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23 <br /> PLEASE INSERT SOCIAL SECURITY <br /> OR OTHER IDENTIFYING NUMBER NOTICE: The signature(s) to this <br /> OF ASSIGNEE: assignment must correspond with the name <br /> as it appears upon the face of the within <br /> Bond in every particular, without alteration, <br /> enlargement or any change whatsoever. <br /> Signature(s)must be guaranteed by an <br /> eligible guarantor institution"tution" <br /> meeting <br /> the requirements of the Bond Registrar, <br /> which requirements include membership <br /> or participation in the Securities Transfer <br /> Association Medalion Program (STAMP) <br /> or such other"signature guaranty program" <br /> as may be determined by the Bond Registrar <br /> in addition to or in substitution for STAMP, <br /> all in accordance with the Securities Exchange <br /> Act of 1934, as amended. <br /> [End of Bond Form.] <br /> Section 3. Bond Terms Execution x ution and Deli ye . <br /> 3.01. Maturities Interest Rates Denominations Pa ent Dating of Bonds. The <br /> City shall forthwith issue and deliver the Bonds, which shall be denominated "General <br /> Obligation Temporary Improvement Bonds, Series 2004B" and shall be payable primarily from <br /> the 2004B General Obligation Improvement Bond Fund of the City created in Section 4.02. The <br /> Bonds shall be dated as of June 1, 2004, shall be issuable in the denominations of$5,000 or any <br /> integral multiple thereof, shall mature on February , 2007 shall bear interest computed on the <br /> rY � p <br /> basis of a 360-day year consisting of twelve 30-day months, from February 1, 2005 until paid or <br /> duly called for redemption at the rate of %per annum. The Bonds shall be issuable only in <br /> fully registered form, of single maturities. The interest thereon and,upon surrender of each <br /> Bond at the principal office of the Registrar described herein,the principal amount thereof, shall <br /> be payable by check or draft issued by the Registrar. Each Bond shall be dated by the Registrar <br /> as of the <br /> date of its authentication. <br /> 3.02. Interest Pavment Dates. Interest on the Bonds shall be payable on <br /> February 1 and August 1 in each year, commencing February 1, 2005,to the owners thereof as <br /> such appear of record in the bond register as of the close of business on the fifteenth day of the <br /> immediately preceding month, whether or not such day is a business day. <br /> -6- <br />