Municipal Waterworks Revenue Bonds

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The Registrar or Paying Agent may at any time resign as registrar or paying agent by giving thirty (30) days' written notice to the City and by first -class mail to the registered owners of bonds then outstanding, and such resignation will take effect at the end of such thirty (30) days or upon the earlier appointment of a successor registrar or paying agent, as the case may be, by the City. Such notice to the City may be served personally or be sent by registered mail. The Registrar or Paying Agent may be removed at any time as registrar or paying agent by the City, in which event the City may appoint a successor registrar or paying agent, as the case may be. The City shall notify the registered owners of this bond, if then outstanding, by first -class mail of the removal of the Registrar or Paying Agent. Notices to registered owners of bonds shall be deemed to be given when mailed by first -class mail to the addresses of such registered owners as they appear in the registration books kept by the Registrar. In the manner provided in the Ordinance, (a) without notice to or consent of the owners of the Bonds authorized thereunder, including this Bond, the City may, from time to time and at any time, adopt a supplemental ordinance or ordinances for specified purposes, and (b) the Ordinance and the rights and obligations of the City and the owners of the bonds authorized thereunder, including this bond, may (with certain exceptions as stated in the Ordinance) be modified or amended with the consent of the owners of at least sixty -six and two - thirds percent (66 2/3 %) in aggregate principal amount of such bonds exclusive of any such bonds which may be owned by the City. The bonds authorized and issued pursuant to the Ordinance, including this bond, are subject to defeasance prior to redemption or payment as provided in the Ordinance, and the Registered Owner of this bond, by the acceptance hereof, hereby agrees to all the terms and provisions contained in the Ordinance. The following abbreviations, when used in the inscription on the face of the within Bond, shall be construed as though they were written out in full according to applicable laws or regulations. TEN. COM. as tenants in common TEN. ENT. - as tenants by the entireties JT. TEN. - as joint tenants with right of survivorship and not as tenants in common UNIF. GIFT MIN. ACT - Custodian (Cust) (Minor) under Uniform Gifts to Minors Act -8- (State)