|
• •
<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 such
<br />a Saturday, Sunday, legal holiday, or day on which banking institutions are authorized to close, or the United States
<br />Postal Service is not open for business; and payment on such date shall have the same force and effect as if made
<br />on the original date payment was due.
<br />ON FEBRUARY 15, 2002, or on any date thereafter, the Bonds of this Series may be redeemed prior to their
<br />scheduled maturities, at the option of the Issuer, with funds derived from any available and lawful source, as a whole,
<br />or in part (provided that a portion of a Bond may be redeemed only in an integral multiple of $5,000) at the
<br />redemption price of the principal amount of Bonds called for redemption, plus accrued interest thereon to the date
<br />fined for redemption. If less than all of the Bonds are to be redeemed, the Issuer shall determine the maturity or
<br />maturities and the amounts thereof to be redeemed and shall direct the Paying Agent/Registraz to call by lot Bonds,
<br />or portions thereof, within such maturity or maturities and in such principal amounts, for redemption.
<br />AT LEAST 30 days prior to the date for any such redemption, a notice of such redemption shall be sent by
<br />the Paying Agent/Registrar 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 information
<br />services; provided, however, that the failure to send, mail, or receive such notice, or any defect therein or in the
<br />sending or mailing thereof, shall not affect the validity or effectiveness of the proceedings for the redemption of any
<br />Bond. By the date fined for any such redemption, due provision shall be made by the Issuer with the Paying
<br />Agent/Registraz 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 />and if due provision for such payment is made, all as provided above, this Bond, or the portion thereof which is to
<br />be so redeemed, thereby automatically shall 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 outstanding except for the right of the
<br />registered owner to receive the redemption price plus accrued interest to the date fixed for redemption from the
<br />Paying Agent/Registraz out of the funds provided for such payment. The Paying Agent/Registraz 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, bearing 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 />and in an aggregate principal amount equal to the unredeemed portion thereof, will be issued to the registered owner
<br />upon the surrender thereof for cancellation, at the expense of the Issuer, all as provided in the Bond Ordinance.
<br />ALL BONDS OF THIS SERIES aze issuable solely as fully registered Bonds, without interest coupons, in the
<br />denomination of any integral multiple of $5,000. As provided in the Bond Ordinance, this Bond, or any unredeemed
<br />portion hereof, may, at the request of the registered owner or the assignee or assignees hereof, be assigned,
<br />transferred, and exchanged for a like aggregate principal amount of fully registered Bonds, without interest coupons,
<br />payable 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 />registered owner, assignee, or assignees, as the case may be, upon surrender of this Bond to the Paying
<br />AgentJRegistraz for cancellation, all in accordance with the form and procedures set forth in the Bond Ordinance.
<br />Among other requirements for such assignment and transfer, this Bond must be presented and surrendered to the
<br />Paying Agent/Registrar, together with proper instruments of assignment, in form and with guarantee of signatures
<br />satisfactory to the Paying Agent/Registraz, 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
<br />or portions hereof is or aze to be registered. The form of Assignment printed or endorsed on this Bond may be
<br />executed by the registered owner to evidence the assignment hereof, but such method is not exclusive, and other
<br />instruments of assignment satisfactory to the Paying Agent/Registraz may be used to evidence the assignment of this
<br />Bond or any portion or portions hereof from time to time by the registered owner. The person requesting such
<br />transfer and exchange shall pay the Paying Agent/Registraz's reasonable standard or customary fees and charges for
<br />transferring and exchanging any Bond or portion thereof. In any circumstance, any taxes or governmental chazges
<br />6
<br />
|