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redemption shall cease on the redemption date fixed in such notice if sufficient funds are <br />available at the place of redemption to pay the redemption price on the date so named, and <br />thereafter, such bonds shall no longer be protected by the Resolution and shall not be deemed to <br />be outstanding thereunder. <br />This bond is subject to defeasance prior to payment or redemption as provided in the <br />Resolution. <br />If this bond shall not be presented for payment or redemption on the date fixed therefor, <br />the Commission may deposit in trust with the Paying Agent or another paying agent, an amount <br />sufficient to pay such bond or the redemption price, as the case may be, and thereafter the <br />Registered Owner shall look only to the funds so deposited in trust for payment and the City <br />shall have no further obligation or liability in respect thereto. <br />This bond is transferable or exchangeable only upon the registration record kept for that <br />purpose at the office of the Registrar by the Registered Owner in person, or by the Registered <br />Owner's 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 Registered <br />Owner or such attorney, and thereupon a new fully registered bond or bonds in the same <br />aggregate principal amount, and of the same maturity, shall be executed and delivered in the <br />name of the transferee or transferees or the Registered Owner, as the case may be, in exchange <br />therefor. The City, the Commission, any registrar and any paying agent for this bond may treat <br />and consider the person in whose name this bond is registered as the absolute owner hereof for <br />all purposes including for the purpose of receiving payment of, or on account of the principal <br />hereof and interest and premium, if any, due hereon. <br />The bonds maturing on any maturity date are issuable only in the denomination of $5,000 <br />or any integral multiple thereof. <br />[This bond has been designated as a qualified tax - exempt obligation for purposes of <br />Section 265(b)(3) of the Internal Revenue Code of 1986, as amended.] <br />[A Continuing Disclosure Contract from the Commission to each registered owner or <br />holder of any bond, dated as of the date of initial issuance of the bonds (the "Contract "), has been <br />executed by the Commission, a copy of which is available from the Commission and the terms of <br />which are incorporated herein by this reference. The Contract contains certain promises of the <br />Commission to each registered owner or holder of any bond, including a promise to provide <br />certain continuing disclosure. By its payment for and acceptance of this bond, the registered <br />owner or holder of this bond assents to the Contract and to the exchange of such payment and <br />acceptance for such promises.] <br />It is hereby certified and recited that all acts, conditions and things required to be done <br />precedent to and in the execution, issuance and delivery of this bond have been done and <br />performed in regular and due form as provided by law. <br />This bond shall not be valid or become obligatory for any purpose until the certificate of <br />authentication hereon shall have been executed by an authorized representative of the Registrar. <br />0 <br />