
<br />Ordinance. Among other requirements for such assignment and transfer, this Bond must be presented and
<br />surrendered to the Paying Agent/Registrar, together with proper instruments of assignment, in fonn and with
<br />guarantee of signatures satisfactory to the Paying Agent/Registrar, evidencing assignment of this Bond or any
<br />portion or portions hereof in any 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 registered. The fonn of Assignment
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