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<br />Official notice of redemption having been given as aforesaid, the bonds, or portions of
<br />bonds so to be redeemed shall, on the redemption date, become due and payable at the redemption price
<br />therein specified, and from and after such date (unless the Commission shall default in the payment of the
<br />redemption price) such bonds or portions of bonds shall cease to bear interest. Upon surrender of such
<br />bonds for redemption in accordance with said notice, such bonds shall be paid by the Paying Agent at the
<br />redemption price. Bonds redeemed in part may be exchanged for a bond or bonds of the same maturity in
<br />Authorized Denominations equal to the remaining principal amount.
<br />The principal of and premium, if any, and interest on this bond and all other bonds of the
<br />issue of which this bond is a part are payable out of the Tax Increment and such other revenues that may
<br />be made available to the Commission for such purpose.
<br />This bond is transferable or exchangeable only upon the Bond Register by the Registered
<br />Owner hereof in person, or by his attorney duly authorized in writing, upon surrender of this bond
<br />together with a written instrument of transfer or exchange satisfactory to the Registrar duly executed by
<br />the Registered Owner or his attorney duly authorized in writing and thereupon a new fully registered
<br />bond or bonds 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 may be, in
<br />exchange therefor. This bond may be transferred or exchanged without cost to the Registered Owner,
<br />except for any tax or governmental charge required to be paid with respect to the exchange. The
<br />Registrar shall not be required to transfer or exchange this bond if it has been called for redemption or
<br />during the period from the fifteenth day of any calendar month immediately preceding an interest
<br />payment date to such interest payment date.
<br />The City, the Commission, the Registrar and Paying Agent may treat and consider the
<br />person in whose name this bond is registered as the absolute owner hereof for all purposes including for
<br />the purpose of receiving payment of, or on account of, the principal hereof and interest due hereon.
<br />In the manner provided in the Resolution, the Resolution and the rights and obligations of
<br />the Commission and of the owners of the bonds may (with certain exceptions as stated in the Resolution)
<br />be modified or amended with the consent of the owners of at least sixty percent (60%) in aggregate
<br />principal amount of outstanding bonds exclusive of bonds, if any, owned by the Commission or the City.
<br />Additional bonds ranking on a parity with the Bonds authorized by the Resolution and other bonds, junior
<br />to the Bonds authorized by the Resolution, may be issued in accordance with the terms of the Resolution.
<br />In the event this bond is mutilated, lost, stolen or destroyed, the City may execute and the
<br />Registrar may authenticate a new bond of like date, maturity and denomination as this bond, which new
<br />bond shall be marked in a manner to distinguish it from this bond; provided, that in the case of this bond
<br />being mutilated, this bond shall first be surrendered to the City and the Registrar, and in the case of this
<br />bond being lost, stolen, or destroyed, there shall first be furnished to the City and the Registrar evidence
<br />of such loss, theft or destruction satisfactory to the City and the Registrar, together with indemnity
<br />satisfactory to them. In the event that this bond, being lost, stolen or destroyed, shall have matured,
<br />instead of issuing a duplicate bond the City and the Registrar may, upon receiving indemnity satisfactory
<br />to them, pay this bond without surrender hereof. The City and the Registrar may charge the owner of this
<br />bond with their reasonable fees and expenses in connection with the above. Every substitute bond issued
<br />by reason of this bond being lost, stolen or destroyed shall, with respect to this bond, constitute a
<br />substitute contractual obligation of the City, acting for and on behalf of the Redevelopment District,
<br />whether or not this bond, being lost, stolen or destroyed shall be found at any time and shall be entitled to
<br />all the benefits of the Resolution, equally and proportionately with any and all other bonds duly issued
<br />thereunder.
<br />BDDB01 4912282v3 - I2 -
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