60-18 Bond Financing for the Community Center Project

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The Series 20_ Bonds are issuable in registered form without coupons in the denominations of$5,000 or any integral multiple thereof. This Series 20_Bond is transferable by the registered holder hereof in person or by his attorney duly authorized in writing at the principal office of the Trustee, but only in the manner, subject to the limitations and upon payment of the charges provided in the Indenture and upon surrender and cancellation of this Series 20_ Bond. Upon such transfer a new registered Series 20_ Bond will be issued to the transferee in exchange therefor. The Issuer and the Trustee may deem and treat the Registered Owner hereof as the absolute owner hereof for the purpose of receiving payment of or on account of principal hereof and interest due hereon and for all other purposes, and neither the Issuer nor the Trustee shall be affected by any notice to the contrary. The Series 20 Bonds maturing on or after 1, 20_, are subject to redemption at the option of the Issuer on any date on or after 1, 20_, in whole or in part, in order of maturity determined by the Issuer and by lot within maturities, at face value, plus accrued interest to the date fixed for redemption and without premium. The Series 20_ Bonds maturing on 1, 20_, are subject to mandatory sinking fund redemption on the dates shown below, in the principal amount shown below, plus accrued interest and without premium: Date Amount 1, 20_ $ 1, 20_* $ *Final Maturity If fewer than all of the Series 20_ Bonds at the time outstanding are to be called for redemption, the maturities of Series 20_ Bonds or portions thereof to be redeemed shall be selected by the Trustee at the direction of the Issuer. If fewer than all of the Series 20_ Bonds within a maturity are to be redeemed, the Trustee shall apply moneys available for redemption on a pro rata basis, based on the respective portion of the principal amount of Series 20_ Bonds held by the respective owners of the Series 20_ Bonds within such maturity that shall be redeemed. In the event any of the Series 20_ Bonds are called for redemption as aforesaid, notice thereof identifying the Bonds to be redeemed will be given by mailing a copy of the redemption notice by first class mail not less than thirty (30) days nor more than forty-five (45) days prior to the date fixed for redemption to the Registered Owner of the Series 20_Bonds to be redeemed at the address shown on the registration books; provided, however, that failure to give such notice by mailing, or any defect therein with respect to any registered Series 20_ Bond, shall not affect the validity of any proceedings for the redemption of other Series 20_Bonds. All Series 20_ Bonds so called for redemption will cease to bear interest on the specified redemption date, provided funds for their redemption are on deposit at the place of A-3