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This bond is transferable or exchangeable only upon the Series <br />1986 Bond Register by the Registered Owner hereof in person, or by <br />his attorney duly authorized in writing, upon surrender of this bond <br />together with a written instrument of transfer or exchange <br />satisfactory to the Registrar duly executed by the Registered Owner <br />or his attorney duly authorized in writing and thereupon a new fully <br />registered bond or bonds in the same aggregate principal amount and <br />of the same maturity shall be executed and delivered in the name of <br />the transferee or transferees or the Registered Owner, as the case <br />may be, in exchange therefor. This bond may be transferred or <br />exchanged without cost to the Registered Owner, except for any tax <br />or governmental charge required to be paid with respect to the <br />exchange. The Registrar shall not be required to transfer or <br />exchange this bond if it has been called for redemption or during <br />the period from the fifteenth day of any calendar month immediately <br />preceding an interest payment date to such interest payment date. <br />The City, the Commission and the Registrar may treat and <br />consider the person in whose name this bond is registered as the <br />absolute owner hereof for all purposes including for the purpose of <br />receiving payment of, or on account of, the principal hereof and <br />interest due hereon. <br />The Series 1986 Bonds maturing in any one year are issuable only <br />in fully registered form in the denomination of $5,000 or any <br />integral multiples thereof not exceeding the aggregate principal <br />amount of the Series 1986 Bonds maturing in such year. <br />The following abbreviation, when used in the inscription of the <br />face of this bond, shall be construed as though they were written <br />out in full according to applicable laws or regulations: <br />TEN. COM. as tenants in common <br />TEN. ENT. as tenants by the entireties <br />JT. TEN. as joint tenants with right of <br />survivorship and not as tenants <br />in common <br />UNIF. GIFT <br />MIN. ACT Custodian <br />(Cust.) (Minor) <br />under Uniform Gifts to Minors Act of <br />(State) <br />Additional abbreviations may also be used although not in the <br />above list. <br />Assignment <br />For value received, the undersigned hereby sells and transfers <br />unto <br />