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_%if redeemed on January 1, 20_or thereafter <br /> before January 1, 20_; <br /> _%if redeemed on January 1, 20_or thereafter <br /> before January 1, 20_; and <br /> 0% if redeemed on January 1, 20_, or thereafter <br /> prior to maturity; <br /> plus accrued interest to the date fixed for redemption. Each minimum authorized <br /> denomination in principal amount shall be considered a separate bond for purposes of <br /> partial redemption. <br /> Notice of such redemption shall be mailed by first-class mail not more than sixty <br /> (60) days and not less than thirty (30) days prior to the date fixed for redemption to the <br /> address of the registered owner of each bond to be redeemed as shown on the registration <br /> record of the City except to the extent such redemption notice is waived by owners of the <br /> bond or bonds redeemed, provided, however, that failure to give such notice by mailing; <br /> or any defect therein, with respect to any bond shall not affect the validity of any <br /> proceedings for the redemption of any other bonds. The notice shall specify the date and <br /> place of redemption,the redemption price and the CUSIP numbers of the bonds called for <br /> redemption. The place of redemption may be determined by the City. Interest on the <br /> bonds so called for redemption shall cease on the redemption date fixed in such notice if <br /> sufficient funds are available at the place of redemption to pay the redemption price on <br /> the date so named, and thereafter, such bonds shall no longer be protected by the <br /> Ordinance and shall not be deemed to be outstanding thereunder. <br /> This bond is subject to defeasance prior to payment or redemption as provided in <br /> the Ordinance. <br /> If this bond shall not be presented for payment or redemption on the date fixed <br /> therefor, the City may deposit in trust with the Paying Agent or another paying agent, an <br /> amount sufficient to pay such bond or the redemption price, as the case may be, and <br /> thereafter the Registered Owner shall look only to the funds so deposited in trust for <br /> payment and the City shall have no further obligation or liability in respect thereto. <br /> This bond is transferable or exchangeable only upon the registration record kept <br /> for that purpose at the office of the Registrar by the Registered Owner in person, or by his <br /> attorney duly authorized in writing, upon surrender of this bond together with a written <br /> instrument of transfer or exchange satisfactory to the Registrar duly executed by the <br /> Registered Owner or such attorney, and thereupon a new fully registered bond or bonds <br /> in the same aggregate principal amount, and of the same maturity, shall be executed and <br /> delivered in the name of the transferee or transferees or the Registered Owner, as the case <br /> may be, in exchange therefor. This bond may be transferred or exchanged without cost to <br /> the Registered Owner except for any tax or governmental charge required to be paid with <br /> respect to the transfer or exchange. The City, the Registrar, the Paying Agent and any <br /> other registrar or paying agent for this bond may treat and consider the person in whose <br /> name this bond is registered as the absolute owner hereof for all purposes including for <br /> - 13 - <br />