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ASSIGNMENT <br /> • FOR VALUE RECEIVED, the undersigned hereby sells, <br /> assigns and transfers unto <br /> the within Bond and all rights thereunder, and hereby <br /> irrevocably constitutes and appoints <br /> attorney to transfer the within Bond on the books kept for <br /> registration thereof , with full power of substitution in the <br /> premises .. <br /> Dated: <br /> PLEASE INSERT SOCIAL SECURITY <br /> OR OTHER IDENTIFYING NUMBER NOTICE: The signature to this <br /> . OF ASSIGNEE: assignment must correspond with <br /> the name as it appears upon the <br /> face of the within Bond in every <br /> particular , without alteration <br /> or any change whatsoever . <br /> Signature(s) must be guaranteed by a commercial bank <br /> or trust company or by a brokerage firm having a membership in <br /> one of the major stock exchanges . <br /> Section 3 . Bond Terms , Execution and Delivery. <br /> • 3 . 01 . Maturities , Interest Rates , Denominations , <br /> Payment . The City shall forthwith 'issue and deliver the Bonds , <br /> which shall be denominated -"General Obligation Sewer Revenue <br /> Bonds of 1988 . " The Bonds shall be issuable in the <br /> denomination of $5 , 000 each or any integral multiple thereof ; <br /> shall mature on October 1 in the years and amounts set forth <br /> below, and Bonds maturing in such years and amounts shall bear <br /> interest from date of issue until paid or duly called for <br /> redemption at the rates per annum shown opposite such years and <br /> amounts as follows : <br /> Year Amount Rate <br /> 1989 $25 , 000 <br /> 1990 25 , 000 <br /> 1991 30, 000 <br /> 1992 30 , 000 <br /> 1993 30, 000 <br /> 1994 35, 000 <br /> 1995 35 ,000 <br /> The Bonds shall be issuable only in fully registered <br /> form. The interest thereon and, upon surrender of each Bond, <br /> the principal amount thereof , shall be payable by check or <br /> draft issued by the Registrar described herein. Each Bond <br /> • <br /> -7- <br />